Devon, Crosstex Energy to merge midstream assets

10/28/2013
Devon Energy Corp., Oklahoma City, and Dallas-based Crosstex Energy LP reported Oct. 21 the signing of a definitive agreement to combine nearly all of Devon's US midstream assets with those of Crosstex to form a new midstream business. The new business—yet to be named—will consist of two publicly traded entities: a master limited partnership (MLP) and a general partner (GP) entity. "The combination of Devon's and Crosstex's extensive midstream systems, including gathering and transportation pipelines, and processing, fractionation, and logistics assets, provides the new company with diversification and scale, along with an enhanced liquids-oriented growth profile," the companies...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected