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2017 News Releases

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02/15/17MPLX LP announces joint-venture investment in Bakken Pipeline system
FINDLAY, Ohio, Feb. 15, 2017 - MPLX LP (NYSE: MPLX) today closed on the previously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P. (NYSE: EEP).MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75 percent indirect equity inter... 
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02/13/17MPLX LP subsidiary to purchase Ozark Pipeline
FINDLAY, Ohio, Feb. 13, 2017 - MPLX LP (NYSE: MPLX) today announced that its MPLX Pipe Line Holdings LLC subsidiary (MPLH) has entered into an asset purchase agreement with Enbridge Pipelines (Ozark) LLC, under which an affiliate of MPLH has agreed to purchase Enbridge's Ozark Pipeline for approximately $220 million.The Ozark pipeline is a 433-mile, 22-inch crude oil pipeline originating in Cushing, Oklahoma, and terminating in Wood River, Illinois, capable of transporting approximately 230,000 ... 
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02/07/17MPLX LP prices $2.25 billion senior notes offering
FINDLAY, Ohio, Feb. 7, 2017 - MPLX LP (NYSE: MPLX) has priced $2.25 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of two series of senior notes: $1.25 billion aggregate principal amount of 4.125% senior notes due in March 2027; and $1.0 billion aggregate principal amount of 5.200% senior notes due in March 2047.  The 2027 senior notes and the 2047 senior notes were offered at a price to the public of 99.834% and 99.304%, of par, ... 
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02/07/17MPLX LP announces senior notes offering
FINDLAY, Ohio, Feb. 7, 2017 - MPLX LP (NYSE: MPLX) announced today that it has commenced an underwritten public offering of unsecured senior notes pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC). The actual terms of the unsecured senior notes, including principal amount, interest rate and maturity, will depend on market and other conditions. MPLX intends to use the net proceeds from this offering for general par... 
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02/06/17MPLX LP Announces Formation of Strategic Joint Venture with Antero Midstream Partners LP
MarkWest Energy Partners, L.P., a wholly owned subsidiary of MPLX LP, and Antero Midstream Partners LP have formed a strategic joint venture to support Antero Resources Corporation in the Marcellus Shale.Antero Midstream Partners will release to the joint venture its dedication from Antero Resources Corporation of approximately 195,000 gross operated acres located in Tyler, Wetzel and Ritchie counties of West Virginia.The joint venture will support the ongoing development of incremental gas proc... 
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02/01/17MPLX LP Reports Fourth-Quarter and Full-Year 2016 Financial Results
Reported fourth-quarter net income of $133 million and adjusted EBITDA of $391 million; reported full-year net income of $233 million and adjusted EBITDA of $1.4 billion Reported fourth-quarter net cash from operating activities of $356 million and distributable cash flow of $318 million Declared distribution of $0.5200 per common unit, a 4 percent increase over fourth-quarter 2015; delivered 13 percent distribution growth in 2016 with a full-year coverage ratio of 1.23 Affirmed 2017 distr... 
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01/30/17MPLX names Peter Gilgen vice president and treasurer
FINDLAY, Ohio, Jan. 30, 2017 - Peter Gilgen, assistant treasurer of Marathon Petroleum Corporation (NYSE: MPC), has been appointed vice president and treasurer of MPLX GP LLC, the general partner of MPLX LP (NYSE: MPLX), effective Feb. 1. He will continue to be located in Findlay, Ohio, and will continue to report to Tom Kaczynski, vice president of Finance and treasurer of MPC with dual reporting responsibility to Pamela K.M. Beall, Executive Vice President and Chief Financial Officer of MPLX G... 
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01/25/17MPLX LP increases quarterly distribution
FINDLAY, Ohio, Jan. 25, 2017 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.52 per common unit for the fourth quarter of 2016. This represents an increase of $0.005 per unit, or 1 percent, over the third-quarter 2016 distribution, an increase of $0.02 per unit, or 4 percent, over the fourth-quarter 2015 distribution, and a 13 percent increase on a full-year basis over 2015 distributions. Since the partnership's ini... 
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01/11/17MPLX LP to announce 2016 fourth-quarter and full-year financial results Feb. 1
FINDLAY, Ohio, Jan. 11, 2017 - MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corporation (NYSE: MPC), will host a conference call Wednesday, Feb. 1, at 11 a.m. EST to discuss 2016 fourth-quarter and full-year financial results, which will be released earlier that day, and to provide an update on partnership operations.MPLX participants will be Gary R. Heminger, chairman and chief executive officer; Donald C. Templin, president; Pamela K.M. Beall, executive vic... 
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01/03/17MARATHON PETROLEUM CORPORATION PROVIDES UPDATE ON STRATEGIC ACTIONS TO ENHANCE SHAREHOLDER VALUE
MPC Expects to Dropdown Assets Generating ~$1.4 Billion of EBITDA to MPLX as Soon as Practicable (Expected in 2017) MPC Expects to Exchange its Economic Interests in the GP for MPLX LP Units in Conjunction with Completion of Dropdowns (Expected in 2017)  Cash Proceeds from Dropdowns and Ongoing LP Distributions Expected to Fund Substantial Ongoing Return of Capital to MPC Shareholders in a Manner Consistent with Maintaining Investment Grade Credit Profiles at MPC and MPLX MPC to Conduct a Full... 
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