Scandoil  

MarkWest; Energy & Minerals Group form JV with Gulfport Energy


Published Dec 30, 2013
MarkWest Energy Partners, L.P.

MarkWest Energy Partners, L.P. and The Energy & Minerals Group are executing definitive agreements with Gulfport Energy Corporation to provide stabilization services and potential gathering services for condensate produced within an area that includes Belmont, Harrison, Guernsey, Noble, and Monroe counties, Ohio.

Gulfport is rapidly developing their acreage within the wet gas, retrograde condensate and oil windows of the emerging Utica Shale and currently has over 147,000 net acres under lease. In conjunction with these agreements, MarkWest and EMG will form Ohio Condensate Company, LLC, a new joint venture related to the development of industry-leading facilities and services to support the rapid growth of condensate production occurring in the liquids-rich areas of the Utica Shale.

Discussions regarding the joint venture’s condensate solutions are also underway with numerous other Utica producers. Initial infrastructure development will consist of a new condensate stabilization facility, with associated logistics and storage terminal capabilities to be constructed in Harrison County, Ohio and placed in service by the third quarter of 2014. The facility will have initial stabilization capacity of 23,000 barrels per day (bopd) and an immediate 30,000 bopd expansion is anticipated.

Tags: MarkWest Energy Partners




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml