July 2012, Vol. 239 No. 7

In The News

Rex Energy Closes Midstream Asset Sale

Rex Energy Corp. of State College, PA, together with its partners in Keystone Midstream Services, LLC, has closed on the sale of Keystone to a subsidiary of MarkWest Energy Partners L.P. The sale includes two cryogenic gas processing plants, the Sarsen Plant and newly commissioned Bluestone Plant, with a combined 90 MMcf/d of capacity, a gas gathering system and associated field compression in Butler County, PA.

Simultaneous with the closing, affiliates of Rex Energy and its non-operating partner, Sumitomo Corp., entered into a long-term gathering, processing and NGL fractionation arrangement with MarkWest.