Antero Midstream’s business mix
Antero Midstream Partners (AM) expects its business mix to evolve from current gathering and compression activities to the inclusion of natural gas processing and fractionation activities over the coming years.
The partnership expects the share of its processing and fractionation business to increase to 10% by the end of 2020. Antero Midstream Partners and MarkWest Energy Partners, the wholly owned subsidiary of MLPX LP (MPLX), recently formed a 50-50 JV (joint venture) to pursue processing and fractionation expansion opportunities in the liquids-rich Marcellus region.
The partnerships are planning 11 incremental processing plants, or 2.2 Bcf/d (billion cubic feet per day) of capacity, in the liquids-rich Marcellus region under the JV. These plants would provide processing services to Antero Resources Corporation (AR). AR has a strong focus on the liquids-rich Marcellus region.