HARVEST MIDSTREAM CLOSES $1 BILLION ROCKIES ACQUISITION FROM MPLX

Harvest Midstream closed a $1 billion acquisition from MPLX (NYSE: MPLX) on November 13, 2025, adding gas gathering and processing systems in the Uinta and Green River basins across Wyoming, Utah, and Colorado.

Rhea-AI Summary

Harvest Midstream closed a $1 billion acquisition from MPLX (NYSE: MPLX) on November 13, 2025, adding gas gathering and processing systems in the Uinta and Green River basins across Wyoming, Utah, and Colorado.

The deal transfers operation of roughly 1,500 miles of pipelines and combined processing capacity of 845 million cubic feet per day (Ironhorse, Stagecoach, Blacks Fork, Vermilion), plus 10,000 barrels/day of fractionation capacity. Harvest will operate the assets, continue service to existing customers, and pursue further regional expansion.

Positive

• Acquisition size: $1 billion
• Adds roughly 1,500 miles of gathering pipelines
• Combined processing capacity: 845 MMcf/d
• Adds 10,000 barrels/day fractionation capacity

Negative

• Purchase details may dilute strategic focus during integration
• Integration and expansion carry execution and capital risk

Argus Nov 13 session

-0.99% close to close Open Argus

Details

News Market Reaction – MPLX

On Nov 13, the day this news came out, MPLX closed 0.99% below the previous close.

Data tracked by StockTitan Argus for the Nov 13 session.

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HOUSTON, Nov. 13, 2025 /PRNewswire/ -- Harvest Midstream ("Harvest") has closed its previously announced $1 billion acquisition from MPLX LP (NYSE: MPLX), adding an extensive natural gas gathering and processing network in the Uinta and Green River basins spanning Wyoming, Utah, and Colorado.

The transaction significantly expands Harvest's national footprint and strengthens its position as one of the largest privately held midstream companies in the U.S.

"This deal is about growth through action," said Jason C. Rebrook, Harvest CEO. "We are expanding where it matters most — in the heart of America's energy production — and continuing to deliver results through disciplined execution and operational excellence."

The Uinta Basin assets include roughly 700 miles of gas gathering pipelines and 345 million cubic feet per day of processing capacity at the Ironhorse and Stagecoach facilities, with further expansion underway. The Green River Basin system features about 800 miles of pipelines, 500 million cubic feet per day of processing capacity at the Blacks Fork and Vermilion plants, and 10,000 barrels per day of fractionation capacity.

With the transaction complete, Harvest now operates the assets and will maintain reliable service for existing customers while pursuing future growth across key U.S. energy basins.

About Harvest Midstream:

Harvest Midstream is a Houston-based, privately held midstream service provider with a rapidly expanding national footprint. Focused on the gathering, storage, transportation, treatment, and terminalling of crude oil and natural gas, Harvest has accelerated its growth trajectory in recent years through a series of strategic acquisitions. From consolidating a premier position in the Bakken to broadening business in Alaska, these transactions have significantly increased the company's portfolio, positioning Harvest as a critical infrastructure partner across multiple U.S. basins.

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SOURCE Harvest Midstream

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Harvest Midstream acquire from MPLX on November 13, 2025?

Harvest acquired a gas gathering and processing network in the Uinta and Green River basins for $1 billion.

How much processing capacity did the Harvest acquisition include?

The assets include about 845 million cubic feet per day of processing capacity across four plants.

How many pipeline miles were added to Harvest from the MPLX sale?

The transaction adds roughly 1,500 miles of gas gathering pipelines (700 Uinta; 800 Green River).

Does Harvest plan to continue service for existing customers after the MPLX asset transfer?

Yes. Harvest will operate the assets and maintain reliable service for existing customers.

What fractionation capacity was included in the MPLX assets sold to Harvest?

The deal includes 10,000 barrels per day of fractionation capacity.

How does the acquisition affect Harvest's geographic footprint?

It expands Harvest's presence in key U.S. basins across Wyoming, Utah, and Colorado.