MPLX to acquire the remaining 55% stake in BANGL from WhiteWater and Diamondback Energy for $715m.

MPLX, a midstream energy infrastructure and logistics assets operator, agreed to acquire the remaining 55% stake in BANGL, a pipeline system that transports natural gas liquids, from WhiteWater, an infrastructure company, and Diamondback Energy, an oil and natural gas company, for $715m. "With full ownership of BANGL and its expansion opportunities, our growth platform is further improved for the long term as we connect growing NGL production from the Permian basin to our recently announced Gulf Coast fractionation complex," Maryann Mannen, MPLX President and CEO.