MPLX sells Uinta and Green River basin gathering and processing assets for $1 billion

Client(s) MPLX LP

Jones Day is advising MPLX LP (NYSE: MPLX) and certain of its affiliates in the $1 billion sale of Uinta and Green River basin gathering and processing assets to a subsidiary of Harvest Midstream, a privately held midstream service provider.

The assets, located in Wyoming, Utah and Colorado include almost 1500 miles of natural gas pipelines and approximately 900 million cubic feet per day of gas processing capacity. Harvest has also agreed to dedicate approximately 12 thousand barrels per day of natural gas liquids from these assets to MPLX for a period of seven years commencing in 2028, following the expiration of a pre-existing commitment.

The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including clearance under the HSR Act.