Findlay, Ohio-based MPLX said recently it agreed to acquire the remaining 55 percent interest in BANGL pipeline system from affiliates of Midland’s Diamondback Energy and WhiteWater for $715 million. BANGL transports up to 250,000 barrels per day of natural gas liquids from Permian Basin in west Texas to fractionation markets on the Gulf Coast. It currently is being expanded to 300,000 b/d by second half 2026.
Maryann Mannen, president and CEO, said Feb. 28, “With full ownership of BANGL and its expansion opportunities, our growth platform is further improved for the long term as we connect growing NGL production from the Permian Basin to our recently announced Gulf Coast fractionation complex.”
Closing is expected in July.