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MarkWest Energy Partners Acquires of Keystone Midstream Services in Utica Shale

Markwest Energy Partners, L.P. Keystone Midstream Services, Rex Energy Corp
AnnouncedMay 7, 2012
TypeCorporate
LocationUtica Shale
Announced Date
May 07,2012
Close Date
May 29,2012
Transaction Type
Corporate




Snapshot
Location
Region
Northeast

Country
United States

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MarkWest Energy Partners, L.P. (MarkWest) (NYSE: MWE) today 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). Keystone’s 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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