In an attempt to support increased natural gas liquids (NGL)
production in the Marcellus and Utica plays,
MarkWest Energy Partners LP
) − natural gas processor and distributor − has decided to doubled
the fractionation capacity of the Hopedale fractionation complex,
located at Harrison County, OH. The partnership added that the
expanded facility will start operating by the first quarter of
The fractionation complex is co-owned by MarkWest Utica EMG - a
joint venture between The Energy & Minerals Group (EMG) and
MarkWest Energy - and an affiliate of the partnership.
MarkWest Energy added that the capacity of the Hopedale
fractionation complex will increase to 120,000 barrels per day
(Bbl/d), once the facility's expansion work gets over.
Additionally, with the expansion of the Hopedale complex, the total
fractionation capacity of all the four complexes of the partnership
in the Northeast will increase to 300,000 Bbl/d.
In addition to fractionation plant, the Hopedale complex of
MarkWest Energy includes NGL gathering facility which is connected
through pipeline with the NGL producing region in the Marcellus
Shale. The pipeline will transport the NGL from the gathering
facility to the Gulf Coast and international markets, thereby
giving natural gas producers in the Marcellus plays an access to
the international markets.
Denver, CO-based MarkWest Energy, a master limited partnership, is
engaged in the gathering, processing and transmission of natural
gas, transportation, fractionation and storage of NGLs, and the
gathering and transportation of crude oil.
The partnership currently has a Zacks Rank #3 (Hold), implying that
it is expected to perform in line with the broader U.S. equity
market over the next one to three months.
Meanwhile, one can consider better-ranked players in the same
Boardwalk Pipeline Partners LP
Delek Logistics Partners LP
Magellan Midstream Partners LP
). All these stocks sport a Zacks Rank #1 (Strong Buy).
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