FINDLAY, Ohio, Oct. 23, 2020 /PRNewswire/ -- MPLX LP (NYSE:
MPLX) announced today that it will extend its binding open season
for the expansion of the SLC Core Pipeline System by two weeks. In
response to feedback from potential shippers, MPLX is making modest
revisions to its transportation service agreement under the open
season process. The binding open season will be extended to
Nov. 6, 2020, at 12 p.m. CST to allow potential shippers adequate
time to review these revisions, and to provide additional time to
finalize commitments.
The proposed SLC Core Pipeline System capacity expansion would
provide shippers access to the Guernsey crude oil market hub and
access to additional crude oil grades for refiners in the
Salt Lake City, Utah, area. The
expansion would provide incremental pipeline capacity of
approximately 11,000 barrels per day (bpd), reinstating origin
service from Fort Laramie,
Wyoming. This expansion would bring total capacity on the
SLC Core Pipeline to approximately 56,000 bpd, and is expected to
begin service in the first quarter of 2022.
The SLC Core Pipeline System, owned by Tesoro Logistics
Northwest Pipeline LLC, a subsidiary of MPLX, is a common carrier
system transporting crude oil from various points in Wyoming to Wahsatch Station, Utah, with a connection to a third-party
pipeline at Wahsatch Station for further transportation to
refineries in the Salt Lake City
area, with approximate total delivery capacity of 45,000 bpd.
The binding open season began on Monday,
Sept. 21, 2020.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that
owns and operates midstream energy infrastructure and logistics
assets, and provides fuels distribution services. MPLX's assets
include a network of crude oil and refined product pipelines; an
inland marine business; light-product terminals; storage caverns;
refinery tanks, docks, loading racks, and associated piping; and
crude and light-product marine terminals. The company also owns
crude oil and natural gas gathering systems and pipelines as well
as natural gas and NGL processing and fractionation facilities in
key U.S. supply basins. More information is available
at www.MPLX.com.
Investor Relations Contacts: (419)
421-2071
Kristina Kazarian,
Vice President, Investor Relations
Taryn Erie, Manager, Investor
Relations
Media Contact:
Jamal Kheiry, Manager, Corporate
Communications (419) 421-3312
Commercial Contacts:
Greg
Henderson (210) 626-4585
Ryan Robins (210) 626-4971
This press release contains forward-looking statements within
the meaning of the federal securities laws. These forward-looking
statements relate to, among other things, statements with
respect to forecasts regarding the need for additional pipeline
capacity. You can identify forward-looking statements by words such
as "anticipate," "believe," "design," "estimate," "expect,"
"forecast," "goal," "guidance," "imply," "intend," "objective,"
"opportunity," "outlook," "plan," "position," "pursue,"
"prospective," "predict," "project," "potential," "seek,"
"strategy," "target," "could," "may," "should," "would," "will" or
other similar expressions that convey the uncertainty of future
events or outcomes. Such forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the
control of the companies and are difficult to predict. Factors that
could impact the opportunities described above are: the timing and
extent of changes in commodity prices and demand for crude oil,
refined products, feedstocks or other hydrocarbon-based products;
continued/further volatility in and/or degradation of market and
industry conditions; changes to the expected construction costs and
timing of projects; completion of pipeline capacity by competitors;
the ability to obtain required regulatory approvals on a timely
basis; the occurrence of an operational hazard or unforeseen
interruption; and the factors set forth under the heading "Risk
Factors" in MPLX's Annual Report on Form 10-K for the year ended
Dec. 31, 2019, and Quarterly Reports
on Form 10-Q, filed with the Securities and Exchange Commission
(SEC). In addition, the forward-looking statements included herein
could be affected by general domestic and international economic
and political conditions. Unpredictable or unknown factors not
discussed here or in MPLX's Forms 10-K and 10-Q could also have
material adverse effects on forward-looking statements. Copies of
MPLX's Forms 10-K and 10-Q are available on the SEC's website,
MPLX's website at http://ir.mplx.com or by contacting
MPLX's Investor Relations office.
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SOURCE MPLX LP