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MarkWest Energy Partners, LP (MWE)
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MWE » Topics » 7. Properties, plant and equipment

This excerpt taken from the MWE 8-K filed Mar 14, 2008.

7. Properties, plant and equipment

        Property, plant and equipment consist of the following (in thousands):

 
   December 31,
  
 
   2007
   2006
  
Gas gathering facilities   $ 596,627   $ 289,586  
Gas processing plants     213,487     217,080  
Fractionation and storage facilities     24,266     23,470  
Natural gas pipelines     42,347     42,361  
Crude oil pipelines     19,113     19,114  
NGL transportation facilities     4,676     5,326  
Furniture, office equipment and other     2,672     2,641  
Land, building and other equipment     21,428     20,705  
Construction in progress     51,553     42,323  
   
 
 
  Property, plant and equipment     976,169     662,606  
  Less: Accumulated depreciation     (145,360 )   (108,271 )
   
 
 
  Total property, plant and equipment, net   $ 830,809   $ 554,335  
   
 
 

        The Company capitalizes interest on major projects during construction. For the years ended December 31, 2007, 2006, and 2005, the Company capitalized interest of $3.3 million, $0.9 million and $2.1 million, respectively.

This excerpt taken from the MWE 10-K filed Nov 5, 2007.

6. Properties, Plant and Equipment

        Property, plant and equipment consist of (in thousands):

 
   December 31,
  
 
   2006
   2005
  
Gas gathering facilities   $ 289,586   $ 212,042  
Gas processing plants     217,080     213,943  
Fractionation and storage facilities     23,470     22,882  
Natural gas pipelines     42,361     42,246  
Crude oil pipelines     19,113     19,070  
NGL transportation facilities     5,326     4,433  
Land, building and other equipment     16,871     10,987  
Construction-in-progress     41,942     41,491  
   
 
 
      655,749     567,094  
Accumulated depreciation     (104,863 )   (74,133 )
   
 
 
Total property, plant and equipment, net   $ 550,886   $ 492,961  
   
 
 

        The Partnership capitalizes interest on major projects during construction. For the years ended December 31, 2006 and 2005, the Partnership capitalized interest of $0.9 million and $2.1 million, respectively.

    Woodford gathering system

        In late 2006 the Partnership began the construction and operation of the Woodford gathering system and compression system to support wells in a 200-square-mile project area situated in a four-county region in the Arkoma Basin in eastern Oklahoma. As of December 31, 2006, the Partnership invested capital of $21.6 million.

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EXCERPTS ON THIS PAGE:

8-K
Mar 14, 2008
10-K
Nov 5, 2007

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