MPLX LP to Acquire Northwind Midstream, Enhancing Permian Natural Gas and NGL Value Chains
1. MPLX acquires Northwind for $2.375 billion, financing through debt. 2. Transaction expected to boost distributable cash flow immediately. 3. Acquisition provides access to substantial sour gas resources in New Mexico. 4. Expansion will enhance MPLX's natural gas capacity to 440 MMcf/d by 2026. 5. MPLX is positioned for growth with increased market presence in the Permian.