Five Point Infrastructure Sells Northwind Midstream To MPLX LP For $2.375 Billion

MPLX Acquires Sour Gas Operator from Five Point for $2.375B - The Texas Lawbook

MPLX said Friday it has agreed to pay $2.375 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian Basin. Latham & Watkins advised Five Points on the transaction. The post MPLX Acquires Sour Gas Operator from Five Point for $2.375B appeared first on The Texas Lawbook.

Five Point Infrastructure Sells Northwind Midstream To MPLX LP For $2.375 Billion

Five Point Infrastructure LLC today announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC to MPLX LP for $2.375 billion in cash consideration, subject to customary purchase price adjustments. Founded by Five Point in 2022, Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The Company is solving a highly critical issue in the Northern Delaware Basin, whe…

MPLX to Acquire Northwind Midstream in $2.375B Deal - USA Herald

MPLX LP, the energy infrastructure giant based in Findlay, Ohio, announced Thursday that it will acquire Northwind Midstream for $2.375 billion in cash, strengthening its natural gas operations across the Delaware Basin in New Mexico. The blockbuster deal, backed by debt financing, is set to close in the third quarter of 2025. Northwind’s Reach and MPLX To Acquire Northwind Midstream in $2.4B cash deal to expand Delaware Basin operations.

MPLX Buys Delaware Basin’s Northwind Midstream for $2.38B

MPLX is acquiring Northwind Midstream’s sour gas gathering and processing assets in the Delaware Basin for $2.38 billion.

MPLX LP to acquire Northwind Midstream

MPLX LP has announced it has entered into a definitive agreement to acquire Northwind Delaware Holdings LLC (Northwind Midstream) for US$2.375 billion in cash consideration, subject to customary purchase price adjustments. MPLX intends to finance the acquisition with debt. The transaction is expected to be immediately accretive to distributable cash flow and represents a 7x multiple on forecast 2027 EBITDA. The anticipated mid-teen unlevered ret…