MPLX (MarkWest) Expands in Marcellus/Utica in 2022, New De-ethanizer

In late 2015 MPLX (i.e. Marathon Petroleum) bought out and merged in the Utica Shale's premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The "new" MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian Basin and in the Bakken Shale, in addition to the Utica/Marcellus. Last week MPLX issued its fourth quarter and full-year 2021 update. Among the good news is that MPLX will increase spending in 2022, and some of the increase will go to projects in the M-U.

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