MPLX to Fully Acquire BANGL Pipeline, Boost Permian Basin NGL Capacity

MPLX LP (MPLX) has announced the acquisition of the remaining interest in BANGL LLC from the affiliates of WhiteWater and Diamondback Energy. The deal involves acquiring the remaining 55% interest in BANGL, following which MPLX will take complete ownership of the NGL pipeline. The deal has been valued at $715 million.The NGL pipeline has a transportation capacity of 250,000 barrels per day (bbl/d), bringing the Permian production from West Texas to the Gulf Coast facilities. Currently, the capacity of the B ...