By OGJ editors
HOUSTON, Sept. 21 -- MarkWest Energy Partners LP, Denver, agreed to buy the Javelina Co. gas processing and fractionation plant in Corpus Christi, Tex., from El Paso Corp., Kerr McGee Corp., and Valero Energy Corp. for $355 million.
El Paso and Kerr McGee each owns a 40% stake in the plant, while Valero Energy Corp. owns 20%. MarkWest plans to own 100% of the plant subject to regulatory approvals and closing, expected in the fourth quarter.
The gas processing facility gathers, treats, and processes off-gas streams from six refineries in the Corpus Christi area. The Javelina plant processes 125-130 MMcfd of inlet gas, and it has a capacity of 142 MMcfd.
