MPLX LP Announces Agreement to Acquire Remaining 55% Interest in BANGL, LLC, Advancing NGL Wellhead to Water Strategy
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MPLX LP has announced an agreement to acquire the remaining 55% interest in BANGL, LLC for $715 million, with potential earnout payments. This move is part of MPLX's strategy to enhance its NGL wellhead to water operations.
February 28, 2025 | 12:15 pm
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MPLX LP is acquiring the remaining 55% interest in BANGL, LLC for $715 million, with potential earnout payments. This acquisition supports MPLX's strategy to enhance its NGL operations.
The acquisition of the remaining interest in BANGL, LLC is a strategic move for MPLX to strengthen its NGL operations. The $715 million deal, along with potential earnout payments, indicates a significant investment in expanding their capabilities. This is likely to positively impact MPLX's stock price in the short term as it aligns with their growth strategy.
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