MPLX LP - Unit

Description

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates through Logistics and Storage; and Gathering and Processing segments. The company engages in gathering, processing, and transportation of natural gas; the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products. The company's assets included approximately 2,900 miles of crude oil and refined product pipelines across 9 states; interest in butane cavern located in Neal, West Virginia with approximately 1,000 thousand barrels of storage capacity. In addition, the company operates crude oil and product pipelines owned by third parties. Further, it engages in inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and U.S. Gulf Coast regions through inland marine vessels. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is based in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.