M
MPLX LP
Acquirer counsel
Acquirer counsel not yet recorded
Rainmaker
Loading page...
Simpson Thacher advises BANGL LLC on $715 million sale to MPLX LP
Deal Overview
- Value
- $715m
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Overview
- MPLX LP acquired BANGL, LLC from BANGL, LLC in a acquisition on 2025-02-28.
- Deal value was 7150000000 (source: Extracted) Ownership: 55% interest; Sector: Energy; Location: USA.
- Acquirer-side legal counsel was not specified.
B
BANGL, LLC
Seller counsel
Simpson Thacher & Bartlett
Shamus M. CrosbyPartner
Katy LukaszewskiPartner
John GoodgamePartner
Dasha K. HodgePartner
14 lawyers involved
Simpson Thacher & Bartlett Overview
- BANGL, LLC owns the BANGL pipeline system, which transports up to 250 thousand barrels per day of natural gas liquids from the Permian basin of Texas to fractionation markets along the Gulf Coast.
- WhiteWater, together with affiliates of Diamondback Energy, agreed to sell 55% of BANGL to MPLX LP for US$715 million; after closing, the BANGL Pipeline will be wholly owned by MPLX.
- The transaction is expected to close in July 2025, subject to customary closing conditions.