Processing & Fractionation
Antero Midstream formed a 50/50 joint venture with MPLX (NYSE: MPLX) for processing and fractionation infrastructure in the core of the liquids-rich Marcellus and Utica Shales in December 2016. Antero Midstream contributed 195,000 gross acres of its liquids-rich dedication in West Virginia and will invest an expected $800 million over the next four years. MPLX already processes all of Antero Resources’ liquids-rich gas through its plants at the Sherwood Complex in West Virginia and the Seneca Complex in Ohio. The Joint venture is based on the addition of five 200 MMcf/d processing plants at the Sherwood Complex, six 200 MMcf/d processing plants at a new site to be determined in West Virginia and the currently in-service 60,000 Bbl/d Hopedale 3 fractionation plant in Ohio. Antero Midstream will own 50% of the new processing facilities and 33% of the Hopedale 3 Fractionation facility.
The processing and fractionation joint venture is another example of how Antero Midstream intends to expand its business through a focus on “full value chain organic growth” across the midstream sector in Appalachia.
- Areas of Operation: West Virginia and Ohio.
- 50% JV interest in 5 processing plants to be built at Sherwood Complex in WV.
- 50% JV interest in 6 processing plants to be built at a new site in WV.
- 33% JV interest in 60,000 Bbl/d Hopedale 3 fractionation plant in OH.