EnLink Midstream Begins Open Season for Ohio River Valley Condensate Pipeline System Project
December 17 2014 - 8:00AM
Business Wire
Ohio River Valley Pipeline, LLC, an affiliate of the EnLink
Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the
Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the
General Partner), today announced the start of a binding open
season for volume commitments for interstate common carrier
transportation service on a new condensate pipeline system (the
“ORV Condensate Pipeline”). The ORV Condensate Pipeline will
transport condensate from points in Harrison, Belmont, Guernsey,
Noble, Monroe, and Washington Counties, Ohio to Bells Run Station
in Washington County, Ohio; Black Run Station in Muskingum County,
Ohio; and, if Ohio River Valley Pipeline, LLC elects to construct
extension(s) of its system, to one or more connecting facilities in
Holmes, Coshocton, and Harrison County, Ohio. The design capacity
of the ORV Condensate Pipeline will be dependent upon the level of
interest shown by potential committed shippers during the open
season. The open season begins today at 8:00 a.m. Central Time and
will close at 5:00 p.m. Central Time on January 15, 2015.
A complete description and additional details regarding the ORV
Condensate Pipeline, including a Notice of Open Season, are
available by contacting Scott Walker at 214-721-9468 or
scott.walker@enlink.com.
“The ORV Condensate Pipeline enhances our position for
substantial growth in the Utica and Marcellus shale plays, where we
are successfully executing on our growth strategy to provide crude,
condensate and brine solutions via our pipeline system, extensive
truck fleet, rail terminal and barge facility,” said Barry E.
Davis, EnLink Midstream President and Chief Executive Officer. “It
is a major step forward for EnLink and one that positions us in the
heart of the gas and condensate production fairway in this region.
This project will create significant value our customers by
providing multiple take-away options for stabilized condensate and
access to premium priced markets.”
About the EnLink Midstream Companies
EnLink Midstream is a leading midstream provider formed through
the combination of Crosstex Energy and substantially all of the
U.S. midstream assets of Devon Energy. 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, Eagle Ford
Shale, Haynesville Shale, Gulf Coast region, Utica Shale and
Marcellus Shale. Based in Dallas, Texas, EnLink Midstream’s assets
include approximately 8,800 miles of gathering and transportation
pipelines, 13 processing plants with 3.4 billion cubic feet per day
of net processing capacity, seven fractionators with 252,000
barrels per day of net fractionation capacity, as well as barge and
rail terminals, product storage facilities, brine disposal wells,
an extensive crude oil trucking fleet and equity investments in
certain private midstream companies.
Additional information about the EnLink Midstream companies can
be found at www.EnLink.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements are
based on certain assumptions made by EnLink Midstream Partners, LP,
EnLink Midstream, LLC, and Ohio River Valley Pipeline, LLC
(collectively, “EnLink Midstream Companies”) based upon
management's experience and perception of historical trends,
current conditions, expected future developments and other factors
the EnLink Midstream Companies believe are appropriate in the
circumstances. These statements include, but are not limited to,
statements with respect to forecasts regarding capacity, the
location of the pipeline, the receipt points and destination points
of the pipeline and timing for the project discussed above. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the EnLink
Midstream Companies, which may cause the EnLink Midstream
Companies’ actual results to differ materially from those implied
or expressed by the forward-looking statements. These risks
include, but are not limited to, risks discussed in the EnLink
Midstream Companies’ filings with the Securities and Exchange
Commission. The EnLink Midstream Companies have no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
EnLink MidstreamJill McMillan,
214-721-9271Director of Communications and Investor
RelationsJill.McMillan@enlink.com
EnLink Midstream Partners, LP (NYSE:ENLK)
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