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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) May 12, 2000 (May 11, 2000)
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)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 303-290-8700
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ITEM 5. OTHER EVENTS
MARKWEST HYDROCARBON, INC.
CHANGES SYMBOL FROM AMEX: NRG TO AMEX: MWP
DENVER -- May 11, 2000 -- MarkWest Hydrocarbon, Inc., today announced
that a new symbol -- MWP -- has been selected for its American Stock Exchange
listing effective Friday, May 12, 2000.
Northern States Power Co. has filed an initial public offering (IPO)
for their unit, NRG Energy Inc., to be traded on the New York Stock Exchange
using our former symbol NRG. NRG will be inactive until NRG Energy's IPO becomes
effective. MarkWest has received an undisclosed monetary compensation for making
this change. Some of the monies will be used to ensure current and prospective
investors are fully informed of the very positive 2000 and 2001 impact resulting
from our profitable growth strategy.
MarkWest has recently completed its Phase I expansion in Appalachia and
expects to begin its Phase II expansion in the third quarter 2000. When both
phases are completed, daily natural gas liquids production will nearly double by
mid-2001 compared to 1999, and fee income will increase substantially. In
addition, MarkWest is currently starting up its Au Gres project in eastern
Michigan, with expansion of this project to be evaluated around year-end 2000.
John Fox, Chief Executive Officer, commented, "While we dislike putting
our shareholders through the inconvenience of changing ticker symbols, we want
to assure you that proceeds from this change will be deployed into the many
promising projects on our `to do list.'"
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MARKWEST HYDROCARBON, INC., PROVIDES NATURAL GAS PROCESSING AND RELATED
SERVICES THROUGH ITS MODERN, EFFICIENT PLANT AND PIPELINE SYSTEMS. INCREASED
DRILLING FOR NATURAL GAS TO MEET EXPANDING DEMAND IS DRIVING GROWTH FOR
MARKWEST'S SPECIALIZED SERVICES. NATURAL GAS PRODUCERS ARE INCREASINGLY
OUTSOURCING THE COMPLEX TASK OF CONVERTING RAW NATURAL GAS PRODUCED AT THE
WELLHEAD TO MARKETABLE NATURAL GAS AND NATURAL GAS LIQUIDS.
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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, thereunto duly authorized.
MARKWEST HYDROCARBON, INC.
(Registrant)
Date: May 12, 2000 BY: /s/ Gerald A. Tywoniuk
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Gerald A. Tywoniuk
Chief Financial Officer and
Vice President of Finance
(On Behalf of the Registrant and as
Principal Financial and Accounting
Officer)
