MPLX LP Purchases Stake in Bakken Pipeline System

Posted on

MPLX LP has closed on a previously announced transaction to acquire a partial, indirect equity interest in the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P.

MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75 percent indirect equity interest in the Bakken Pipeline system from Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P.

The contribution with funded with cash on hand.

Find articles with similar topics
,