Thursday, August 13, 2015

Expanded Dry Gas Gathering System in Utica Shale Play


MarkWest, EMG expanding Utica gas-gathering capabilities via new $1 billion projectMarkWest Energy Partners and The Energy & Minerals Group (EMG) late Wednesday announced development of a new $1 billion dry gas gathering system in the Utica Shale, Kallanish reports.The system will be underpinned by a long-term, fee-based contract with Ascent Resources–Utica, a subsidiary of former Chesapeake Energy CEO And co-founder Aubrey McClendon’s Ascent Resources. The producer has dedicated roughly 100,000 acres in northern Belmont and Jefferson counties, Ohio, to the system.Dry-gas production from Ascent’s acreage is expected to support the system’s initial growth; however, the new system will also gather dry gas from other producers, according to the partners.“Our system will be a critical new gathering option, and we anticipate total investment could exceed $1 billion over the next three years,” said Frank Semple, MarkWest CEO.The system will be designed to gather more than 2 bi
http://www.shaledirectories.com/blog/expanded-dry-gas-gathering-system-in-utica-shale-play/

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