One-Page Deal Sheet
Keystone Midstream Acquired by Markwest Energy Partners
Markwest Energy Partners, L.P. Keystone Midstream Services
Announced Date
May 31,2012
Close Date
May 29,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
512
Asset/Basin:
{"Marcellus Shale"}
TargetZones:
{"Marcellus Shale","
Transaction Details: Subscribe to see
MarkWest Energy Partners, L.P. (MWE) (MarkWest) (NYSE: MWE) announced that it is acquiring 100% of the ownership interests of Keystone Midstream Services, LLC (Keystone), for consideration of $512 million. The transaction is expected to close during the second quarter of 2012.
Keystone is owned by Stonehenge Energy Resources, LP, and affiliates of Rex Energy Corporation (Rex Energy) (NASDAQ: REXX) and Sumitomo Corporation (Sumitomo). Keystones existing assets are located in Butler County, Pennsylvania and include two cryogenic gas processing plants totaling 90 million cubic feet per day…
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