Key Developments: MarkWest Energy Partners LP (MWE)

MWE on New York Consolidated

76.26USD
21 Aug 2014
Price Change (% chg)

$-0.22 (-0.29%)
Prev Close
$76.48
Open
$76.52
Day's High
$76.64
Day's Low
$75.65
Volume
857,586
Avg. Vol
984,194
52-wk High
$76.84
52-wk Low
$58.62

Search Stocks

Latest Key Developments (Source: Significant Developments)

MarkWest Energy Partners LP Announces Acquisition Of Granite Wash Assets From Chesapeake Energy Corp's Subsidiary In Texas Panhandle and Western Oklahoma
Wednesday, 8 May 2013 04:05pm EDT 

MarkWest Energy Partners LP announced the execution of definitive agreements to acquire 100% of the ownership interests of certain midstream assets in the Anadarko Basin from a wholly owned subsidiary of Chesapeake Energy Corp, for consideration of $245 million in cash. The transaction closed simultaneously with the execution of the agreements. The acquired assets consist of a 200 million cubic feet per day (MMcf/d) cryogenic gas processing plant (Buffalo Creek Plant) and 22 miles of gas gathering pipeline in Hemphill County, Texas, and approximately 30 miles of rights-of-way associated with the future construction of a high-pressure trunk line. Additional assets consist of an amine treating facility and a 5 mile gas gathering pipeline in Washita County, Oklahoma. The high-recovery Buffalo Creek Plant and associated trunk line are currently under construction and are expected to be placed into service in early 2014. Producing formations in the Anadarko Basin associated with these assets include the highly prolific Granite Wash and Hogshooter formations, and multiple other attractive liquids-rich zones.  Full Article

MarkWest Energy Partners LP Increases Quarterly Cash Distribution
Thursday, 25 Apr 2013 04:14pm EDT 

MarkWest Energy Partners LP announced that Board of Directors declared a cash distribution of $0.83 per common unit for the first quarter of 2013, for an implied annual rate of $3.32 per common unit. The first quarter 2013 distribution represents an increase of $0.04 per common unit, or 5.1%, compared to the first quarter 2012 distribution and an increase of $0.01 per common unit, or 1.2 % compared to the fourth quarter 2012 distribution. The first quarter 2013 distribution is payable May 15, 2013, to unitholders of record on May 7, 2013. The ex-dividend date is May 3, 2013.  Full Article

MarkWest Energy Partners LP Increases Quarterly Cash Distribution
Wednesday, 23 Jan 2013 07:32pm EST 

MarkWest Energy Partners LP announced that the Board of Directors of the General Partner of MarkWest Energy Partners, L.P., declared a cash distribution of $0.82 per common unit for the fourth quarter of 2012, for an implied annual rate of $3.28 per common unit. The fourth quarter 2012 distribution represents an increase of $0.06 per common unit, or 7.9%, compared to the fourth quarter 2011 distribution and an increase of $0.01 per common unit, or 1.2%, compared to the third quarter 2012 distribution. The fourth quarter 2012 distribution is payable February 14, 2013, to unitholders of record on February 6, 2013. The ex-dividend date is February 4, 2013.  Full Article

MarkWest Energy Partners LP Closes Public Offering Of $1.0 Billion Of 4.5% Senior Notes Due 2023
Thursday, 10 Jan 2013 05:24pm EST 

MarkWest Energy Partners LP announced the closing of a public offering of $1,000,000,000 of 4.5% senior unsecured notes due 2023 (the "Notes") priced at par. The Partnership intends to use a portion of the net proceeds from the Notes offering, together with cash on hand resulting in part from its recent equity offerings, to fund the redemption of all of its outstanding 8.75% Senior Notes due 2018, and a portion of its 6.5% Senior Notes due 2021 and 6.25% Senior Notes due 2022, with the balance of such proceeds to be used to fund the Partnership`s capital expenditure program, for general working capital and for other general partnership purposes. Any redemption of these series of senior notes will be made by separate notice to holders of such senior notes and nothing in this press release is intended to constitute such notice. Barclays, BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Natixis, RBC Capital Markets, SunTrust Robinson Humphrey, UBS Investment Bank, US Bancorp, and Wells Fargo Securities acted as joint book-running managers for the Notes offering.  Full Article

MarkWest Energy Partners LP Announces Public Offering Of $1.0 Billion Of Senior Notes
Monday, 7 Jan 2013 07:28am EST 

MarkWest Energy Partners LP announced that they intend to commence a public offering of $1,000,000,000 in aggregate principal amount of senior unsecured notes due 2023. The Partnership intends to use a portion of the net proceeds from the Notes offering, together with cash on hand resulting in part from recent equity offerings, to fund the redemption of all of outstanding 8.75% Senior Notes due 2018, and a portion of 6.5% Senior Notes due 2021 and 6.25% Senior Notes due 2022, with the balance of such proceeds to be used to fund the Partnership's capital expenditure program, for general working capital and for other general partnership purposes. Barclays, BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Natixis, RBC Capital Markets, SunTrust Robinson Humphrey, UBS Investment Bank, US Bancorp, and Wells Fargo Securities are acting as joint book-running managers for the Notes offering.  Full Article

MarkWest Energy Partners LP Announces Closing Of Public Offering Of Common Units
Monday, 19 Nov 2012 12:33pm EST 

MarkWest Energy Partners LP announced the closing of its previously announced public offering of 9,775,000 common units at $46.50 per common unit, which includes 1,275,000 common units purchased pursuant to the full exercise of the underwriters` option to purchase additional common units. MarkWest intends to use the net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, of approximately $437.2 million to fund its capital expenditure program, for general working capital and for other general partnership purposes. Citigroup, BofA Merrill Lynch, Barclays, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, J.P. Morgan and RBC Capital Markets are acting as joint book-running managers for the offering.  Full Article

MarkWest Energy Partners LP Announces Pricing of Public Offering of Common Units
Tuesday, 13 Nov 2012 05:30pm EST 

MarkWest Energy Partners LP announced that it priced a public offering of 8,500,000 common units at $46.50 per common unit. MarkWest has granted the underwriters a 30-day option to purchase up to 1,275,000 additional common units if the underwriters sell more than 8,500,000 common units in the offering. MarkWest intends to use the net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, of approximately $380.2 million, and any additional net proceeds from the exercise of the underwriters’ option, to fund its capital expenditure program, for general working capital and for other general partnership purposes. Citigroup, BofA Merrill Lynch, Barclays, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, J.P. Morgan and RBC Capital Markets are acting as joint book-running managers for the offering.  Full Article

MarkWest Energy Partners LP Announces Public Offering of Common Units
Monday, 12 Nov 2012 04:06pm EST 

MarkWest Energy Partners LP announced that it is commencing a public offering of 8,500,000 common units. MarkWest intends to grant the underwriters a 30-day option to purchase a maximum of 1,275,000 additional common units if the underwriters sell more than 8,500,000 common units in the offering. MarkWest intends to use the net proceeds from the offering and from any exercise of the underwriters` option to purchase additional common units to fund its capital expenditure program, for general working capital and for other general partnership purposes. itigroup, BofA Merrill Lynch, Barclays, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, J.P. Morgan and RBC Capital Markets are acting as joint book-running managers for the offering.  Full Article

MarkWest Energy Partners LP Announces Third Quarter Distribution
Wednesday, 7 Nov 2012 04:02pm EST 

MarkWest Energy Partners LP announced a third quarter distribution of $95.3 million, or $0.81 per common unit, will be paid to unitholders on November 14, 2012. The third quarter 2012 distribution represents an increase of $0.01 per common unit, or 1.3%, over the second quarter 2012 distribution and an increase of $0.08 per common unit, or 11.0%, over the third quarter 2011 distribution.  Full Article

MarkWest Energy Partners LP Declares Cash Distribution
Thursday, 25 Oct 2012 08:00am EDT 

MarkWest Energy Partners LP announced that the Board of Directors have declared a cash distribution of $0.81 per common unit for the third quarter of 2012, for an implied annual rate of $3.24 per common unit. The third quarter 2012 distribution represents an increase of $0.08 per common unit, or 11%, compared to the third quarter 2011 distribution and an increase of $0.01 per common unit, or 1.3%, compared to the second quarter 2012 distribution.  Full Article

MarkWest Pennsylvania natgas plant returns to service

July 23 - MarkWest Energy Partners LP's Plant III at its Houston natural gas processing and fractionation complex in Washington County, Pennsylvania, has returned to service after nearly two months, the company said.

Search Stocks