Another New Gas Pipeline Is Coming to the Permian Basin [The Motley Fool]
MPLX LP Common Units Representing Limited Partner Interests (MPLX)
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am
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Source: The Motley Fool
Another New Gas Pipeline Is Coming to the Permian Basin The Whistler Pipeline is moving forward with different partners. The Permian Basin is one of the largest oil fields in the world. In addition to pumping out millions of barrels of oil each year, the region also produces a significant amount of associated natural gas. In 2018, the Permian contributed 11% of America's total gas output at 10 billion cubic feet per day (Bcf/d). There's plenty more gas on the way as the region's production is on track to more than double by 2025, according to one forecast . That fast pace of growth is fueling the need for gas-related infrastructure, especially long-haul pipelines that move it out of the region. Two major gas pipelines are already under construction, and a third one recently received the green light. These pipelines should be enough to support the region's needs for the next few years, though more gas infrastructure will likely be needed in the future. Last August, several large energy
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MPLX
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MPLX
Earnings
- 1/30/24 - Beat
MPLX
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPLX's page on the SEC website