MPLX LP to Buy Northwind Midstream in $2.38 Billion Deal to Expand Permian Basin Footprint

(Reuters) – MPLX LP said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash to expand its sour gas gathering and processing footprint in the Permian Basin, as producers ramp up drilling in New Mexico. Northwind, backed by Five Point Infrastructure, operates in Lea County, New Mexico, and has more than 200,000 … Read more