-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DxBfB5zeGNNs5PQ4D0EkaHrT0gk8iYN/AFYE1yqbj2VXhEZB7Z3YggsraYkwInw7 Rfunn52Kce1CDsBE4d+gtg== 0001104659-03-012187.txt : 20030612 0001104659-03-012187.hdr.sgml : 20030612 20030612151537 ACCESSION NUMBER: 0001104659-03-012187 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030605 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKWEST HYDROCARBON INC CENTRAL INDEX KEY: 0001019756 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 841352233 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14841 FILM NUMBER: 03742145 BUSINESS ADDRESS: STREET 1: 155 INVERNESS DRIVE WEST STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112-5004 BUSINESS PHONE: 3032908700 MAIL ADDRESS: STREET 1: 155 INVERNESS DRIVE WEST STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112-5004 8-K 1 j2022_8k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported) June 5, 2003

 

 

MARKWEST HYDROCARBON, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

1-11566

 

84-1352233

(State or other jurisdiction of

 

(Commission File Number)

 

(I.R.S. Employer

incorporation or organization)

 

 

 

Identification Number)

 

155 Inverness Drive West, Suite 200, Englewood, CO

 

80112-5000

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: 303-290-8700

 

N/A

(Former name or former address, if changed since last report)

 

 



ITEM 5.   OTHER EVENTS AND REQUIRED FD DISCLOSURE

 

On June 5, 2003, MarkWest Hydrocarbon, Inc. issued the press release announcing that it had entered into a definitive Purchase and Sale Agreement with XTO Energy Inc. relating to the sale of MarkWest Hydrocarbon, Inc.’s San Juan Basin oil and gas properties.  A conformed copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.

 

 

ITEM 7.           FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS

 

(a) Financial Statements of Businesses Acquired.

 

N/A

 

(b) Proforma Financial Information.

 

N/A

(c) Exhibits.

 

Exhibit No.

 

Exhibit Description

 

 

 

99.1

 

Press Release dated June 5, 2003.

 

2



SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

MARKWEST HYDROCARBON, INC.

 

 

 

 

(Registrant)

 

 

 

 

 

 

Date: June 12, 2003

 

By

/s/ Donald C. Heppermann

 

 

 

 

Donald C. Heppermann,

 

 

 

 

Senior Vice President and Chief

 

 

 

 

Financial Officer

 

 

3



EXHIBIT INDEX

 

Exhibit No.

 

Exhibit Description

 

 

 

99.1

 

Press Release dated June 5, 2003.

 

4


EX-99.1 3 j2022_ex99d1.htm EX-99.1

Exhibit 99.1

 

MARKWEST HYDROCARBON TO SELL ITS SAN JUAN BASIN

OIL AND GAS PROPERTIES FOR $60.5MM

 

DENVER—June 5, 2003—MarkWest Hydrocarbon, Inc. (AMEX: MWP), today announced that it has entered into a Purchase and Sale Agreement with XTO Energy Inc. (NYSE: XTO) to sell MarkWest’s San Juan Basin oil and gas properties for approximately $60.5 million. The transaction, which involves properties that represent approximately 47 Bcf of proved gas reserves, is effective as of June 1, 2003, and is expected to close by June 30, 2003.

 

MarkWest previously announced that it had engaged a third party to act as financial advisor to assist in soliciting acquisition proposals for certain oil and gas properties. Petrie Parkman & Co. acted as financial advisor to MarkWest.

 

The proceeds from the sale will be used to expand MarkWest’s Canadian drilling program, to repay debt outstanding under its existing bank revolving credit facility, and for general corporate purposes.

 

###

 

MarkWest Hydrocarbon, Inc. (AMEX: MWP), operates in two business segments: exploration and production of natural gas, and midstream services. The exploration and production segment produces natural gas in Alberta, Canada; in the San Juan Basin of Colorado and New Mexico; and in Michigan. In the midstream services segment, which is principally conducted through our 47 percent-owned affiliate, MarkWest Energy Partners, L.P. (AMEX: MWE), we gather natural gas from the wellhead and process the natural gas to remove impurities and the valuable natural gas liquids (NGLs). MarkWest Hydrocarbon markets the NGLs.

 

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ materially are those risks discussed in our Form 10-K for the year ended December 31, 2002, and our Form 10-Q for the period ended March 31, 2003.

 


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