MPLX Buys Interest In Bakken Pipeline System

2/17/17 – 5:04 A.M.

MPLX has closed a deal to form a joint venture with Houston-based Enbridge Energy Partners to buy an interest a pipeline system. Marathon’s energy and logistics subsidiary is contributing $500 million to the $2 billion price paid by the joint venture.

MPLX paid for the Bakken Pipeline system deal with cash on hand.

About the author  ⁄ Doug Jenkins