Natural gas processor and distributor
MarkWest Energy Partners LP
) declared that Bluestone II - a cryogenic processing plant − has
The new plant is part of Keystone Midstream Services LLC's
properties at Butler County, PA that was acquired by the
partnership in 2012. It will augment MarkWest Energy's processing
capacity to 120 million cubic feet each day (MMcf/d), once the
plant starts operating in full capacity.
Additionally, MarkWest Energy has finished the construction of a
fractionation plant of 20,000 barrels per day capacity at the
Bluestone facility. The fractionation plant will break the
processed natural gas liquid into its component ethane which will
be transported through a newly constructed pipeline - covering 32
miles - to Mariner West.
MarkWest Energy revealed that the Bluestone II processing unit will
mainly support the increased natural production in the Marcellus
Rex Energy Corp.
) − an exploration and production firm. Moreover, in order to
support its increased processing and fractionation business, the
partnership has been expanding its gathering facility in the Butler
In a separate press release, MarkWest Energy announced that its
processing and fractionation facilty at the Houston complex has
restarted operations. The unit had stopped working on May 28, 2014
following unfavorable weather. The Houston, PA facility has three
processing units with total capacity of roughly 355.0 MMcf/d. The
facility also has a fractionation plant with capacity of 98,000
barrels per day.
Denver, CO-based MarkWest Energy, a master limited partnership
(MLP), is engaged in the gathering, processing and transmission of
natural gas, transportation, fractionation and storage of natural
gas liquids (NGLs), and the gathering and transportation of crude
We like MarkWest Energy's high-quality and diverse portfolio of
midstream assets, which generate stable and recurring revenues by
way of long-term fee-based contracts. However, MarkWest Energy is
more sensitive to commodity prices compared to other MLP subgroups.
As a result, collapsing energy prices have adversely affected their
cash flow stability.
As a result, MarkWest Energy 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 look at better-ranked players in the same
Boardwalk Pipeline Partners LP
Delek Logistics Partners LP
). Both stocks sport a Zacks Rank #1 (Strong Buy).
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MARKWEST EGY PT (MWE): Free Stock Analysis
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