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Enlink Midstream to Build a New $80 Million West Texas Crude Oil Gathering System

Enlink Midstream, June 10, 2016

EnLink Midstream, LLC will construct a new crude oil gathering system, called the Greater Chickadee crude oil gathering project, in Upton and Midland counties in the Permian Basin. Enlink will invest approximately $70 million to $80 million to build Greater Chickadee, which will include over 150 miles of high- and low-pressure pipelines that will transport crude oil volumes to several major market outlets and other key hub centers in the Midland, Texas area. The project also includes the construction of multiple central tank batteries and pump, truck injection, and storage stations to maximize shipping and delivery options for EnLink's producer customers. The initial phase of Greater Chickadee will be operational in the second half of 2016 with full service expected early next year.

"The Greater Chickadee project is a perfect example of EnLink's commitment to execute in our core growth areas and will be a valuable complement to our crude oil business," said Barry E. Davis, President and Chief Executive Officer of EnLink Midstream. "We are doing exactly what we said we would do when we made the acquisition of LPC Crude Oil Marketing – using the LPC platform to expand and grow our crude service offerings in the Permian. Greater Chickadee is the next step in creating a regional gathering system to capture additional value through an expanded platform and improved asset integration."

Greater Chickadee is supported by long-term, fee-based agreements with top Permian Basin producers. The project includes approximately 35,000 dedicated acres in Upton County. Current production from this dedicated acreage is over 10,000 barrels per day.  
 

About the EnLink Midstream Companies

EnLink Midstream is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. EnLink Midstream is publicly traded through two entities: EnLink Midstream, LLC (NYSE: ENLC), the publicly traded general partner entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master limited partnership.

EnLink Midstream's assets are located in many of North America's premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, STACK, SCOOP, C-NOW, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale, and Marcellus Shale. Based in Dallas, Texas, EnLink Midstream's assets include approximately 9,900 miles of gathering and transportation pipelines, 19 processing plants with approximately 3.9 billion cubic feet per day of processing capacity, seven fractionators with approximately 284,000 barrels per day of fractionation capacity, as well as barge and rail terminals, product storage facilities, purchase and marketing capabilities, brine disposal wells, an extensive crude oil trucking fleet and equity investments in certain private midstream companies.

Additional information about the EnLink companies can be found at www.EnLink.com.
 


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