Harvest Midstream Strikes $1B Deal for MPLX Gas Assets in Rockies
Harvest Midstream is making a $1 billion bet on the Rockies, agreeing to acquire natural gas gathering and processing assets from Ohio-based MPLX. The deal expands Houston-based Harvest’s footprint in Wyoming, Utah and Colorado with 1,500 miles of pipelines and 845 million cubic feet per day of processing capacity, underscoring the private midstream company’s push for scale in natural gas. A Texas team from Kirkland & Ellis advised Harvest on the transaction.