20.03.2008 13:15:00
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MarkWest Energy Partners Announces Open Season for Arkoma Connector Pipeline
MarkWest Pioneer, L.L.C., a wholly owned subsidiary of MarkWest Energy
Partners, L.P. (MarkWest) (NYSE:MWE), today announced that it is holding
a binding open season through April 21, 2008, to solicit shipper
commitments for firm year-round transportation service on its proposed
Arkoma Connector Pipeline (the "Pipeline”).
The transportation service would originate northeast of Coalgate,
Oklahoma, and extend south to near Bennington, Oklahoma, where the
Pipeline will interconnect with the proposed Midcontinent Express and
Gulf Crossing pipelines. The targeted in-service date for the
transportation service is the second quarter of 2009, subject to
approval of the Federal Energy Regulatory Commission (FERC). MarkWest
has undertaken review of the Pipeline project through the pre-filing
process with the FERC (Docket No. PF08-2-000).
MarkWest will determine the capacity, scope, and cost of the Pipeline
based on the results of this open season. The estimated throughput
capacity of the Pipeline is approximately 625,000 dekatherms per day
(Dth/d). To meet the diverse needs of the region’s
gas producers, MarkWest anticipates offering firm and volumetric-based
transportation service.
Additional information, including the binding service request form, is
available at www.markwest.com
under "Operations / FERC Pipelines / Arkoma
Connector Pipeline.” All transportation
service requests must be executed and returned to MarkWest by close of
business on April 21, 2008.
Questions regarding the open season should be directed to MarkWest
business development representative Bob Powell at 713-666-6747 or via
email at bpowell@markwest.com.
MarkWest Energy Partners, L.P. (NYSE:MWE) is a publicly traded master
limited partnership with a solid core of midstream assets and a growing
core of gas transmission assets. It is one of the largest processors of
natural gas in the Northeast and is the largest gas gatherer of natural
gas in the prolific Carthage field in east Texas. It also has a growing
number of other gas gathering and intrastate gas transmission assets in
the Southwest, primarily in Texas and Oklahoma. This press release includes "forward-looking
statements.” All statements other than
statements of historical facts included or incorporated herein may
constitute forward-looking statements. Actual results could vary
significantly from those expressed or implied in such statements and are
subject to a number of risks and uncertainties. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct. The forward-looking
statements involve risks and uncertainties that affect our operations,
financial performance and other factors as discussed in our filings with
the Securities and Exchange Commission. Among the factors that
could cause results to differ materially are those risks discussed in
our Form 10-K for the year ended December 31, 2007, as filed with the
SEC. You are urged to carefully review and consider the
cautionary statements and other disclosures made in those filings,
specifically those under the heading "Risk
Factors.” We do not undertake any duty
to update any forward-looking statement.
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