MPLX

MPLX LP

29.44
USD
1.52%
29.44
USD
1.52%
26.01 35.49
52 weeks
52 weeks

Mkt Cap 30.19B

Shares Out 1.03B

Chat
Send me real-time posts from this site at my email

EnLink, partners to proceed with Permian Basin gas pipeline project

EnLink Midstream (NYSE:ENLC) and its partners said on Thursday they reached a final investment decision to move forward with construction of the Matterhorn Express Pipeline, after securing sufficient transportation agreements with shippers. The Matterhorn Express, a joint venture between EnLink, Devon Energy (NYSE:DVN), MPLX (NYSE:MPLX) and infrastructure company WhiteWater, will transport up to 2.5B cf/day of natural gas through 490 miles of pipeline from Waha, Texas, to near Houston, with supply sourced from multiple upstream connections in the Permian Basin. The project is expected to begin service in Q3 2024, pending regulatory and other approvals; cost estimates are not provided. EnLink Midstream (ENLC) "continues to outperform with another quarterly beat-and-raise," HFIR MLPs writes in a bullish analysis published recently on Seeking Alpha.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue