Utica Build-Out Projects Begin Operations, Provide Connectivity to Midwest Refineries
(Thomson Reuters ONE) -
FINDLAY, Ohio, July 6, 2017 - MPLX LP (NYSE: MPLX) President Michael J. Hennigan
today announced that MPLX's Utica Build-Out projects, including the newly
constructed Harpster to Lima Pipeline, are now fully operational.
"The Utica Build-Out projects are part of MPLX's commitment to provide cost-
effective industry solutions through expansion of existing pipelines and
construction of new pipelines to meet the needs of Utica and Marcellus shale
producers," said Hennigan. "The Cornerstone Pipeline and the Utica Build-Out
pipelines are key liquids pipelines from these shale plays and they now provide
connectivity to refineries throughout the Midwest."
The new 49-mile Harpster to Lima Pipeline is designed to transport condensate
and natural gasoline in a batched system from Harpster, Ohio, to a tank farm in
Lima, Ohio, where it can then continue on to refineries in Ohio, Michigan,
Indiana, and Illinois. As part of the Utica Build-Out scope, MPLX has also
expanded capacity of two product pipelines, including the East Sparta to Heath
and Heath to Harpster pipelines to deliver into the new pipeline at Harpster. In
December 2016, MPLX reversed the RIO 8-inch pipeline to provide further
distribution to the Midwest from Lima. MPLX is currently constructing additional
connectivity and expanding pipelines to provide diluent service to western
Canada, which is expected to be complete in 2017.
"The Utica Build-Out projects are the next step of our Utica shale strategy,"
Hennigan added. "MPLX now offers connectivity to the Midwest, and these projects
support our plans to also serve the diluent market in Canada."
The East Sparta to Heath Pipeline is an 81 mile, 8-inch pipeline. The Heath to
Harpster Pipeline is a 67 mile, 10-inch pipeline. The Harpster to Lima Pipeline
is a 49-mile, 12-inch pipeline. All three pipelines now have a capacity of
50,000 barrels per day. Marathon Pipe Line LLC, a subsidiary of MPLX, will
operate these pipelines from its operations center in Findlay, Ohio, and with
local operational personnel.
# # #
About MPLX LP
MPLX is a diversified, growth-oriented master limited partnership formed in
2012 by Marathon Petroleum Corporation to own, operate, develop and acquire
midstream energy infrastructure assets. We are engaged in the gathering,
processing and transportation of natural gas; the gathering, transportation,
fractionation, storage and marketing of NGLs; and the transportation, storage
and distribution of crude oil and refined petroleum products. Headquartered in
Findlay, Ohio, MPLX's assets consist of a network of crude oil and products
pipeline assets located in the Midwest and Gulf Coast regions of the United
States; 62 light-product terminals with approximately 24 million barrels of
storage capacity; an inland marine business; storage caverns with approximately
2.8 million barrels of storage capacity; crude oil and product storage
facilities (tank farms) with approximately 5 million barrels of available
storage capacity; a barge dock facility with approximately 78,000 barrels per
day of crude oil and product throughput capacity; and gathering and processing
assets that include more than 5,600 miles of gas gathering and NGL pipelines,
55 gas processing plants, 14 NGL fractionation facilities and two condensate
stabilization facilities.
Investor Relations Contacts:
Lisa Wilson (419) 421-2071
Denice Myers (419) 421-2965
Doug Wendt (419) 421-2423
Media Contacts:
Chuck Rice (419) 421-2521
Jamal Kheiry (419) 421-3312
Forward-looking Statements
This press release contains forward-looking statements within the meaning of
federal securities laws regarding MPLX LP ("MPLX"). These forward-looking
statements relate to, among other things, expectations, estimates and
projections concerning the business and operations of MPLX. You can identify
forward-looking statements by words such as "anticipate," "believe," "design,"
"estimate," "expect," "forecast," "goal," "guidance," "imply," "intend,"
"objective," "opportunity," "outlook," "plan," "position," "pursue,"
"prospective," "predict," "project," "potential," "seek," "strategy," "target,"
"could," "may," "should," "would," "will" or other similar expressions that
convey the uncertainty of future events or outcomes. Such forward-looking
statements are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond MPLX's control and are
difficult to predict. Factors that could cause MPLX's actual results to differ
materially from those implied in the forward-looking statements include: our
ability to achieve the strategic and other objectives related to the
transactions described herein; the adequacy of MPLX's capital resources and
liquidity, including, but not limited to, availability of sufficient cash flow
to pay distributions, and the ability to successfully execute its business plans
and growth strategy; the timing and extent of changes in commodity prices and
demand for crude oil, refined products, feedstocks or other hydrocarbon-based
products; continued/further volatility in and/or degradation of market and
industry conditions; changes to the expected construction costs and timing of
projects; completion of midstream infrastructure by competitors; disruptions due
to equipment interruption or failure, including electrical shortages and power
grid failures; compliance with federal and state environmental, economic, health
and safety, energy and other policies and regulations and/or enforcement actions
initiated thereunder; changes to MPLX's capital budget; other risk factors
inherent to MPLX's industry; and the factors set forth under the heading "Risk
Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2016,
filed with the Securities and Exchange Commission ("SEC"). In addition, the
forward-looking statements included herein could be affected by general domestic
and international economic and political conditions. Unpredictable or unknown
factors not discussed here or in MPLX's Form 10-K could also have material
adverse effects on forward-looking statements. Copies of MPLX's Form 10-K are
available on the SEC website, MPLX's website at http://ir.mplx.com or by
contacting MPLX's Investor Relations office.
Utica Build-out operational:
http://hugin.info/155038/R/2118585/806804.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MPLX LP via GlobeNewswire
Datum: 06.07.2017 - 13:59 Uhr
Sprache: Deutsch
News-ID 551326
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contact information:
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