MarkWest Energy Partners Announces New Commercial Agreements to Provide Processing Services for Cimarex and Chevron in the Permi

abarrelfullabarrelfull wrote on 05 Jun 2015 16:18
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MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest”) announced today the completion of long-term, fee-based agreements to support producer development in the Delaware Basin of West Texas. Under terms of the agreements, MarkWest will install a 200 million cubic feet per day cryogenic gas processing plant (Hidalgo Complex) in Culberson County, Texas. The new facility is scheduled to commence operations during the second quarter of 2016.

“We are very excited to announce this strategic commercial relationship with Cimarex and Chevron to support their development of the highly prospective Delaware Basin,” commented Frank Semple, Chairman, President, and Chief Executive Officer of MarkWest. “MarkWest has provided midstream services for Chevron in east Texas for more than a decade and we are privileged to have the opportunity to serve them, as well as our new customer and operator of the joint development, Cimarex Energy.”

MarkWest Energy Partners, L.P. is a master limited partnership that owns and operates midstream service businesses. We have a leading presence in many natural gas resource plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation.


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