(Source: Business Wire)

MarkWest Liberty Midstream & Resources, LLC, a partnership between
MarkWest Energy Partners, L.P. (NYSE:MWE) and the Midstream & Resources
Funds announced today that it reached definitive agreements with
Chesapeake Appalachia, L.L.C. ("Chesapeake"), a subsidiary of Chesapeake
Energy Corporation (NYSE:CHK), and Statoil Natural Gas LLC ("Statoil"),
a wholly owned subsidiary of StatoilHydro ASA (NYSE:STO), to process gas
at MarkWest Liberty's new Majorsville processing plant. The new
Majorsville plant is planned to be constructed and located in the
panhandle of West Virginia. The agreements announced today are in
addition to an agreement MarkWest Liberty executed earlier this year
with Range Resources to process gas at the Majorsville facility. All
three agreements include significant acreage dedications and other
commitments. MarkWest expects to complete the new 120 million cubic feet
per day Majorsville cryogenic plant in mid 2010.
The hydrocarbon-rich gas produced by Chesapeake and Statoil is to be
gathered by NiSource Gas Transmission and Storage affiliate Columbia Gas
Transmission using its infrastructure in Marshall and Wetzel counties in
West Virginia. Pursuant to the arrangements MarkWest and Columbia
announced in August 2008, Columbia will deliver the gas to MarkWest
Liberty's Majorsville processing plant, which is planned to be located
adjacent to Columbia's existing Majorsville compressor station.
The hydrocarbon liquids produced at the Majorsville plant will be
connected via pipeline to MarkWest Liberty's Houston, Pennsylvania
processing complex. MarkWest Liberty plans to install an approximate
37,000 barrel per day fractionation facility at the Houston complex, as
well as transportation, storage, and marketing infrastructure, to sell
the hydrocarbon liquids into high-value markets in the northeastern
United States. MarkWest Energy currently operates a 22,000 barrel per
day fractionation, storage, and marketing facility near Portsmouth, Ohio.
"We are pleased to announce these very strategic agreements with
Chesapeake and Statoil that solidify Majorsville as our second major gas
processing hub in the Marcellus," commented Frank Semple, Chairman,
President and Chief Executive Officer. "MarkWest Liberty is the largest
provider of midstream services in the Marcellus shale and we are
investing a significant amount of capital to provide the critical
midstream infrastructure necessary to economically develop the
Marcellus. This expansion of our Marcellus midstream infrastructure
further demonstrates MarkWest Liberty's commitment to develop the
facilities required to meet our customers' long-term needs."
MarkWest Energy Partners, L.P. is a master limited partnership
engaged in the gathering, transportation, and processing of natural gas;
the transportation, fractionation, marketing, and storage of natural gas
liquids; and the gathering and transportation of crude oil. MarkWest has
extensive natural gas gathering, processing, and transmission operations
in the southwest, Gulf Coast, and northeast regions of the United
States, including the Marcellus Shale, and is the largest natural gas
processor in the Appalachian region.
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 the periodic reports we file with the SEC, including our Annual
Report on Form 10-K for the year ended December 31, 2008, and our
Quarterly Report on Form 10-Q for the quarter ended June 30, 2009. 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 except as required by law.
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