Harvest Midstream has acquired natural gas gathering and processing assets from MPLX LP for $1 billion, enhancing its operational capabilities in the U.S. natural gas market.

Information on the Target

Harvest Midstream is a key player in the energy sector, focusing on natural gas gathering and processing. Recently, they have made headlines with a significant acquisition of assets from MPLX LP, valued at $1 billion. These assets include extensive gathering pipelines and processing capacity in both the Uinta and Green River Basins, enhancing Harvest Midstream's operational capabilities and market presence.

The acquired assets encompass approximately 700 miles of gathering pipelines with a processing capacity of 345 million cubic feet per day (mmcf/d) in the Uinta Basin and an additional 800 miles of gathering and transportation pipelines with an enabled processing capacity of 500 mmcf/d in the Green River Basin. This acquisition solidifies Harvest's commitment to expanding its infrastructure to better meet the growing demands of the natural gas sector.

Industry Overview in the Target's Specific Country

The natural gas industry in the United States has been experiencing notable transformations in recent years. The sector is characterized by a lucrative domestic market, along with increasing opportunities for e