MPLX LP, the energy infrastructure giant based in Findlay, Ohio, announced Thursday that it will acquire Northwind Midstream for $2.375 billion in cash, strengthening its natural gas operations across the Delaware Basin in New Mexico. The blockbuster deal, backed by debt financing, is set to close in the third quarter of 2025.
Northwind’s Reach and Capabilities
Headquartered in Lea County, New Mexico, Northwind Midstream operates a sprawling sour gas network with more than 200 miles of pipeline and control over 200,000 acres. The company, supported by private equity firm Five Point Infrastructure, specializes in handling gas streams laced with hydrogen sulfide and other contaminants.
Through the acquisition, MPLX will secure access to 400 million cubic feet of gas per day and 70,000 barrels of natural gas liquids (NGLs), positioning it as a larger force in the Permian Basin.
Strategic Growth in the Delaware Basin
MPLX President and CEO Maryann Mannen said the acquisition will integrate seamlessly with the company’s existing infrastructure.
“The integration of these assets with our existing Delaware Basin system will expand MPLX’s treating and blending operations,” Mannen noted.
She added that the addition of 200,000 dedicated acres would accelerate the firm’s growth:
“The optionality to direct these new volumes through our integrated system will accelerate our opportunities in the Permian.”
Northwind’s network also includes two operational disposal wells for underground gas injection and a third permitted well, giving MPLX more flexibility in its environmental management efforts.
