Magnum Hunter Resources Corporation announced that it has begun flowing liquids-rich natural gas production to the Mobley gas processing plant located in Wetzel County, West Virginia and owned by MarkWest Energy Partners, via high pressure pipeline owned by our midstream subsidiary, Eureka Hunter Pipeline.
Eureka Hunter is supplying the Mobley processing plant, which is currently operating at approximately 60% utilization, with both Company-owned and third-party natural gas being produced predominately from the Marcellus Shale formation.
Eureka Hunter began flowing approximately 36 mmcfe/d directly to the Mobley Plant with plans to ramp up daily volumes to approximately 100 mmcfe/d over the next six weeks as additional production is brought online.
Eureka Hunter and Triad Hunter have committed to approximately 95% of the 200 mmcfe/d capacity of this new gas processing plant beginning in April 2013. The ability to process Company-owned natural gas now provides a significant increase to the realized price of our liquids produced in this natural gas stream.
[mappress] LNG World News Staff, December 27, 2012; Image: MarkWest Energy