MPLX LP (MPLX) has entered into a definitive agreement to acquire Northwind Delaware Holdings LLC for $2.375 billion in cash consideration. MPLX intends to finance the acquisition with debt. The company expects the transaction to be immediately accretive to distributable cash flow.
Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The portfolio includes over 200,000 dedicated acres, 200+ miles of gathering pipelines, two in-service acid gas injection wells at 20 million cubic feet per day, and a third permitted well that will bring its total capacity to 37 MMcf/d.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.