MarkWest Liberty Midstream and Resources
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| A May, 2009 report stated that [[Mark West Energy]] and [[NGP Midstream & Resources LP]] (M&R) closed a joint venture known as '''MarkWest Liberty Midstream & Resources'''. It is to focus on construction and operation of [[midstream services]] in support of [[Marcellus shale]] gas production for its customers. It is 40 percent owned by M&R and 60 percent by MarkWest and operated by the latter. MarkWest contribued roughly $100 million of its existing Marcellus assets. M&R will contribute $200 million which is roughly the amount needed to fund the project during 2009. MarkWest will invest yet another $200 million by the end of 2011. | A May, 2009 report stated that [[Mark West Energy]] and [[NGP Midstream & Resources LP]] (M&R) closed a joint venture known as '''MarkWest Liberty Midstream & Resources'''. It is to focus on construction and operation of [[midstream services]] in support of [[Marcellus shale]] gas production for its customers. It is 40 percent owned by M&R and 60 percent by MarkWest and operated by the latter. MarkWest contribued roughly $100 million of its existing Marcellus assets. M&R will contribute $200 million which is roughly the amount needed to fund the project during 2009. MarkWest will invest yet another $200 million by the end of 2011. | ||
| - | Also in May, MarkWest announced several new developments for the Liberty joint venture. | + | Also in May, MarkWest announced several new developments for its Liberty joint venture- |
| - | It was to: | + | * a new cryogenic plant with throughput of 30 Mmcf/d. |
| - | * be operating a new cryogenic plant with throughput of | + | * a new 80 to 100 Mmcf/d refrigeration plant by year-end-2009. |
| - | 30 Mmcf/d. | + | * a 120 Mmcf/d cryogenic processing plant in early 2010 in Houston, PA. |
| - | * have a new refrigeration plant by year-end-2009 with a capacity of | + | * a second 120 Mmcf/d cryogenic plant roughly 30 miles SW of Houston/ |
| - | 80 to 100 Mmcf/d. | + | |
| - | * install a 120 Mmcf/d cryogenic processing plant at its Houston, Pennsylvania plant to be completed in early 2010. | + | |
| - | * open a second 120 Mmcf/d cryogenic plant roughly 30 miles | + | |
| - | southwest of the Houston one. | + | |
| Also, it already operates: | Also, it already operates: | ||
| - | * six compressor stations and will add three more before | + | * six compressor stations. |
| - | year-end-2009 | + | * three more compressor stations to be added by year-end-2009. |
| - | MarkWest plans to build significant natural gas liquids (NGL) infrastructure including: | + | MarkWest planed to build natural gas liquids (NGL) infrastructure: |
| * pipeline capacity | * pipeline capacity | ||
| * storage | * storage | ||
| * rail car and truck loading facility | * rail car and truck loading facility | ||
Revision as of 14:07, 18 May 2009
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A May, 2009 report stated that Mark West Energy and NGP Midstream & Resources LP (M&R) closed a joint venture known as MarkWest Liberty Midstream & Resources. It is to focus on construction and operation of midstream services in support of Marcellus shale gas production for its customers. It is 40 percent owned by M&R and 60 percent by MarkWest and operated by the latter. MarkWest contribued roughly $100 million of its existing Marcellus assets. M&R will contribute $200 million which is roughly the amount needed to fund the project during 2009. MarkWest will invest yet another $200 million by the end of 2011.
Also in May, MarkWest announced several new developments for its Liberty joint venture-
* a new cryogenic plant with throughput of 30 Mmcf/d. * a new 80 to 100 Mmcf/d refrigeration plant by year-end-2009. * a 120 Mmcf/d cryogenic processing plant in early 2010 in Houston, PA. * a second 120 Mmcf/d cryogenic plant roughly 30 miles SW of Houston/ Also, it already operates: * six compressor stations. * three more compressor stations to be added by year-end-2009. MarkWest planed to build natural gas liquids (NGL) infrastructure: * pipeline capacity * storage * rail car and truck loading facility
