Exploration & Production | Deals - Acquisition, Mergers, Divestitures
Rex Energy Closes Midstream Asset Sale, Update on First Ohio Utica Well
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Rex Energy Corporation (Nasdaq:REXX) announced today that it, together with its partners in Keystone Midstream Services, LLC (Keystone), has closed on the previously announced sale of Keystone to a subsidiary of MarkWest Energy Partners L.P. (MarkWest). The sale of Keystone includes two cryogenic gas processing plants, the Sarsen Plant and the newly commissioned Bluestone Plant, with a combined 90 MMcf/d of capacity, a gas gathering system and associated field compression in Butler County, Pennsylvania. Simultaneous with the closing, affiliates of Rex Energy and its non-operating partner, Sumitomo Corporation, entered into a new, long-term gathering, processing and NGL fractionation arrangement with MarkWest.
Rex Energy Chief Executive Officer, Tom Stabley, commented, "The closing of the…
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