A subsidiary of MPLX LP (NYSE: MPLX) has agreed to buy the Enbridge Ozark Pipeline for about $220 million.MPLX said in a statement that its subsidiary MPLX Pipe Line Holdings LLC planned an expansion to the 433-mile pipeline as a result of long-term volume commitments obtained during Enbridge Pipelines (Ozark) LLC’s open season. The expansion will increase the line’s capacity from 230 Mbbl/d to about 345 Mbbl/d.The Ozark pipeline is a 22-inch crude oil pipeline originating in Cushing, Okla., and terminating in Wood River, Ill. The expansion project design includes increasing the horsepower at pump stations along the pipeline and adding drag-reducing agents to the crude oil. The expansion project is expected to be complete in second-quarter 2018.
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