(Source: Shutterstock.com)
MPLX LP expects its processing capacity in the Permian’s Delaware Basin to reach 1.4 Bcf/d due to the near-term rise in throughput volumes at its Preakness ll processing plant coupled with the start of operations at its Secretariat processing plant.
In the Delaware, the 200 MMcf/d Preakness ll processing plant began operations in July, MPLX said during its Aug. 6 second-quarter earnings release. The plant is expected to boost throughput volumes over the next 12 months.
Secretariat, MPLX's seventh processing plant in the Delaware, is expected to come online in the second half 2025, the company said.
In the gathering and processing space, MPLX—a diversified MLP that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services—remains focused on the Permian and the Marcellus Shale in response to producer demand, the company said.
In the Utica Shale, MPLX’s gathering and processing volumes continue to rise, inclusive of assets acquired in March 2024.
Summit Midstream agreed to divest its assets in the Utica Shale to an MPLX subsidiary for $625 million in cash. The March 2024 deal included Summit's 36% interest in the Ohio Gathering Co. and 38% interest in the Ohio Condensate Co., along with other Utica assets.
MPLX was formed by Marathon Petroleum in 2012 as a limited partnership to focus on midstream and logistic infrastructure in key U.S. natural gas basins.
Recommended Reading
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
2025-01-31 - Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
Constellation Bets Big on NatGas in $16.4B Deal for Calpine
2025-01-10 - Constellation Energy will acquire Calpine Corp. in a $26.6 billion deal, including debt, that will give the pure-play nuclear company the largest natural gas power generation fleet.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Petro-Victory Buys Oil Fields in Brazil’s Potiguar Basin
2025-02-10 - Petro-Victory Energy is growing its footprint in Brazil’s onshore Potiguar Basin with 13 new blocks, the company said Feb. 10.
Apollo Funds Acquires NatGas Treatment Provider Bold Production Services
2025-02-12 - Funds managed by Apollo Global Management Inc. have acquired a majority interest in Bold Production Services LLC, a provider of natural gas treatment solutions.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.