EnLink Midstream Extends Open Season for Ohio River Valley Condensate Pipeline System Project
January 15 2015 - 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 an extension of the binding open
season to solicit volume commitments for interstate common carrier
transportation service on a new condensate pipeline system (the
“ORV Condensate Pipeline”). The open season, which was originally
scheduled to end on January 15, 2015, has been extended to February
27, 2015, at 5:00 p.m. Central Time.
“We’ve received significant producer interest for the ORV
Condensate pipeline,” said Barry E. Davis, EnLink Midstream
President and Chief Executive Officer. “We are extending the open
season to allow us more time to work with interested shippers and
address their requests for service on this system. This project is
a game changer for our Ohio River Valley business and enables us to
build upon our existing asset platform to take advantage of the
growth opportunities in the region.”
As previously announced, 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.
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.
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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