Mplx

Marathon Petroleum Corp. outlined a $4.2 billion 2016 capital investment plan at an investor meeting on Thursday, just two days after the company said MarkWest Energy Partners LP unitholders overwhelmingly approved a merger with MPC’s master limited partnership (MLP), MPLX LP.

After weeks of growing uncertainty about whether it would happen as stagnant commodity prices have taken a bite out of the companies’ market values, MarkWest Energy Partners LP’s unitholders on Tuesday overwhelmingly approved a merger with Marathon Petroleum Corp.’s (MPC) master limited partnership (MLP), MPLX LP.

Marathon Petroleum Corp. (MPC) is adding $400 million to the cash consideration payable to MarkWest Energy Partners LP unitholders in a proposed merger with MPC’s midstream master limited partnership, MPLX LP.

Marathon Petroleum Corp.'s (MPC) midstream master limited partnership, MPLX LP, has agreed to acquire MarkWest Energy Partners LP for roughly $15.8 billion in a deal that could double MarkWest's growth profile over the next five years.

Marathon Petroleum Corp.'s (MPC) midstream master limited partnership, MPLX LP, has agreed to acquire…

Marathon Petroleum Corp.’s (MPC) midstream master limited partnership, MPLX LP, has agreed to acquire MarkWest Energy Partners LP for roughly $15.8 billion in a deal that could double MarkWest’s growth profile over the next five years.

Marathon Petroleum Corp.’s (MPC) midstream master limited partnership, MPLX LP, has agreed to acquire MarkWest Energy Partners LP for roughly $15.8 billion in a deal that could double MarkWest’s growth profile over the next five years.