MPLX Inks Deal To Divest Rockies Gathering and Processing Assets For $1B To Harvest Midstream
Synopsis
MPLX said that Harvest has contractually agreed to dedicate approximately 12,000 barrels per day of natural gas liquids from these assets to MPLX for a period of seven years, commencing in 2028.
MPLX LP (MPLX) said on Wednesday it has entered into a definitive agreement to divest its Rockies gathering and processing assets to a subsidiary of Harvest Midstream for $1 billion in cash.
The company stated that Harvest has contractually agreed to dedicate approximately 12,000 barrels per day of natural gas liquids from these assets to MPLX for a period of seven years, commencing in 2028, following the expiration of a pre-existing commitment.
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