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.
Also in May, MarkWest announced several new developments for the Liberty joint venture.
It was to: * be operating a new cryogenic plant with throughput of 30 Mmcf/d. * have a new refrigeration plant by year-end-2009 with a capacity of 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: * six compressor stations and will add three more before year-end-2009 MarkWest plans to build significant natural gas liquids (NGL) infrastructure including: * pipeline capacity * storage * rail car and truck loading facility
