Marcellus Shale Compression Assets Sold
Monday, November 26, 2012
Crestwood Midstream Partners, operator and 35% owner of Crestwood Marcellus Midstream (CMM), has bought Marcellus Shale gas compression and dehydration assets from Enerven Compression for US$95 million.
The assets, on CMM’s gathering systems in Harrison and Doddridge counties, West Virginia, serve the Marcellus Shale development of Antero Resources Appalachian Corp. They consist of four compression and dehydration stations comprised of 31 two- and three-stage recips and 10 glycol dehydration units.
The compressor stations receive Antero's gas production from CMM’s low pressure gathering facilities for redelivery to downstream high-pressure pipelines and processing plants. The stations total 43,100 hp (32 MW) of compression with a capacity of 295 MMcfd (8.3 x 106 m3/d).
CMM said all of the Enerven compressor stations are being fully utilized with ongoing projects to expand two of the four stations by 25 MMcfd (708 x 103 m3/d). Some Antero gas also is compressed by other firms.
For more information: www.crestwoodlp.com