Morgan Stanley Permian Basin Energy Summit Presentation April 1, 2014
Introduction to EnLink Midstream Devon Energy Corporation (Devon or DVN), Crosstex Energy, Inc. (XTXI) and Crosstex Energy, L.P. (XTEX, and together with XTXI, Crosstex) closed contribution and merger agreements involving Crosstexs…
Organizational Structure Devon Energy Public Corp. Unitholders 70% 30% EnLink GP owns EnLink GP 250 million Sr. Secured RCF a 50% interest in 52% 40% the assets NYSE: ENLC LP LP contributed by 1% GP 7% LP Devon EnLink LP…
EnLink Midstream Investment Considerations Strategically Located and Complementary Strong Balance Assets Diverse, Fee- Sheet and Credit Based Cash Profile Flows Proven Management Substantial Track Record & Scale and…
Strategically Located & Complementary Assets Gas Gathering and Transportation PA 7,300 miles of gathering and OH transmission lines MARCELLUS CANA-WOODFORD OK Gas Processing UTICA 12 plants with 3.3 Bcf/d of total net inlet…
Diverse, Fee-Based Cash Flows Devon will be EnLink Midstreams largest customer (50% of consolidated 2014E adjusted EBITDA*) EnLink Midstreams growth projects focused on crude/NGL services and rich gas processing Strong emphasis on…
EnLink Midstream Growth Strategy EnLink Midstream is ideally positioned for growth EnLink Midstreams Four Avenues for Growth: Organic Growth Opportunities backlog of growth projects at Crosstexs legacy assets; potential expansions…
Our History in the Permian Basin Date Event Commenced Permian operations with announcement of the Deadwood plant July 2011 joint venture with Apache Corp. and the purchase of the Mesquite fractionator Deadwood processing plant, a 58…
Bearkat Project Builds on success of Deadwood joint venture with Apache, which was on- Processing Plant time, on-budget and is near full capacity Fractionator 60 MMcf/d processing plant Apache Acreage 65-mi., 12 gathering system…
Permian Basin Growth Strategy EnLink Midstream is pursuing the following opportunities for growth in the Permian Bolt-on expansions leveraging Bearkat system Greenfield expansions in constrained areas Opportunities include gas…
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