Tuesday, March 27, 2012

MarkWest announces producer agreement for East Texas processing expansion

MarkWest Energy Partners, L.P. (NYSE: MWE) on March 19 announced the execution of long-term gathering and processing agreements with Anadarko Petroleum Corp. (NYSE: APC) that will support the recently announced 120 million cubic feet per day (MMcf/d) expansion of the Partnership's cryogenic processing capacity in East Texas.

MarkWest will provide gathering and processing services to support Anadarko's liquids-rich development program within Panola County, Texas.

To provide critical midstream services to Anadarko and other producer customers that are expanding their drilling programs in East Texas, including Chevron, PetroQuest Energy, and Samson Lone Star, LLC, MarkWest is constructing the Carthage East plant, with cryogenic processing capacity of 120 MMcf/d, increasing total processing capacity in East Texas to 400 MMcf/d. In addition, Carthage East will expand the Partnership's gathering capacity in East Texas by 140 MMcf/d and residue gas outlet capacities by 60 MMcf/d.

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