MPLX LP acquires, owns, operates, and develops midstream energy infrastructure assets. The company engages in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of Natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. MPLX GP LLC acts as the general partner of the company. As of December 31, 2015, the company’s assets included infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across nine states. It owns a barge dock facility with approximately 78 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,533 thousands of barrels (mbbls) of available storage capacity. The company also owns a butane cavern with approximately 1,000 mbbls of available storage capacity. Segments The company conducts its operations in Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. L&S segment This segment owns and operates seven refineries in the Midwest and Gulf Coast regions of the United States, which have an aggregate crude oil refining capacity of approximately 1.8 million barrels per calendar day. This segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. These assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. The company also owns a butane cavern in Neal, West Virginia with approximately 1,000 mbbls of NGLs storage capacity. The company is pursuing the Cornerstone pipeline project and downstream Utica infrastructure development, which is the building block for other projects to move condensate and NGLs out of the Utica region into refining centers in northwest Ohio and connect to the pipelines to Canada. It also has planned a butane cavern in Robinson, Illinois, which would be a 1,400-mbbl hard rock mined storage cavern. The company generates revenue in the L&S segment primarily by charging tariffs for transporting crude oil, refined products and other hydrocarbon-based products through its pipelines and at its barge dock and fees for storing crude oil and products at its storage facilities. It is also the operator of additional crude oil and product pipelines owned by Marathon Petroleum Corporation (MPC) and its subsidiaries, and third parties. The company has multiple transportation and storage services agreements with MPC. Under these long-term, fee-based agreements, the company provides transportation and storage services to MPC, and MPC has committed to provide it with minimum quarterly throughput volumes on crude oil and products pipelines systems and minimum storage volumes of crude oil, products and butane. G&P segment Natural Gas Gathering The company operates various natural gas gathering systems that has a combined 5,355 one million cubic feet of natural gas per day (mmcf/d) throughput capacity in six states. For dry gas, it gathers and, if necessary treats the gas and delivers it to downstream transmission systems. For wet gas that contains heavier and more valuable hydrocarbons, the company gathers the gas for processing at a processing complex. Natural Gas Processing The company’s natural gas processing complexes remove the heavier and more valuable hydrocarbon components from natural gas. This allows the residue gas remaining after extraction of the NGLs to meet the quality specifications for long-haul transmission pipeline transportation or commercial use. The company operates five complexes in the Marcellus Shale, including processing, gathering, and C2+ fractionation at the Houston complex located in Washington County, Pennsylvania; processing and de-ethanization at the Majorsville complex located in Marshall County, West Virginia; processing at the Mobley complex located in Wetzel County, West Virginia; processing and de-ethanization at the Sherwood complex located in Doddridge
mplx lp (M0X:Berlin)
200 East Hardin Street
Findlay, OH 45840
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