MPLX focuses 2022 capital spending on growth in Bakken, Marcellus and Permian
Wednesday, February 9, 2022
MPLX LP earmarked much of its capital spending for 2022 for growth opportunities in the Bakken and Marcellus shale formations and the Permian Basin, according to Natural Gas Intelligence.
MPLX’s $900 million capital spending program for 2022 is 12.5% higher than last year’s.
A majority of this year’s capital budget will be directed towards growth with $700 million allocated. The remainder includes $140 million for maintenance capital and $60 million to repay its share of debt in the Bakken Pipeline joint venture.
More than half of the $700 million growth capital will be directed towards the company’s logistics and storage segment.
Learn more: Natural Gas Intelligence > MPLX Targets Growth in Bakken, Marcellus and Permian
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