Post Tagged with: "MPLX"

Source: WhiteWater Midstream

Whistler Pipeline Project Reaches FID

Multifaceted partnership will proceed with design and construction
A partnership involving several midstream companies and private equity firms has reached a final investment decision for the Whistler pipeline project, expected to run 475 miles and transport approximately 2 billion cubic

Crimson Midstream, MPLX Extend Open Season for Swordfish Pipeline to Align with Capline Reversal and Scaled Up LOOP Export Capacity

Crimson Midstream, MPLX Extend Open Season for Swordfish Pipeline to Align with Capline Reversal and Scaled Up LOOP Export Capacity

Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline to Align with Capline Reversal Open Season

January 31, 2019 - 7:13 am Closing Bell Story‎, Press Releases
Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …

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Rex Energy Announces New CFO

Marathon, TORC also announce changes

Rex Energy Corporation (ticker: REXX) announced today that it has appointed Curt Walker, the company’s current chief accounting officer, to the position of CFO, effective immediately.

Walker will be responsible for all financial, accounting and …

Enbridge Line 3 pipeline construction, in Hardisty, Alta., on Thursday August 3, 2017.THE CANADIAN PRESS/Jason Franson

Enbridge and Spectra Energy Eliminate Incentive Distribution Rights

Enbridge Inc. (ticker: ENB) and Spectra Energy Partners, LP (ticker: SEP) announced today their execution of a definitive agreement resulting in Enbridge converting all of its incentive distribution rights (IDRs) and general partner (GP) economic interests in Spectra Energy Partners …

Former MarkWest CEO John M. Fox to Marathon and MPLX: Your Multiple is Over the Top

Former MarkWest CEO John M. Fox to Marathon and MPLX: Your Multiple is Over the Top

Stated target value to eliminate Incentive Distribution Rights (IDRs) is in question: Fox says that Marathon Petroleum’s 15x – 20x multiple for elimination of IDRs will damage MPLX unitholders, including MPC, the largest MPLX unitholder

John M. Fox, co-founder and …

Marathon Drops Down Assets to MPLX for $1.05 Billion Cash and Equity

Marathon Drops Down Assets to MPLX for $1.05 Billion Cash and Equity

On September 1, 2017, Marathon Petroleum Corp. (ticker: MPC) contributed its joint-interest ownership of pipelines and storage facilities to MPLX, LP (ticker: MPLX), Marathon’s infrastructure arm. The assets are valued at $1.05 billion, Marathon said in a press release.

The …

MPLX LP Reports First Quarter 2016 Financial Results

MPLX LP Reports First Quarter 2016 Financial Results

  • Reported first-quarter adjusted EBITDA of $302 million; distributable cash flow of $236 million
  • Declared distribution of $0.505 per common unit, a 23 percent increase over first-quarter 2015
  • Announced a $1 billion private placement of convertible preferred securities with third-party investors
MarkWest Energy: Anatomy of a Bad Deal

MarkWest Energy: Anatomy of a Bad Deal

MarkWest Energy:  Sold.  “For Pennies on the Dollar.”  Unitholders Say “No” on Management Bonus Payments

MarkWest Energy Partners (ticker: MWE) distributed a news release announcing that unitholders approved the merger with MPLX (ticker: MPLX), an MLP created by Marathon Petroleum …