SOURCE: Industrial Info Resources

Industrial Info Resources

August 06, 2012 06:30 ET

MarkWest Sees Volumes Boom, Acquisitions Bloom in Second-Quarter 2012, Readies for Growth in Big Shales, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 6, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural gas and natural gas liquids (NGL) producer transmission provider MarkWest Energy Partners LP (NYSE:MWE) (Denver, Colorado) reported strong gains in revenue and earnings for the second quarter of 2012, despite a decline in processing margins and NGL prices. Processed volumes saw solid gains, especially in the company's Southwest and Liberty segments, while projects that advanced during the quarter, particularly the Keystone acquisition, are expected to reap benefits in coming years. Net income for the quarter was reported to be $186.91 million, compared with only $78.5 million in second-quarter 2011. Industrial Info is tracking more than $1.18 billion in active projects involving MarkWest, including the $120 million construction of the Sherwood Natural Gas Processing Plant in West Union, West Virginia, and the $65 million construction of the Mobley Natural Gas Processing Plant in Mannington, West Virginia.

Other companies featured: Chesapeake Energy Corporation (NYSE:CHK), Rex Energy Corporation (NASDAQ:REXX), ExxonMobil Corporation (NYSE:XOM), Range Resources' (NYSE:RRC)

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