MPLX “Sweet Spot” is Processing M-U Rich Gas and Producing NGLs
In late 2015, MPLX (i.e., Marathon Petroleum) bought out and merged with 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 the Bakken Shale, in addition to the Marcellus/Utica. However, the company's first love, Marcellus/Utica, still plays a starring role. Greg Floerke, the executive vice president and COO of MPLX, sat for an interview with Hart Energy editorial director Jordan Blum at the company's recent DUG Appalachia event in Pittsburgh.
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