July 11, 2016 - 8:07 AM EDT
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EnLink Midstream Launches Open Season for Greater Chickadee Crude Oil Gathering System in the Permian Basin

DALLAS, July 11, 2016 /PRNewswire/ -- A subsidiary of EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership), whose general partner is EnLink Midstream, LLC (NYSE: ENLC) (the General Partner), will launch a binding open season for volume commitments for common carrier transportation service on its new Greater Chickadee crude oil gathering system (Greater Chickadee) with origin points in Upton and Midland counties in Texas and destination points at two terminals in Midland County, Texas. The design capacity of Greater Chickadee will be determined based upon the level of interest shown by potential committed shippers during the open season. The open season begins July 11 at 8 a.m. Central time and will close at 5 p.m. Central time on August 10.

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A complete description and additional details regarding the Greater Chickadee open season will be available by July 11 at EnLink.com/crudeopenseason or by contacting Rick Van Eyk, Vice President of Business Development, at 713-739-3244 or [email protected].   

"EnLink is focused on expanding our position in the Permian and offering a full range of integrated midstream services to our customers," said Barry E. Davis, Chairman, President, and Chief Executive Officer of EnLink Midstream. "With Chickadee, we are leveraging and growing our existing Midland Basin crude oil assets to better serve customers looking to transport crude to major market hubs."

In June 2016, EnLink announced that it is investing approximately $70 million to $80 million to build Greater Chickadee, which will include over 150 miles of high- and low-pressure pipelines. The project includes the construction of multiple central tank batteries and pump, truck injection, and storage stations to maximize shipping and delivery options for EnLink's customers. Greater Chickadee is expected to be fully operational early next year.

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.

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 the Partnership and the General Partner based upon management's experience and perception of historical trends, current conditions, expected future developments and other factors the Partnership and the General Partner believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to the project's expected financial results, the project's characteristics, the project's connections, the project's customers as well as forecasts regarding capacity, investment and timing for becoming operational for the project discussed above, as well as the Partnership's future growth and results of operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the General Partner, which may cause the Partnership's and the General Partner's 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 Partnership's and the General Partner's filings with the Securities and Exchange Commission. The Partnership and the General Partner have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Contact: Kate Walsh, Vice President of Investor Relations, 214-721-9696, [email protected]
Media Contact: Jill McMillan, Vice President of Public Relations, 214-721-9271, [email protected]

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/enlink-midstream-launches-open-season-for-greater-chickadee-crude-oil-gathering-system-in-the-permian-basin-300295928.html

SOURCE EnLink Midstream


Source: PR Newswire (July 11, 2016 - 8:07 AM EDT)

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