MPLX to buy Enbridge's Ozark Pipeline for $220M

• MPLX (MPLX -0.4%) agrees to acquire Enbridge Pipelines' (ENB, EEP) Ozark Pipeline for $220M.
• The Ozark pipeline is a 433-mile, 22-inch crude oil pipeline originating in Cushing, Okla., and terminating in Wood River, Ill., capable of transporting 230K bbl/day.
• MPLX also says an open season recently conducted by Ozark received sufficient long-term volume commitments to plan an expansion of the pipeline's capacity to 345K bbl/day; completion of the project is expected in Q2 2018.