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July 01, 2015 9:49 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Marathon Pipe Line LLC

Company Overview

Marathon Pipe Line LLC operates underground pipelines in the United States. The company's pipelines transport crude oil; petroleum products, such as gasoline, diesel fuel, heating oil, and jet fuel; and natural gas to and from terminals, refineries and other pipelines. It also operates aboveground petroleum storage tanks in the United States; and storage caverns in Michigan, West Virginia, and Ohio. Marathon Pipe Line LLC was formerly known as Marathon Ashland Pipe Line LLC and changed its name to Marathon Pipe Line LLC in September 2005. The company was incorporated in 1997 and is headquartered in Findlay, Ohio. Marathon Pipe Line LLC operates as a subsidiary of MPLX Pipe Line Holdings LP.

539 South Main Street

Web Manager - Room 710-M

Findlay, OH 45840

United States

Founded in 1997

Phone:

855-888-8056

Key Executives for Marathon Pipe Line LLC

President
Age: 59
Vice President of Operations
Controller
Age: 70
Compensation as of Fiscal Year 2015.

Marathon Pipe Line LLC Key Developments

Marathon Pipe Line LLC Enters into Transportation Services Agreement with Marathon Petroleum Company LP

Marathon Pipe Line LLC (MPL) entered into a transportation services agreement with Marathon Petroleum Company LP (MPCLP) pursuant to which MPL will charge fees to MPCLP, at applicable Federal Energy Regulatory Commission tariff rates, for transporting products on the Cornerstone pipeline system and related Utica build-out projects. MPCLP will be obligated to transport certain minimum quarterly volumes of products on the associated pipeline systems. If MPCLP fails to transport its minimum volume during any quarter, then MPCLP will pay MPL a quarterly deficiency payment. The amount of any quarterly deficiency payment paid by MPCLP may be applied as a credit for any volumes transported on the applicable pipeline system in excess of MPCLP's minimum volume commitment during any of the succeeding four quarters, after which time any unused credits will expire. Upon the expiration or termination of the Transportation Services Agreement, MPCLP will have the opportunity to apply any remaining credit amounts until the completion of the succeeding four quarter period, without regard to the minimum volume commitment under the Transportation Services Agreement. The Transportation Services Agreement has a primary term of fifteen years and automatically renews for up to two renewal terms of five years each unless either party provides the other party with written notice of its intent to terminate at least six months prior to the end of the primary term or any renewal term, as applicable.

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

Marathon Pipe Line LLC, a subsidiary of MPLX LP announced 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. 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.

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