Announced
Completed
Financials
Tags
Completed
Private
lpg transmission
Friendly
Joint Venture
United States
Majority
Domestic
Gas Distribution
Single Bidder
Private Equity
Synopsis
WhiteWater Midstream, a midstream company, MPLX, a diversified, growth-oriented master limited partnership, and West Texas Gas, the fourth-largest investor-owned public utility in Texas, formed a joint venture to provide natural gas liquids takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX. Financial terms were not disclosed. The JV will provide an optimized approach to pipeline transportation service for NGLs primarily through the utilization of existing infrastructure with limited initial construction. The solution will facilitate future, capital-efficient expansions that meet customer demands in a recovering basin. The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.
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