MPLX LP

MPLX is a diversified master limited partnership formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. It gathers, processes, and transports natural gas; gathers, transports, fractionates, stores and markets natural gas liquids (NGLs); and transports, stores and distributes crude oil and refined petroleum products. Headquartered in Findlay, Ohio, MPLX's assets consist of a network of crude oil and products pipeline assets located in the Midwest and Gulf Coast regions of the United States. It owns and operates light-product terminals, an inland marine business, storage caverns, crude oil and product storage facilities (tank farms), a barge dock facility, and gathering and processing assets.MPLX went public in 2012. Marathon Petroleum Corporation and MPLX completed another large drop-down deal in 2017, whereby MPLX paid $8.1 billion to obtain refining logistics assets and fuels distribution services from MPC. The transaction increased by 50% the size of MPLX's balance sheet.

Pipeline Transportation of Crude Oil; Other Pipeline Transportation; Pipeline Transportation; Transportation and Warehousing

Crude Petroleum Pipelines; Pipelines, Except Natural Gas; Transportation and Public Utilities

$11280M