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MarkWest’s Northeast and Southwest segments
Apart from the company’s massive investments in the Marcellus and Utica, MWE also has growth projects lined up for its Northeast and Southwest segments.
The northeast segment operates out of the Appalachian Basin and has a processing capacity of 652 MMcf/d and a fractionation capacity of 24,000 bpd.
Plus, in 1Q 2014, MWE announced the addition of two plants to this segment in 2014
The Southwest segment has operations in several resource plays, including the Eagle Ford Shale, Granite Wash Formation, and Haynesville Shale. This is MWE’s largest segment, with a processing capacity of 1.1 Bcf/d, a gathering capacity of 1.9 Bcf/d, and a fractionation capacity of 29,000 bpd.
Plus, this segment also processes and fractionates offshore gas for oil refineries in the Gulf Coast and also has four intrastate pipelines, feeding power plants.
For 2014 and the early part of 2015, MarkWest anticipates completing 11 processing plants.
The company’s total capex spending for 2014 is slated to be between $2 billion and $2.3 billion. Note that MWE is a component of several ETFs, including the Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), Alerian Energy Infrastructure ETF (ENFR), and Global X MLP & Energy Infrastructure ETF (MLPX).
Continue to the following parts of this series to read about the other major points the company discussed in its conference.
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