- 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
at Nasdaq.com (Jan 28, 2015)
at Nasdaq.com (Jan 7, 2015)
at Fox Business (Oct 21, 2013)
at CNBC.com (May 9, 2013)
at Fox Business (Aug 14, 2012)
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