Harvest Midstream buys gas network in Uinta & Green River basins for $1B
Harvest Midstream, a Houston-based natural gas and crude oil midstream services supplier, has made a $1 billion acquisition of an extensive natural gas gathering and processing network in Utah’s Uinta and the Green River basins that stretches across parts of Wyoming, Utah and Colorado.
The transaction with Findlay, Ohio-based MPLX LP is expected to close in the fourth quarter of 2025.
“This acquisition is the beginning of the next chapter of Harvest’s ambitious and disciplined growth story,” said Jason C. Rebrook, the company’s CEO. “We are executing on a long-term vision to build a scaled, resilient midstream network capable of supporting America’s energy needs for decades to come, and these premier MPLX assets fit squarely into that strategy. We look forward to applying our operational expertise, commercial agility and proven track record to deliver long-term value for our customers.”
The Uinta Basin assets include approximately 700 miles of gas gathering pipelines and approximately 345 million cubic feet per day of active gas processing capacity at the Ironhorse and Stagecoach processing facilities near Vernal. The Green River Basin assets service multiple major gas fields in Wyoming and include approximately 800 miles of gas gathering and transportation pipelines and approximately 500 million cubic feet per day of active gas processing capacity from the Blacks Fork and Vermilion processing facilities and 10,000 barrels per day of fractionator capacity.
Following closing, Harvest will assume full operational control of the systems, deliver uninterrupted service for existing customers, and aggressively advance its vision of building a best-in-class, diversified midstream enterprise, the company said.
Harvest Midstream is a privately held midstream service provider focused on the gathering, storage, transportation, treatment and terminal operation of crude oil and natural gas.