MPLX to buy remaining interest in BANGL natural gas pipeline for $715 million
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MPLX is acquiring the remaining 55% interest in the BANGL natural gas pipeline for $715 million from affiliates of WhiteWater and Diamondback Energy.
February 28, 2025 | 12:30 pm
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MPLX is set to acquire the remaining 55% interest in the BANGL natural gas pipeline for $715 million, enhancing its asset portfolio in the midstream sector.
The acquisition of the remaining interest in the BANGL pipeline is a strategic move for MPLX, likely to enhance its asset base and operational capabilities in the natural gas sector. This could positively impact MPLX's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100