Seeking Alpha

EnLink partnership announces two new growth projects

  • EnLink Midstream Partners (NYSE:ENLK) and EnLink Midstream (NYSE:ENLC) announce plans to expand their 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.
  • EnLink expects the expansion project to cost at least $200M, increasing its total invested capital in the Permian to more than $400M.
  • The partnership also plans to create a joint venture with a Marathon Petroleum (NYSE:MPC) subsidiary to build a new 30-mile natural gas liquids pipeline connecting the existing Riverside fractionation and terminal complex to MPC’s Garyville refinery located on the Mississippi River.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector