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0 0.000570613409415008 0.000570613409415008 0.00171184022824523 0.000285306704707504 0.000998573466476365 -0.000427960057061357 -0.00142653352353792
Stock impact report

Ozark Pipeline Expansion: Upside For MPLX And Marathon Petroleum [Seeking Alpha]

MPLX LP Common Units Representing Limited Partner Interests (MPLX) 
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: mplx.com/contact_us/investor_relations
Company Research Source: Seeking Alpha
Summary During the first quarter of 2017, MPLX LP ( MPLX ) agreed to pay Enbridge Inc. ( ENB ) $220 million for the Ozark Pipeline (ultimate figure paid was $219 million due to closing adjustments). The Ozark Pipeline carries crude from the Cushing, Oklahoma oil hub to Patoka, Illinois, another oil hub with growing importance. More importantly, supplies running along the Ozark Pipeline can service Marathon Petroleum Corporation's ( MPC ) various refineries in the Midwest and in Kentucky. Let's dig in. Overview For starters, MPLX LP's purchase of the Ozark Pipeline officially closed on March 1, 2018. Enbridge Pipelines had already secured enough firm commitments to expand the Ozark Pipeline system's capacity from 230,000 bpd to 345,000 bpd, which made the asset more appealing to MPLX. Readers should note MPLX LP is going a step further and will further boost the capacity of the Ozark Pipeline by 15,000 bpd (up to 360,000 bpd). The first expansion has already been comple Show less Read more
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