MarkWest JV To Build Utica Plants For Gulfport Gas

Law360, New York (March 7, 2012, 5:40 PM EST) -- A private equity-backed affiliate of midstream gas company MarkWest Energy Partners LP will build processing plants in eastern Ohio to handle gas and oil from Gulfport Energy Corp.'s Utica Shale holdings, the company said Wednesday.

The deal is the latest to bring together a gas producer and a pipeline company as drillers seek to drive down processing costs and maximize the value of any oil and natural gas liquids that bubble up alongside cheaper gas.

Gulfport, which has quietly bought up 62,000 acres in eastern Ohio,...
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