I Squared, MPLX, and Enbridge to acquire interests in Matterhorn Express Pipeline
Published by Alfred Hamer,
Editorial Assistant
World Pipelines,
I Squared, MPLX LP, and Enbridge Inc. have jointly announced they have entered into a definitive agreement to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy Corp.
Following the close of the transaction, WhiteWater, MPLX and Enbridge will own 65%, 10% and 10% of the Matterhorn Express Pipeline, respectively.
WhiteWater's equity interest in the Matterhorn Express Pipeline will be jointly backed by FIC and I Squared, and WhiteWater will continue to operate the Matterhorn Express Pipeline.
The transaction is expected to close in 2Q25.
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World Pipelines’ April 2025 issue
The April 2025 issue of World Pipelines includes a keynote article on Europe’s midstream sector, and technical articles on pipeline construction, cathodic protection, damage and defect assessment, and pipeline integrity. Also included: a major feature on pipelaying and vessels, with contributions on offshore pipelay, subsea umbilicals and emergency pipeline repair.
Read the article online at: https://www.worldpipelines.com/business-news/08052025/i-squared-mplx-and-enbridge-to-acquire-interests-in-matterhorn-express-pipeline/
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