MPLX LP (MPLX)

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products. MPLX LP also 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. As of December 31, 2017, its assets included 1,613 miles and 2,360 miles of owned or leased and operated crude oil and product pipelines; partial ownership in 2,194 miles and 1,917 miles of crude oil and products pipelines; and a barge dock facility with approximately 78 thousand barrels per day (mbpd) of crude oil throughput capacity; crude oil and product storage facilities with approximately 18,642 thousands of barrels (mbbls) of available storage capacity. The company's assets also comprised 9 butane and propane storage caverns with approximately 2,755 mbbls of NGL storage capacity; 59 light products terminal facilities, 1 leased terminal, and partial ownership in 2 terminals, with a combined total shell capacity of approximately 23.8 million barrels; 18 tow boats and 232 barges; and gathering and processing infrastructure, with approximately 5.9 one billion cubic feet of natural gas per day (bcf/d) of gathering capacity, 8.0 bcf/d of natural gas processing capacity, and approximately 610 mbpd of fractionation capacity. MPLX GP LLC acts as the general partner of MPLX LP. MPLX LP was founded in 2012 and is based in Findlay, Ohio.