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EnLink Midstream Launches Open Season for Avenger, EnLink's Delaware Basin Crude Oil Gathering System

08/06/2018

DALLAS, Aug. 6, 2018 /PRNewswire/ -- The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), today announced that a subsidiary of the Partnership will launch a binding open season for volume commitments for common carrier transportation service on its recently announced Avenger Crude Oil Gathering System (Avenger) in the Northern Delaware Basin.

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

Avenger will include origin points in Lea and Eddy counties in New Mexico and destination points in Eddy County, New Mexico, and Loving County, Texas. The design capacity of Avenger will be determined based upon the level of interest shown by potential committed shippers during the open season.

The open season begins August 6, 2018, at 8 a.m. Central time and will close September 5, 2018, at 5 p.m. Central time. A complete description and additional details regarding the Avenger open season will be available today at www.EnLink.com/avengeropenseason or by contacting Keith Taylor, Director of Commercial, at 713-739-3241 or keith.taylor@enlink.com.      

"EnLink is leveraging and growing our existing Delaware Basin assets to provide midstream services across the natural gas and crude oil commodities," said Michael J. Garberding, EnLink President and Chief Executive Officer. "Producers are realizing excellent well results in this area, and our new Avenger system will provide the midstream assets they need to transport crude oil volumes to major market hubs."

Avenger is expected to be fully operational during the first quarter of 2019.

About the EnLink Midstream Companies
EnLink provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities.  EnLink operates in several top U.S. basins and is strategically focused on the core growth areas of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in Dallas, EnLink is publicly traded through EnLink Midstream, LLC (NYSE: ENLC), the General Partner, and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited Partnership. Visit www.EnLink.com for more information on how EnLink connects energy to life.

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 open season, the project's characteristics, the project's connections, the project's customers and their level of interest, the project's ability to provide the necessary midstream assets for customers, as well as forecasts regarding capacity and timing for becoming operational for the project discussed above, and 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 Relations: Kate Walsh, Vice President of Investor Relations, 214-721-9696, kate.walsh@enlink.com
Media Relations: Jill McMillan, Vice President of Public & Industry Affairs, 214-721-9271, jill.mcmillan@enlink.com

 

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SOURCE EnLink Midstream