EnLink Midstream Signs Definitive Agreement to Acquire Delaware Basin Assets

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Go back to EnLink Midstream Signs Definitive Agreement to Acquire Delaware Basin Assets

EnLink Midstream Partners (ENLK) to Acquire Delaware Basin Assets from Matador (MTDR)

September 15, 2015 4:03 PM EDT

EnLink Midstream Partners (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner) (together with its subsidiaries EnLink), today announced that a subsidiary of the Partnership signed a definitive agreement to acquire gathering and processing assets in the Delaware Basin (the Delaware Basin System) from a subsidiary of Matador Resources Company (NYSE: MTDR) (Matador) for approximately $143 million, subject to certain adjustments. The strategic acquisition positions EnLink in the Delaware Basin as a full-service midstream provider, with Matador as a high-quality producer customer. The acquisition complements... More

EnLink Midstream Partners (ENLK) to Acquire Delaware Basin Assets from Matador (MTDR) in $143M Deal

September 15, 2015 4:03 PM EDT

The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner) (together with its subsidiaries EnLink), today announced that a subsidiary of the Partnership signed a definitive agreement to acquire gathering and processing assets in the Delaware Basin (the Delaware Basin System) from a subsidiary of Matador Resources Company (NYSE: MTDR) (Matador) for approximately $143 million, subject to certain adjustments. The strategic acquisition positions EnLink in the Delaware Basin as a full-service midstream provider, with Matador as a high-quality... More