M&A Deal Summary

MarkWest Energy Partners Acquires EQT Kentucky Natural Gas Processing Complex

On January 4, 2011, MarkWest Energy Partners acquired oil/gas exploration company EQT Kentucky Natural Gas Processing Complex from EQT for 230M USD

Acquisition Highlights
  • This is MarkWest Energy Partners’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is MarkWest Energy Partners’ largest (disclosed) transaction.
  • This is MarkWest Energy Partners’ 3rd transaction in the United States.
  • This is MarkWest Energy Partners’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2011-01-04
Target EQT Kentucky Natural Gas Processing Complex
Sector Oil/Gas Exploration
Buyer(s) MarkWest Energy Partners
Sellers(s) EQT
Deal Type Divestiture
Deal Value 230M USD

Target

EQT Kentucky Natural Gas Processing Complex

Kentucky, United States
EQT Kentucky Natural Gas Processing Complex includes a 100 million cubic feet per day (MMcfd) cryogenic processing plant, a 75 MMcfd refrigeration processing plant, and approximately 28,000 horsepower of compression.

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Buyer(S) 1

Buyer

MarkWest Energy Partners

Denver, Colorado, United States

website


Category Company
Founded 1988
Sector Energy Services and Equipment
Employees1,404
Revenue 2.2B USD (2014)
DESCRIPTION

MarkWest Energy Partners L.P. is a master limited partnership that owns and operates midstream service businesses. MarkWest Energy Partners was founded in 1988 and is based in Denver, Colorado.


DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Arkoma Pipeline Partners

Bennington, Oklahoma, United States

Arkoma Pipeline Partners, LLC owns a 50% interest in the Arkoma Connector Pipeline. The Arkoma Connector is a 50-mile pipeline connecting gas produced in the Woodford Shale to the Mid-Continent Express and Gulf Crossing pipelines. The Pipeline, which begins commercial operations in June 2009, is expected to have an initial throughput capacity of 580 MMcf/d.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 MarkWest Energy Partners - Javelina Facility

Corpus Christi, Texas, United States

MarkWest Energy Partners' Javelina Facility is a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries, creating purity products that are then sold to local markets on behalf of its refiner-customers.

Sell -

Seller(S) 1

SELLER

EQT

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees744
Revenue 12.1B USD (2022)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was incorporated in 1878 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 9
Sector (Oil/Gas Exploration) 1 of 5
Type (Divestiture) 2 of 6
State (Kentucky) 1 of 1
Country (United States) 2 of 9
Year (2011) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-30 NORESCO

Westborough, Massachusetts, United States

NORESCO LLC is an energy service company. The Company provides comprehensive energy-management related design, construction, financing and operations solutions for capital projects in the education, institutional, government, public housing, healthcare, commercial, and industrial sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Chesapeake Marcellus Acreage and Wells

Pennsylvania, United States

Chesapeake Marcellus Acreage and Wells comprises roughly 99,000 net acres in southwestern Pennsylvania and 10 horizontal Marcellus wells.

Buy $113M