MPLX LP management said development costs in the Permian Basin and Marcellus Shale remain conducive for drilling activity, and the long-term production outlook for its producer customers provides the midstream company with a steady source of growth opportunities.

MPLX is progressing on its 2023 capital spending programs, which include allocations of $800 million for growth and $150 million for maintenance on natural gas, crude and natural gas liquids (NGL) projects, mainly in the two large basins.

“We remain really bullish in the Permian,” said MPLX CFO John Quaid. 

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s Daily Gas Price Index]

In the Logistics and Storage business unit, MPLX has seen strong demand for...