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    Enlink Midstream updates on new projects in key growth regions

    EnLink Midstream Partners LP and EnLink Midstream LLC

    EnLink Midstream Partners LP (NYSE:ENLK) (the Partnership) and EnLink Midstream LLC (NYSE:ENLC) (the General Partner) have reported two new growth projects that will expand EnLink Midstream’s footprint in the Permian Basin and south Louisiana. These investments will complement EnLink Midstream’s existing asset footprint and offer enhanced midstream services to producer customers in these regions. 

    The Partnership announced that it will expand its natural gas gathering and processing system in the Permian Basin by constructing a new natural gas processing plant and expanding its rich gas gathering system. The entire expansion project is expected to cost over $200 million, increasing the Partnership’s total invested capital in the Permian to over $400 million.

    The new 120 million-cubic-feet-per-day (MMcf/d) gas processing plant will be located near the Partnership’s existing midstream assets and will offer additional gas processing capabilities to producer customers in the region, including Devon Energy. The processing plant is expected to be operational in the second half of 2015. Upon completion, the Partnership’s total operated processing capacity in the region will be approximately 240 MMcf/d.

    As a part of the expansion, the Partnership has signed a long-term, fee-based agreement with Devon Energy to provide gathering and processing services for over 18,000 acres under development in Martin County, a production location in the Midland Basin. The Partnership will construct multiple low-pressure gathering pipelines and a new 23-mile, 12-inch high-pressure gathering pipeline that will tie into the previously announced Bearkat natural gas gathering system. The new pipelines are expected to be operational in the first quarter of 2015.

    The Partnership also announced that it has entered into a series of agreements with MPL Investment LLC, a subsidiary of Marathon Petroleum Corp., to create a 50/50 joint venture named Ascension Pipeline Co. LLC. This joint venture will build a new 30-mile natural gas liquids (NGL) pipeline connecting the Partnership’s existing Riverside fractionation and terminal complex to Marathon Petroleum’s Garyville, Louisiana, refinery located on the Mississippi River. The bolt-on project to the Partnership’s Cajun-Sibon NGL system is supported by long-term, fee-based contracts with Marathon Petroleum. Under the arrangement, the Partnership will serve as the construction manager and operator of the pipeline project, which is expected to be operational in the first half of 2017.

    EnLink Midstream is a midstream provider formed through the combination of Crosstex Energy and substantially all of the US midstream assets of Devon Energy. EnLink Midstream is publicly traded through two entities: EnLink Midstream LLC, the publicly traded general partner entity, and EnLink Midstream Partners LP, the master limited partnership.

     

     

     

     

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