Current DVN Stock Info

Devon Energy Transfers VEX Ownership to Enlink Midstream
Last week Devon Energy (ticker: DVN) completed a dropdown of its Victoria Express Pipeline (VEX) to Enlink Midstream Partners (ticker: ENLK). Devon will receive $280 million from ENLK and EnLink Midstream LLC (ticker: ENLC), in which it owns a 34% and 70% interest, respectively.

Source: Devon Energy

The VEX pipeline is a 56-mile multi-grade crude oil pipeline with a current capacity of approximately 50 MBOPD and, following completion of currently-underway expansion projects, will ...


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