MPLX LP (MPLX)

The Logistics and Storage (L&S) segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. These assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPC and MPLX pipeline network of petroleum pipelines is one of the largest in the United States, based on total annual volumes delivered. MPLX also owns a butane cavern in Neal, West Virginia with approximately 1,000 mbbls of NGLs storage capacity. MPLX is constructing the Cornerstone pipeline project and downstream Utica infrastructure development, which is the building block for other projects that we expect to become a critical solution for the industry to move condensate and NGLs out of the Utica region into refining centers in northwest Ohio and connect to the pipelines to Canada. MPLX is also building a butane cavern in Robinson, Illinois, which will be a 1,400-mbbl hard rock mined storage cavern.MPLX generates revenue in the L&S segment primarily by charging tariffs for transporting crude oil, refined products and other hydrocarbon-based products through pipelines and at barge dock and fees for storing crude oil and products at storage facilities. MPLX isalso the operator of additional crude oil and product pipelines owned by MPC and third parties for which they are paid operating fees.