One-Page Deal Sheet
EnLink Midstream Acquires Victoria Express from Devon
EnLink Midstream, LLC Devon Energy Corp
Announced Date
March 24,2015
Close Date
April 01,2015
Transaction Type
Asset
Location
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
De Witt
Play
Transaction Details: Require Private Equity Subscription
Closing Announcement - April 1, 2015
EnLink Midstream Partners, LP has completed the previously announced acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy Corporation (DVN). The transaction is expected to be immediately accretive to the Partnership.
The VEX pipeline is a 56-mile multi-grade crude oil pipeline with a current capacity of approximately 50,000 barrels per day (bpd) and, following completion of currently-underway expansion projects, will have capacity of approximately 90,000 bpd. Other VEX assets at the destination…
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