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MarkWest Pioneer decides not to acquire equity interest in Midcontinent Express Pipeline

Posted on: Tue, 06 Oct 2009 06:37:00 EDT

Symbols: MWE

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Oct 06, 2009 (M2 EQUITYBITES via COMTEX) --
MWE | Quote | Chart | News | PowerRating -- The joint venture between oil and gas master limited partnership
MarkWest Energy Partners LP (NYSE:MWE) and an affiliate of ArcLight
Capital Partners LLC, MarkWest Pioneer LLC, declared on Monday its
decision not to exercise its option for 10% acquisition of Midcontinent
Express Pipeline LLC's equity.

MarkWest's decision is the result of its prioritisation of available
capital for growth projects in its core operating areas.

According to the company, Midcontinent is an important part of the
pipeline infrastructure transporting natural gas from areas in Texas
and Oklahoma, as well as being an interconnect with its Arkoma
Connector Pipeline in Southeast Oklahoma, into the demand markets of
Eastern US.

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