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MPLX Provides an Outlook for 2021 at Utica Midstream Conference
In 2020, producers were evaluating whether to shut-in their wells due to demand destruction, but MPLX was able to provide them with solutions” Jason Stechschulte, Business Development Manager for MPLX
PENN VALLEY, PA, US, April 26, 2021 /EINPresswire.com/ Successful oil and gas companies strictly follow the process of putting a plan in place, executing that plan, and maintaining capital discipline. Midstreamer MPLX is one of those successful companies that has a plan, sticks to it, and makes adjustments in how it allocates capital.
The year 2020 was difficult for a number of U.S. O&G players, be they midstreamers, upsteamers or downstreamers. When the bottom dropped out of demand and the world struggled with a pandemic, making money was tough. Yet Ohio-based MPLX had a financially successful fourth quarter and full-year 2020. The company cut expenses, including capital spend, while its Marcellus and Utica Shale