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14.01.2015 19:22:34

Marathon Pipe Line LLC Announces a Successful Binding Open Season for the Patoka to Lima Expansion Project

FINDLAY, Ohio, Jan. 14, 2015 - Marathon Pipe Line LLC (MPL), a subsidiary of MPLX LP (NYSE: MPLX), is pleased to announce the completion of a successful open season for the expansion of the Patoka, Ill. to Lima, Ohio crude oil pipeline system. Based on the execution of a long-term binding agreement, MPL has the requisite support to continue development and commence construction of the expansion to accommodate the committed volumes.

"The Patoka to Lima pipeline expansion will allow MPLX to provide enhanced access to the growing crude oil supply available in the Patoka hub," said Pamela Beall, MPLX president. "That includes Bakken, Canadian, U.S. Midcontinent and Gulf Coast production."

As previously announced, the project will expand the current system capacity by an additional 18,000 barrels per day of light equivalent crude oil capacity through the system.  The project involves construction of two new pump stations and the injection of flow improver to optimize hydraulic performance of the pipeline system. The expansion is anticipated to be in-service in late 2016. 

About Marathon Pipe Line LLC
MPL operates one of the largest petroleum pipeline systems in the United States, based on total volume delivered. MPL operates approximately 6,000 miles of pipeline in 14 states. These pipelines range from 4 inches to 40 inches in diameter. MPL transports crude oil, refined petroleum products and refinery feedstocks to and from terminals, refineries and other pipelines. MPL safely controls the movement and delivery of an average of 120 million gallons of crude oil and petroleum products daily through its pipelines. For further information on MPL, visit the company's website at http://www.marathonpipeline.com.

About MPLX LP
MPLX is a fee-based, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. Headquartered in Findlay, Ohio, MPLX's assets consist of a 99.5 percent equity interest in a network of common carrier crude oil and products pipeline assets located in the Midwest and Gulf Coast regions of the United States and a 100 percent interest in a butane storage cavern located in W.Va. with approximately 1 million barrels of Natural Gas liquids storage capacity.
  

Contacts

Media Relations:
Sid Barth
Marathon Petroleum Corporation
419-421-2850
swbarth@marathonpetroleum.com

Commercial Contact:
Andy Gasser
Marathon Pipe Line LLC
419-672-6697
agasser@marathonpetroleum.com

Investor Relations:
Geri Ewing
Marathon Petroleum Corporation
419-421-2071
gcewing@marathonpetroleum.com

Teresa Homan
Marathon Petroleum Corporation
419-421-2965
thoman@marathonpetroleum.com

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment and timing for becoming operational for the opportunities discussed above, as well as MPLX's future growth and results of operations. You can identify forward-looking statements by words such as "anticipate," "assess," "estimate," "propose," "prospective," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the company and are difficult to predict. Factors that could impact the opportunities described above are: the timing and extent of changes in commodity prices and demand for crude oil, refined products, feedstocks or other hydrocarbon-based products; volatility in and/or degradation of market and industry conditions; completion of pipeline capacity by our competitors; the ability to obtain required regulatory approvals on a timely basis; the occurrence of an operational hazard or unforeseen interruption; and the factors set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2013, filed with the Securities and Exchange Commission (SEC). Copies of MPLX's Form 10-K are available on the SEC website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office. In addition, unpredictable or unknown factors not discussed here or in MPLX's Form 10-K could also have material adverse effects on forward-looking statements.





This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MPLX LP via Globenewswire

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