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MarkWest Energy Partners LP (MWE) RSS Feed

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Overview
MarkWest Energy Partners, L.P. (NYSE: MWE) is a publicly traded master limited partnership (MLP) formed in January 2002.  We are engaged in the gathering, processing, and transportation of natural gas; the transportation, fractionation, storage, and marketing of NGLs; and the gathering and transportation of crude oil.  As a leading provider of midstream services in the natural gas industry, our business strategy is to deliver best-of-class service by developing high-quality, strategically located, diversified assets in the liquids-rich areas of the natural gas resource plays in the United States.

Execution of our business strategy has allowed us to grow substantially since our inception. The majority of our growth since 2007 has focused on the development of natural gas supplies in emerging resource plays.  As a result we now have a strong presence in the Marcellus Shale, Huron/Berea Shale, Woodford Shale, Granite Wash, and Haynesville Shale, five emerging resource plays that are expected to be a significant source of domestic natural gas production.

Key Operating Highlights
Marcellus Shale

We are the largest processor of natural gas in the Marcellus Shale, with fully integrated processing, fractionation, storage, and marketing operations that are critical to the rich-gas development in the northeast United States. Our operations are supported by strategic, long-term agreements that include significant acreage dedications from key producers.

Huron/Berea Shale

We are the largest processor and fractionator of natural gas in Appalachia. We believe our significant presence and asset base provide us with a competitive advantage in capturing and contracting for new supplies of natural gas. Our concentrated processing, fractionation, and marketing infrastructure, land rights, and storage assets in Appalachia should continue to provide us with a platform for additional cost-effective expansion opportunities as production from these shale formations continues to be developed.

Woodford Shale / Granite Wash
Our acquisitions and internal growth projects have allowed us to establish and expand our presence in several long-lived natural gas supply basins in the Southwest, particularly in Texas and Oklahoma. In late 2006, we expanded this strategy through a long-term agreement by building the largest gathering system to date in the Woodford Shale play in Southeast Oklahoma. We have continued this strategy through the current development of our gathering system in the Granite Wash.

Haynesville Shale

The Haynesville Shale is an extremely productive and cost effective resource play which we believe will continue to be a strategic focus of our East Texas producer customers.  We currently have more than 200,000 prospective Haynesville acres dedicated to our East Texas system.  As a result of the tremendous growth potential from the liquids-rich zones of the play, we expect to benefit from increased production growth from the Haynesville play in the future.



Frank M. Semple

Chairman, President and Chief Executive Officer

 

Frank SempleMr. Semple joined MarkWest on November 1, 2003. He is a member of the Board of Directors and was elected Chairman of the Board in October 2008. Prior to joining MarkWest he completed a 22-year career with The Williams Companies and WilTel Communications. He served as the Chief Operating Officer of WilTel Communications, Senior Vice President/General Manager of Williams Natural Gas Company, Vice President of Operations and Engineering for Northwest Pipeline Company and Division Manager for Williams Pipeline Company. Prior to joining The Williams Companies, Mr. Semple served in the U.S. Navy aboard the nuclear submarine USS Gurnard (SSN 662). Mr. Semple completed the Program for Management Development at Harvard Business School and a holds a B.S. in Mechanical Engineering degree from the United States Naval Academy.


C. Corwin Bromley

Senior Vice President, General Counsel and Secretary

 

Cory BromleyMr. Bromley was appointed as General Counsel of our General Partner in September 2004. Prior to joining MarkWest, Mr. Bromley served as Assistant General Counsel at Foundation Coal Holdings, Inc. f/k/a RAG American Coal Holding, Inc. from 1999 through 2004, and as General Managing Attorney and Sr. Environmental Attorney at Cyprus Amax Minerals Company from 1989 to 1999. Prior to that, Mr. Bromley was in private practice with the law firm Popham, Haik, Schnobrich & Kaufman from 1984 through 1989. Preceding his legal career, Mr. Bromley worked as a structural/design engineer involved in several domestic and international LNG and energy projects with the firms CBI, Inc. and Chicago Bridge & Iron Company. Mr. Bromley received his J.D. degree from the University of Denver and his bachelor's degree in Civil Engineering from the University of Wyoming.


Nancy K. Buese

Senior Vice President and Chief Financial Officer

 

Nancy BueseMs. Buese was appointed Chief Financial Officer of our General Partner in October 2006. Prior to her appointment as Chief Financial Officer, Ms. Buese served as Chief Accounting Officer of MarkWest since November 2005. Prior to joining MarkWest, Ms. Buese was the Chief Financial Officer for Experimental and Applied Sciences ("EAS") in Golden, Colorado. EAS is a wholly‑owned subsidiary of Abbott Laboratories. Prior to her employment at EAS, Ms. Buese was a Vice President with TransMontaigne Inc. in Denver, Colorado. Preceding this appointment, Ms. Buese was a Partner with Ernst & Young LLP, having spent time in the firm's Denver, London, New York and Washington, D.C. offices. Ms. Buese received her bachelor's degree in Accounting and Business Administration from the University of Kansas and is a licensed CPA in the State of Colorado.


John C. Mollenkopf

Senior Vice President and Chief Operating Officer

 

John MollenkopfMr. Mollenkopf became the Chief Operating Officer in January 2011. Prior to this, he served as the Chief Operations Officer of our General Partner since October 2006. Prior to his appointment as Chief Operations Officer, Mr. Mollenkopf served as Senior Vice President, Southwest Business Unit, since January 2004 and as Vice President, Business Development since January 2003. Prior to these positions, he served as Vice President, Michigan Business Unit, of our General Partner since its inception in May 2002 and in the same capacity with MarkWest Hydrocarbon since December 2001. Prior to that, Mr. Mollenkopf was General Manager of the Michigan Business Unit of MarkWest Hydrocarbon since 1997. He joined MarkWest Hydrocarbon in 1996 as Manager, New Projects. From 1983 to 1996, Mr. Mollenkopf worked for ARCO Oil and Gas Company, holding various positions in process and project engineering, as well as operations supervision. Mr. Mollenkopf received his bachelor's degree in Mechanical Engineering from the University of Colorado at Boulder.


Randy S. Nickerson

Senior Vice President and Chief Commercial Officer

 

Randy NickersonMr. Nickerson was appointed as Chief Commercial Officer of our General Partner in October 2006. Prior to his appointment as CCO, Mr. Nickerson served as Senior Vice President, Corporate Development of MarkWest since January 2003. Prior to these positions, Mr. Nickerson served as Senior Vice President of our General Partner since its inception in May 2002 and served in the same capacity with MarkWest Hydrocarbon since December 2001. Prior to that, Mr. Nickerson served as MarkWest Hydrocarbon's Vice President and the General Manager of the Appalachia Business Unit since June 1997. Mr. Nickerson joined MarkWest Hydrocarbon in July 1995 as Manager, New Projects and served as General Manager of the Michigan Business Unit from June 1996 until June 1997. From 1990 to 1995, Mr. Nickerson was a Senior Project Manager and Regional Engineering Manager for Western Gas Resources, Inc. From 1984 to 1990, Mr. Nickerson worked for Chevron USA and Meridian Oil Inc. in various process and project engineering positions. Mr. Nickerson received his bachelor's degree in Chemical Engineering from Colorado State University.


..                                                                 

 SOUTHWEST SEGMENT

In the Southwest Segment, we gather, process, treat, and transport natural gas and natural gas liquids in East Texas, Southeast Oklahoma, Western Oklahoma, and several smaller systems in the Southwest.

East Texas

Our East Texas operations are located in Panola, Harrison, and Rusk Counties and serve the Carthage Field. The midstream system consists of low and high pressure natural gas gathering pipelines, centralized compressor stations, a natural gas processing facility, and an NGL pipeline.

Resource Plays

Cotton Valley, Travis Peak, and Pettit formations and Haynesville Shale

Gathering

500 MMcf/d gathering capacity

Processing

280 MMcf/d cryogenic processing capacity

Market Access

Gas: Interconnects to CenterPoint Energy Gas Transmission (CEGT), Natural Gas Pipeline Company of America (NGPL), and TGT Pipeline

NGLs: Interconnects to West Texas Pipeline (WTPL) and Panola Pipeline

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Western Oklahoma

We own the Foss Lake natural gas gathering system and the Arapaho natural gas processing complex, all located in Roger Mills, Custer, and Ellis Counties of western Oklahoma. We also own a gathering system in the Granite Wash formation in the Texas panhandle and the Grimes gathering system in Roger Mills and Beckham Counties in western Oklahoma, both of which are connected to our Arapaho processing plants.

Resource Plays

Anadarko Basin and the Granite Wash formation

Gathering

230 MMcf/d gathering capacity

Processing

235 MMcf/d cryogenic processing capacity

Market Access

Gas: Interconnects to ANR Pipeline System (ANR), CenterPoint Energy Gas Transmission (CEGT), Natural Gas Pipeline Company of America (NGPL), and Panhandle Eastern Pipeline (PEPL)

NGLs: Interconnect to OneOK

Under Construction

Processing

75 MMcf/d cryogenic processing capacity at our Arapaho complex

Gathering

75 MMcf/d expansion of the pipeline connecting our Granite Wash system with our Arapaho complex

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Southeast Oklahoma

We own a natural gas gathering system in the Woodford Shale in the Arkoma Basin of southeast Oklahoma. We have in excess of 160,000 dedicated acres in the Woodford Shale play and the Hartshorne coal bed methane play where we provide low pressure, highly reliable, and fuel efficient service.

Resource Play

Woodford Shale

Gathering

550 MMcf/d gathering capacity

Processing

100 MMcf/d of third-party, rich-gas processing capacity

Market Access

Gas: Interconnects to CenterPoint Energy Gas Transmission (CEGT), CenterPoint Field Services (CPFS), Enogex, and Arkoma Connector Pipeline

Transportation

625 MMcf/d FERC-regulated Arkoma Connector Pipeline (joint venture with ArcLight Capital Partners). Interconnects to Midcontinent Express Pipeline (MEP) and Gulf Crossing Pipeline at Bennington, Oklahoma

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Other Southwest

We own a number of natural gas gathering systems, three intrastate piplines, and one interstate pipeline located throughout Texas, Louisiana, Mississippi, and New Mexico; including the Appleby gathering system in Nacogdoches County, Texas. In many areas we are the primary gatherer, and in some of the areas served by our smaller systems we are the sole gatherer.

Resource Plays

Travis Peak, Rodessa, Frio, Ellenburger, and Canyon Sand formations, as well as Haynesville and Bossier Shales

Gathering

125 MMcf/d gathering capacity

Processing

100 MMcf/d processing capacity

Market Access

Interconnects to multiple downstream pipelines, including Natural Gas Pipeline Company of America (NGPL)

Transportation
 

Three lateral natural gas pipelines in Texas with a combined capacity of approxmately 500 MMcf/d. One FERC-regulated, natural gas pipline in New Mexico with a capacity of approximately 300 MMc



 

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