The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
Weekly Digest
New new contracts, summarized for you
Straight to Inbox
No login, no app to check — it comes to you
Contract Trends
See who's moving and how much in your market
No credit card required Weekly contract digest
MPLX Agrees to Acquire Remaining 55% Interest in BANGL for $715 Million
Mar 02, 2025•over 1 year ago
Contract Type
partnership
FindlayEnergyOil And Gas
Description
MPLX, a high-octane income investment, has agreed to acquire the remaining 55% interest in BANGL for $715 million. The BANGL pipeline system currently transports 250,000 barrels of natural gas liquids per day and MPLX is expanding the pipeline's capacity to 300,000 barrels per day.
Company Information
Company
MPLX
Location
Findlay, Ohio, United States
About
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com.
FindlayEnergyOil And Gas