Mplx

The Marcellus Shale and Permian Basin remain growth areas for MPLX LP, but the operator plans to put more of an emphasis on “strict” capital and cost discipline going forward as uncertainty regarding the Covid-19 pandemic lingers. CEO Michael Hennigan said the midstream giant is targeting only $800 million in growth capital spending in 2021,…

San Antonio-based Howard Energy Partners (HEP) has agreed to acquire a refinery services facility in Corpus Christi, TX, from a subsidiary of MPLX LP, management announced Tuesday. HEP has executed an agreement to acquire the Javelina Facility, a treating and fractionation plant capable of extracting natural gas liquids, as well as olefins and hydrogen, from…

In an ongoing effort to optimize capital spending amid the weak oil price environment, MPLX LP brought online the first segment of the Wink-to-Webster pipeline to ultimately transport more than 1 million b/d of Permian Basin crude to the Houston area. The main segment of the 650-mile pipeline was commissioned in October, and service is…

MPLX LP is gauging shipper interest in 11,000 b/d of incremental firm priority crude transport capacity from Wyoming to Utah. The open season, which runs through noon on Oct. 23, is for an expansion of the SLC Core Pipeline system and would move Denver-Julesburg Basin crude from Fort Laramie Station, WY, to Wahsatch Station, UT.…

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

With new leadership at the top, MPLX LP on Thursday outlined plans to continue pursuing its integrated crude oil and natural gas conduit from the Permian Basin to the Gulf Coast, bankrolled with a proposed $2 billion capital expenditure (capex) program next year.

Marathon Petroleum Corp. Chairman and CEO Gary Heminger, 66, plans to step down in 2020 after more than eight years at the helm to assuage the concerns of activist investors.

Marathon Petroleum Corp.’s two master limited partnerships (MLP) MPLX LP and Andeavor Logistics LP agreed Wednesday to combine in a transaction with an estimated equity value of $9 billion to enhance midstream prospects across the Lower 48.