According to news sources, MPLX Pipeline Holdings is set to purchase the Ozark pipeline for US$220 million., subject to regulatory approvals. The deal is scheduled for closure in 1Q17.
Starting in Wood River (Oklahoma) and terminating in Cushing (Illinois), the Ozark pipeline is a 22 in., 433 mile crude oil pipeline with a capacity of 230 000 bpd. The company plans increase the pipeline's capacity to 345 000 bpd by the 2Q18.
According to Natural Gas Intel: “The acquisition is designed to add supplies from Cushing hub to MPLX's extensive existing pipelines in the Midwest.”
