SOURCE: Industrial Info Resources

Industrial Info Resources

November 06, 2014 06:00 ET

EnLink Plans Next $1 Billion in Capital Spending as Permian Basin, Gulf Coast Projects Boom in Third-Quarter 2014, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 6, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The EnLink Midstream companies, EnLink Midstream Partners LP (NYSE:ENLK) and EnLink Midstream LLC (NYSE:ENLC), completed $1 billion in growth projects and prepared for further expansions in the Permian Basin and Utica Shale, and along the Gulf Coast, eight months after they were formed through the merger of Crosstex Energy and the U.S. midstream assets of Devon Energy (NYSE:DVN) (Oklahoma City, Oklahoma). Industrial Info is tracking more than $1.5 billion in active projects involving EnLink.

Within this article: Details on EnLink's quarter and major projects, including two additions at natural gas liquids (NGL) fractionation facilities in Louisiana, and the acquisition of several Gulf Coast natural gas pipeline assets from Chevron (NYSE:CVX).

Other companies featured: Marathon Oil (NYSE:MRO)

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