The owners of the Capline pipeline system intend to conduct a binding open season in January 2019 for a reversed Capline system, which would transport crude oil from origination points near Patoka, Illinois, and Collierville, Tennessee, to the U.S.
Recent News About Marathon Petroleum Corporation View More
MARATHON PETROLEUM CORPORATION: Marathon Petroleum Corporation Commences Exchange Offers And Andeavor Commences Consent Solicitations
FINDLAY, Ohio and SAN ANTONIO, Aug. 29, 2018 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) ("MPC") and Andeavor (NYSE: ANDV) today announced that, in connection with the anticipated combination of MPC and Andeavor, MPC has commenced offers to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Andeavor as set forth in the table below (the "Existing Andeavor Notes") for (1) up to $3,375,000,000 aggregate principal amount of new notes issued by MPC (the "New MPC Notes") and (2) cash.
MARATHON PETROLEUM CORPORATION: Marathon Petroleum Corp. To Present At Barclays 2018 CEO Energy-Power Conference Sept. 5
Gary R. Heminger, chairman and chief executive officer of Marathon Petroleum Corp.