Shale Energy Law Blog
MarkWest Energy Sells WV Natural Gas Gathering Facilities and Assets
June 10, 2013
MarkWest Energy is slated to sell some of its natural gas facilities in Doddridge County, West Virginia to Summit Midstream Partners in the coming days. According to Platts McGraw Hill Financial, the $210 million transaction is anticipated to close this month and will include approximately 40 miles of high-pressure gathering pipelines, designated right-of-ways associated with the gathering lines and two compressor stations. These WV pipeline and compressor station systems are currently serving an affiliate of Antero Resources based upon a long-term, fee for service contract.