"With full ownership of BANGL and its expansion opportunities, our growth platform is further improved for the long term as we connect growing NGL production from the Permian basin to our recently announced Gulf Coast fractionation complex," said Maryann Mannen, MPLX president and chief executive officer.
The transaction is expected to close in July 2025 and is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Following closing, the BANGL Pipeline will be a wholly owned asset of MPLX and consolidated in MPLX's financial results.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
World Pipelines’ February 2025 issue
The February 2025 issue of World Pipelines includes a keynote section on digitalisation, outlining how to confront cybersecurity challenges in pipeline operations. This issue also features a Q&A on inline inspection, a pipeline machinery focus, and technical articles on construction, flow measurement, weld inspection technology, remote operation, and systems and software.
