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Stock Market & Financial Investment News

News Breaks
August 18, 2014
08:04 EDTENLK, ENLCEnLink Midstream, EnLink Midstream announce construction plans
The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) and EnLink Midstream (ENLC) announced plans to construct a new 45-mile, eight inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica Shale, including Eclipse Resources. The total investment for the expansion project is over $250M, roughly doubling the capital EnLink Midstream has invested in the Ohio River Valley to more than $500M. As a component of the project, the Partnership has entered into a long-term, fee-based agreement with Eclipse Resources for compression and stabilization services and for the purchase of stabilized condensate. Eclipse Resources is a Utica Shale focused exploration and production company that is currently running four horizontal rigs in the Utica Shale and expects to add an additional two rigs by year end.
News For ENLK;ENLC From The Last 14 Days
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January 20, 2015
08:06 EDTENLC, ENLKEnLink Midstream increases quarterly distributions
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January 15, 2015
08:04 EDTENLC, ENLKEnLink Midstream extends open season for Ohio River Valley project
Ohio River Valley Pipeline, LLC, an affiliate of the EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) and EnLink Midstream, LLC (ENLC), announced an extension of the binding open season to solicit volume commitments for interstate common carrier transportation service on a new condensate pipeline system. The open season, which was originally scheduled to end on January 15, 2015, has been extended to February 27, 2015, at 5:00 p.m. Central Time. “We’ve received significant producer interest for the ORV Condensate pipeline,” said Barry E. Davis, EnLink Midstream President and CEO. “We are extending the open season to allow us more time to work with interested shippers and address their requests for service on this system. This project is a game changer for our Ohio River Valley business and enables us to build upon our existing asset platform to take advantage of the growth opportunities in the region.” As previously announced, the ORV Condensate Pipeline will transport condensate from points in Harrison, Belmont, Guernsey, Noble, Monroe, and Washington Counties, Ohio to Bells Run Station in Washington County, Ohio, Black Run Station in Muskingum County, Ohio, and, if Ohio River Valley Pipeline, LLC elects to construct extension(s) of its system, to one or more connecting facilities in Holmes, Coshocton, and Harrison County, Ohio. The design capacity of the ORV Condensate Pipeline will be dependent upon the level of interest shown by potential committed shippers during the open season.

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