MPLX LP acquires, owns, operates, and develops pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2014, the company’s assets primarily consisted of a 99.5 percent indirect interest in 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 owned a 100 percent interest in a butane cavern in Neal, West Virginia with approximately 1 million barrels of natural gas liquids storage capacity. Crude Oil Pipeline Systems The company’s crude oil pipeline systems and related assets are strategically positioned to support crude oil supply options for Marathon Petroleum Corporation’s (MPC) Midwest refineries, which receive imported and domestic crude oil through various sources. Imported and domestic crude oil is transported to supply hubs in Wood River and Patoka, Illinois from various regions, including Cushing, Oklahoma on the Ozark pipeline system; Western Canada, Wyoming and North Dakota on the Keystone, Platte, Mustang and Enbridge pipeline systems; and the Gulf Coast on the Capline crude oil pipeline system. The company’s major crude oil pipeline systems are connected to these supply hubs and transport crude oil to refineries owned by MPC and third parties. Product Pipeline Systems The company’s product pipeline systems are strategically positioned to transport products from six of MPC’s refineries to MPC’s marketing operations, as well as those of third parties. These pipeline systems also supply feedstocks to MPC’s Midwest refineries. These product pipeline systems are integrated with MPC’s expansive network of refined product marketing terminals, which support MPC’s integrated midstream business. Other Midstream Assets As of December 31, 2014, the company owned a 99.5 percent indirect interest in its tank farms and its barge dock through MPLX Pipe Line Holdings LP. The company owned a 100 percent interest in its butane cavern. The company owns a 13 percent interest in MPLX Pipe Line Holdings LP. Transportation and Storage Services Agreements with MPC The company’s assets are strategically located within, and integral to, MPC’s operations. It has entered into 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 systems and minimum storage volumes of crude oil, products and butane. Strategy The key elements of the company’s strategy include focusing on fee-based businesses; increasing revenue and pursuing organic growth opportunities; growing through acquisitions; sustaining long-term growth; and maintaining safe and reliable operations. Rate and Other Regulation Tariff Rates: The company’s pipeline systems are common carriers subject to regulation by various federal, state and local agencies. The FERC regulates interstate transportation on its common carrier pipeline systems under the Interstate Commerce Act, Energy Policy Act of 1992 and the rules and regulations promulgated under those laws. Intrastate services provided by certain of its pipeline systems are subject to regulation by state regulatory authorities, such as the Illinois Commerce Commission and the Michigan Public Service Commission. Pipeline Safety: The company is subject to regulation by the U.S. Department of Transportation under the Hazardous Liquid Pipeline Safety Act of 1979, also known as the HLPSA. Security: Three of the company’s facilities have been preliminarily classified as subject to the Department of Homeland Security Chemical Facility Anti-Terrorism Standards. In addition, it has two facilities that are subject to the United States Coast Guard’s Maritime Transportation Security Act, and various other facilities that are subject to the Transportation Security Administration’s Pipeline Security Guidelines and are designated as Critical Facilities. Environmental Regulation Air Emissions and Climate Change: The company’s operations are subject to the Clean Air Act and its regulations and comparable state and local statutes and regulations in connection with air emissions from its operations. Water: The company’s operations can result in the discharge of pollutants, including crude oil and products. Regulations under the Water Pollution Control Act of 1972 (Clean Water Act), Oil Pollution Act of 1990 (OPA-90) and state laws impose regulatory burdens on its operations. It maintains discharge permits for facilities and vessels as required under the National Pollutant Discharge Elimination System program of the Clean Water Act and have implemented systems to oversee its compliance efforts. Employee Safety: The affiliates of the company’s general partner that provide employees to conduct services for it is subject to the requirements of the Occupational Safety and Health Act and comparable state statutes that regulate the protection of the health and safety of workers. History MPLX LP was founded in 2012.
mplx lp (M0X:Berlin Stock Exchange)
200 East Hardin Street
Findlay, OH 45840
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