MPLX LP (MPLX) is in talks with Five Point Infrastructure to acquire Northwind Midstream Partners for about $2.3 billion, Bloomberg said Wednesday, citing people familiar with the matter.
The two parties are expected to a reach a deal in the coming weeks, Bloomberg said, adding that the advanced stage talks could be delayed or may falter.
Northwind Midstream Partners owns and develops infrastructure needed for gathering, treating and processing of natural gas in the Delaware Basin on New Mexico, according to the report.
MPLX did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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