One-Page Deal Sheet
Devon, Crosstex Create Midstream Power Player; Finalize Deal
Devon Energy Corp Crosstex Energy Lp
Announced Date
October 21,2013
Close Date
March 07,2014
Transaction Type
Corporate
Location
Region
Northeast,Mid-Continent,Permian,Gulf Coast - South Texas,Ark-La-Tex
Country
United States
Play
Eagle Ford Shale,Marcellus Shale,Utica Shale,Permian Basin,Woodford Shale,Haynesville Shale,Haynesville-Bossier-CottonValley
Transaction Details: Subscribe to see
Closing Announcement - March 7, 2014
Devon Energy Corporation, EnLink Midstream, LLC and EnLink Midstream Partners, LP have reported the completion of the previously announced transaction to combine substantially all of Devon’s U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P.
Crosstex Energy, Inc. stockholders overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement among Crosstex Energy, Inc., Devon and certain of Devon’s subsidiaries. Following closing, two publicly traded entities will exist: a…