MPLX LP management said its 2024 growth outlook is anchored in the Permian Basin and Marcellus Shale, which provide steady sources of opportunities, particularly around natural gas and natural gas liquids (NGL) assets. It also sees potential in the Utica Shale.

“We plan to continue growing these operations through organic projects, investment in our Permian joint ventures and fold-on opportunities,” said CEO Mike Hennigan.

The United States is a low-cost producer of energy fuels needed globally. “We expect strong demand for hydrocarbons will support growth across our asset footprint,” Hennigan said.

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