Harvest Midstream announced a deal Wednesday to buy $1 billion of natural gas gathering and processing assets from Ohio-based MPLX. The deal, which is expected to close in the fourth quarter, will expand Houston-based Harvest’s footprint in the Uinta and Green River basins in Wyoming, Utah and Colorado.
This purchase includes approximately 1,500 miles of natural gas gathering and transportation pipelines, according to a news release, as well as nearly 845 million cubic feet per day of natural gas processing capacity for the privately held midstream. Some of the key assets being bought are the Ironhorse and Stagecoach processing facilities in the Uinta Basin and the Blacks Fork and Vermilion facilities in the Green River Basin, according to the release.
Kirkland & Ellis advised Harvest on the deal. The team included corporate lawyers Chad Smith (Houston), Will Eiland (Dallas), Albert Jou (Houston), Jhett Nelson (Houston), Mohammad Alkadhem (Houston), Will Whitlock (Dallas) and Braxton Iden (Dallas); environmental transactions lawyers Jon Kidwell (Dallas) and Thomas Boynton (Dallas); tax lawyers David Wheat (Dallas), Joe Tobias (Dallas), Olivia Schmertzler (Austin) and Brooke Schafer (Dallas); and executive compensation lawyers Stephen Jacobson (Houston and New York) and Maddison Riddick (Houston).
“This acquisition is the beginning of the next chapter of Harvest’s ambitious and disciplined growth story,” said Harvest CEO Jason C. Rebrook in the release. “We are executing on a long-term vision to build a scaled, resilient midstream network capable of supporting America’s energy needs for decades to come — and these premier MPLX assets fit squarely into that strategy.”
Harvest has been growing in recent years with purchases that have helped bolster its position in the Bakken and expand operations in Alaska. This latest deal is similar in that it strengthens the midstream’s reach and capabilities.
For MPLX, the deal with Harvest comes as part of the company’s focus continues to shift to the Permian Basin and New Mexico. In a deal that will close this quarter, MPLX announced Aug. 1 it has agreed to pay nearly $2.4 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian.
The MPLX deal for Northwind was one of a steady stream of billion-dollar transactions to kick off the third quarter after a robust first half for 2025.