- MarkWest Energy Partners (NYSE:MWE -0.2%) says it is teaming up with The Energy & Materials Group to build a ~$1B gas pipeline gathering system in the Utica Shale in Ohio.
- MWE, which is being bought by Marathon Petroleum’s (MPC -1.2%) MPLX (MPLX -1.5%) MLP for $14.7B, is leading the project through a long-term contract with the newly formed Ascent Resources, a new stand-alone company that was part of Aubrey McClendon’s American Energy Partners.
- The companies say the new system is expected to gather more than 2B cf/day of gas from the Utica and ultimately could consist of more than 250 miles of pipeline and more than 200K hp of compression; initial operation is expected to begin by the end of 2015.