HARVEST MIDSTREAM ACCELERATES EXPANSION WITH $1 BILLION ACQUISITION OF MPLX UINTA AND GREEN RIVER BASIN GAS GATHERING & PROCESSING ASSETS
MPLX LP (NYSE: MPLX) has agreed to sell its natural gas gathering and processing network in the Uinta and Green River basins to Harvest Midstream for $1 billion. The transaction, expected to close in Q4 2025, includes extensive assets across Wyoming, Utah, and Colorado.
The assets comprise approximately 1,500 miles of gas gathering pipelines and significant processing capacity including: 345 million cubic feet per day from the Ironhorse and Stagecoach facilities in the Uinta Basin, and 500 million cubic feet per day from the Blacks Fork and Vermilion facilities in the Green River Basin, plus 10,000 barrels per day of fractionator capacity.
MPLX LP (NYSE: MPLX) ha concordato la vendita della sua rete di raccolta e trattamento del gas naturale nei bacini Uinta e Green River a Harvest Midstream per 1 miliardo di dollari. L'operazione, che dovrebbe concludersi nel quarto trimestre del 2025, include ampi asset distribuiti tra Wyoming, Utah e Colorado.
Gli impianti comprendono circa 1.500 miglia di condotte per la raccolta del gas e rilevanti capacit脿 di trattamento, tra cui: 345 milioni di piedi cubi al giorno provenienti dagli impianti Ironhorse e Stagecoach nel bacino Uinta, e 500 milioni di piedi cubi al giorno dagli impianti Blacks Fork e Vermilion nel bacino Green River, oltre a 10.000 barili al giorno di capacit脿 di frazionamento.
MPLX LP (NYSE: MPLX) ha acordado vender su red de recolecci贸n y procesamiento de gas natural en las cuencas Uinta y Green River a Harvest Midstream por 1.000 millones de d贸lares. La transacci贸n, que se espera cerrar en el cuarto trimestre de 2025, incluye activos extensos en Wyoming, Utah y Colorado.
Los activos comprenden aproximadamente 1.500 millas de tuber铆as de recolecci贸n de gas y una capacidad de procesamiento significativa que incluye: 345 millones de pies c煤bicos por d铆a procedentes de las instalaciones Ironhorse y Stagecoach en la cuenca Uinta, y 500 millones de pies c煤bicos por d铆a de las instalaciones Blacks Fork y Vermilion en la cuenca Green River, adem谩s de 10.000 barriles por d铆a de capacidad de fraccionador.
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頃措嫻 鞛愳偘鞐愲姅 鞎� 1,500毵堨澕鞚� 臧�鞀� 歆戫暕 韺岇澊頂勲澕鞚�瓿� 雼れ潓鞚� 韽暔頃� 靸侂嫻頃� 觳橂Μ 電ル牓鞚� 韽暔霅╇媹雼�: 鞙犾澑韮� 攵勳鞚� Ironhorse 氚� Stagecoach 靹る箘鞐愳劀鞚� 鞚检澕 3鞏� 4,500毵� 鞛呺癌頂柬姼(345 million cubic feet), 攴鸽Π毽矂 攵勳鞚� Blacks Fork 氚� Vermilion 靹る箘鞐愳劀鞚� 鞚检澕 5鞏� 鞛呺癌頂柬姼, 攴鸽Μ瓿� 鞚检澕 10,000氚半煷鞚� 攵勴殟旮� 鞖╇焿.
MPLX LP (NYSE: MPLX) a accept茅 de c茅der son r茅seau de collecte et de traitement du gaz naturel dans les bassins d'Uinta et de Green River 脿 Harvest Midstream pour 1 milliard de dollars. La transaction, attendue au quatri猫me trimestre 2025, inclut d'importants actifs r茅partis au Wyoming, en Utah et au Colorado.
Les actifs comprennent environ 1 500 miles de conduites de collecte de gaz et des capacit茅s de traitement significatives, notamment : 345 millions de pieds cubes par jour provenant des installations Ironhorse et Stagecoach dans le bassin d'Uinta, et 500 millions de pieds cubes par jour des installations Blacks Fork et Vermilion dans le bassin de Green River, ainsi que 10 000 barils par jour de capacit茅 de fractionnement.
MPLX LP (NYSE: MPLX) hat zugestimmt, sein Netz zur Erfassung und Aufbereitung von Erdgas in den Uinta- und Green-River-Becken an Harvest Midstream f眉r 1 Milliarde US-Dollar zu verkaufen. Die Transaktion, die voraussichtlich im vierten Quartal 2025 abgeschlossen wird, umfasst umfangreiche Anlagen in Wyoming, Utah und Colorado.
Die Verm枚genswerte umfassen etwa 1.500 Meilen an Gas-Sammelleitungen und eine bedeutende Aufbereitungskapazit盲t, darunter: 345 Millionen Kubikfu脽 pro Tag aus den Anlagen Ironhorse und Stagecoach im Uinta-Becken sowie 500 Millionen Kubikfu脽 pro Tag aus den Anlagen Blacks Fork und Vermilion im Green-River-Becken sowie 10.000 Barrel pro Tag 贵谤补办迟颈辞苍补迟辞谤-碍补辫补锄颈迟盲迟.
- Strategic divestiture generating $1 billion in proceeds for MPLX
- Transaction allows MPLX to optimize its asset portfolio and potentially redeploy capital to core areas
- Deal expected to close quickly within Q4 2025, providing near-term value realization
- MPLX divesting significant processing capacity of over 845 million cubic feet per day
- Loss of extensive infrastructure footprint spanning 1,500 miles of gathering pipelines
- Reduction in geographic diversification with exit from Uinta and Green River basins
Insights
MPLX is divesting $1B of non-core gas assets, likely strategically positive for capital redeployment while maintaining strong operations.
This
The sale aligns with the industry trend of midstream operators focusing on core assets and basins where they can maximize operational synergies and capital efficiency. For MPLX, this likely represents non-core assets that, while valuable, may not align with their long-term strategic priorities or growth areas.
Most importantly, this transaction provides MPLX with significant capital that can be redeployed toward higher-return opportunities, debt reduction, unit repurchases, or distribution increases. The
The deal size is material but not transformative for MPLX, which has an enterprise value exceeding
While the press release doesn't disclose the multiple at which these assets were sold, typical midstream transactions occur at 6-10x EBITDA. This deal potentially removes approximately
"This acquisition is the beginning of the next chapter of Harvest's ambitious and disciplined growth story," said Jason C. Rebrook, CEO. "We are executing on a long-term vision to build a scaled, resilient midstream network capable of supporting America's energy needs for decades to come 鈥� and these premier MPLX assets fit squarely into that strategy. We look forward to applying our operational expertise, commercial agility, and proven track record to deliver long-term value for our customers."
The
Following closing, Harvest will assume full operational control of the systems, deliver uninterrupted service for existing customers, and aggressively advance its vision of building a best-in-class, diversified midstream enterprise.
About Harvest Midstream:
Harvest Midstream is a
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Email: [email protected]
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FAQ
What assets is MPLX selling to Harvest Midstream in the $1 billion deal?
When will MPLX complete the $1 billion asset sale to Harvest Midstream?
What is the processing capacity of MPLX assets being sold in the Uinta Basin?
What infrastructure is included in MPLX Green River Basin asset sale?
How many miles of pipeline infrastructure is MPLX selling to Harvest?
