Marathon merger of midstream operations may benefit Ohio basin
Thursday, May 16, 2019
Marathon is combining MPLX and Andeavor Logistics — two of its oil and gas pipeline, transportation and storage operations — for $9 billion, according to the Dayton Daily News.
The merger is expected to expand the company’s geographic footprint in the Ohio basin and enhance long-term growth opportunities.
Andeavor unitholders will receive 1.135 MPLX common units for each Andeavor common unit held. Marathon will receive 1.0328 MPLX common units for each Andeavor common unit held.
Learn more: Dayton Daily News > Marathon Petroleum combines midstream operations for $9B
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