DALLAS--(BUSINESS WIRE)--
The EnLink Midstream companies, EnLink Midstream Partners, LP
(NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the
General Partner) (together with its subsidiaries “EnLink”), today
announced that a subsidiary of the Partnership completed its previously
announced acquisition of gathering and processing assets in the Delaware
Basin (the “Delaware Basin System”) from a subsidiary of Matador
Resources Company (NYSE:MTDR) (“Matador”).
“We are pleased to complete this acquisition which complements our
existing natural gas and crude oil gathering, transportation and
marketing services in the Delaware Basin,” said Barry E. Davis, EnLink
Midstream President and Chief Executive Officer. “This acquisition
solidifies our commitment to grow in West Texas and brings our capital
investment in the area to over $1.5 billion. We will execute on
approximately $250-350 million of additional growth capital in the
Delaware Basin over the next 18 months to expand our presence in this
region, which is among the most favorable oil producing plays in the
United States.”
About the EnLink Midstream Companies
EnLink Midstream is a leading, integrated midstream company with a
diverse geographic footprint and a strong financial foundation,
delivering tailored customer solutions for sustainable growth. EnLink
Midstream is publicly traded through two entities: EnLink Midstream,
LLC (NYSE: ENLC), the publicly traded general partner entity, and EnLink
Midstream Partners, LP (NYSE: ENLK), the master limited partnership.
EnLink Midstream’s assets are located in many of North America’s premier
oil and gas regions, including the Barnett Shale, Permian
Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale,
Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale.
Based in Dallas, Texas, EnLink Midstream’s assets include over 9,200
miles of gathering and transportation pipelines, 17 processing plants
with 3.6 billion cubic feet per day of processing capacity, seven
fractionators with 280,000 barrels per day of fractionation capacity, as
well as barge and rail terminals, product storage facilities, purchase
and marketing capabilities, brine disposal wells, an extensive crude oil
trucking fleet and equity investments in certain private midstream
companies.
Additional information about the EnLink companies can be found at www.enlink.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements are based on
certain assumptions made by the Partnership and the General Partner
based upon management's experience and perception of historical trends,
current conditions, expected future developments and other factors the
Partnership and the General Partner believe are appropriate in the
circumstances. These statements include, but are not limited to,
statements about future financial and operating results, opportunities,
objectives, expectations and intentions that are not historical facts.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Partnership
and the General Partner, which may cause the Partnership's and the
General Partner’s actual results to differ materially from those implied
or expressed by the forward-looking statements. These risks include, but
are not limited to, the risk that the assets to be acquired will not be
successfully integrated or that such integration will take longer than
expected, the risk that the assets to be acquired will not perform as
expected, the failure of the Partnership to deploy growth capital in the
Delaware Basin, the failure of the assets to be acquired to generate
follow-on investment opportunities, the failure to achieve expected
synergies, regulatory, economic and market conditions and other risks
discussed in the Partnership's and the General Partner’s filings with
the Securities and Exchange Commission. The Partnership and the General
Partner have no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151001006837/en/
Source: EnLink Midstream
