MarkWest Liberty, Statoil sign Marcellus Shale midstream services agreement

DENVER — MarkWest Liberty Midstream & Resources LLC, a partnership between MarkWest Energy Partners LP (NYSE: MWE) and The Energy & Minerals Group, has executed a long-term agreement with Statoil Natural Gas LLC, an existing producer customer of MarkWest Liberty and a wholly owned subsidiary of Statoil ASA (NYSE: STO), to provide additional natural gas midstream services for Statoil’s rich-gas Marcellus acreage in northern West Virginia.

MarkWest Liberty will provide the midstream services at its Majorsville, West Virginia processing complex, which is operating near capacity. MarkWest Liberty is nearing completion of an expansion of its cryogenic processing capacity at Majorsville, and is evaluating additional processing expansions to serve increasing production of liquids-rich natural gas in northern West Virginia. The natural gas liquids (NGLs) recovered at Majorsville are transported via pipeline to MarkWest Liberty’s fractionation, storage, and marketing complex in Houston, Pennsylvania.

The Energy & Minerals Group is the management company for a series of private equity funds totaling in excess of $2.5 billion of commitments. 

Source:  MarkWest Liberty Midstream & Resources LLC



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