Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



MarkWest Energy buys Keystone gas processing plants in Pennsylvania

05.29.2012  | 

The acquired Keystone assets are located in the Marcellus Shale region of Butler County, Pennsylvania, and include two cryogenic gas processing plants totaling 90 million cubic feet/day of processing capacity, a gas gathering system and associated field compression.

Keywords:

MarkWest Energy on Tuesday announced the closing of its acquisition of Keystone Midstream Services, which it bought from Stonehenge Energy Resources and subsidiaries of Rex Energy and Sumitomo.

The acquisition price was $512 million.

Keystone’s assets are located in Butler County, Pennsylvania, and include two cryogenic gas processing plants totaling 90 million cubic feet/day of processing capacity, a gas gathering system and associated field compression.

Concurrent with the closing of the deal, Rex Energy and Sumitomo have dedicated an 895-square-mile area to MarkWest, the company said.

MarkWest will gather and process rich gas, and fractionate the natural gas liquids under long-term, fee-based agreements.

MarkWest’s acquisition of Keystone expands the partnership’s position in the liquids rich Marcellus Shale area into northwest Pennsylvania and eastern Ohio, according to the company.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


64%

36%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.