Devon, Crosstex complete merger of midstream assets

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013 (OGJ Online, Oct. 21, 2013).

The two Dallas-based entities, together referred to as EnLink Midstream, hold assets in several of North America’s major oil and gas regions, including the Barnett, Permian basin, Cana and Arkoma Woodford, Eagle Ford, Haynesville, Gulf Coast, Utica, and Marcellus shales.

EnLink Midstream has 7,300 miles of gathering and transportation pipelines, 12 processing plants with 3.3 bcfd of net processing capacity, 6 fractionators with 180,000 b/d of net fractionation capacity, as well as barge and rail terminals, product storage facilities, brine disposal wells, and an extensive crude oil trucking fleet.

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