Building Momentum Through Acquisitions
The deal follows MPLX’s string of expansion moves in 2025:
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In February, MPLX bought the remaining stake in the BANGL NGL pipeline for $715 million.
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In May, it joined I Squared Capital and Enbridge to acquire a controlling stake in Matterhorn, a 580-mile pipeline system.
For its part, Northwind has been rapidly scaling. Earlier this year, the company secured a $700 million term loan to fund pipeline growth and carbon capture initiatives.
Industry Impact
The acquisition signals MPLX’s determination to dominate the Permian Basin’s midstream landscape, ensuring not just expanded gas volumes but also a tighter grip on infrastructure essential to U.S. energy production.
