Reported 2 days ago
Harvest Midstream, founded by billionaire Jeff Hildebrand, is set to purchase $1 billion in natural gas gathering and processing assets from MPLX. The deal expands Harvest's operations into the Uinta and Green River shale basins and includes 1,500 miles of pipelines and significant processing capacity. The transaction is expected to finalize in the fourth quarter of this year, while MPLX shifts focus to investment in the Permian Basin.
Source: YAHOO