FOR IMMEDIATE RELEASE
DECEMBER 17, 2014
Contact: Jill McMillan, Director of Communications and Investor Relations
Phone: (214) 721-9271
ENLINK MIDSTREAM BEGINS OPEN SEASON FOR OHIO RIVER VALLEY CONDENSATE PIPELINE SYSTEM PROJECT
DALLAS, December 17, 2014 — Ohio River Valley Pipeline, LLC, an affiliate of the EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner), today announced the start of a binding open season for volume commitments for interstate common carrier transportation service on a new condensate pipeline system (the “ORV Condensate Pipeline”). 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. The open season begins today at 8:00 a.m. Central Time and will close at 5:00 p.m. Central Time on January 15, 2015.
A complete description and additional details regarding the ORV Condensate Pipeline, including a Notice of Open Season, are available by contacting Scott Walker at 214-721-9468 or .
“The ORV Condensate Pipeline enhances our position for substantial growth in the Utica and Marcellus shale plays, where we are successfully executing on our growth strategy to provide crude, condensate and brine solutions via our pipeline system, extensive truck fleet, rail terminal and barge facility,” said Barry E. Davis, EnLink Midstream President and Chief Executive Officer. “It is a major step forward for EnLink and one that positions us in the heart of the gas and condensate production fairway in this region. This project will create significant value our customers by providing multiple take-away options for stabilized condensate and access to premium priced markets.”
About the EnLink Midstream Companies
EnLink Midstream is a leading midstream provider formed through the combination of Crosstex Energy and substantially all of the U.S. midstream assets of Devon Energy. EnLink Midstream is publicly traded through two entities: EnLink Midstream, LLC (NYSE: ENLC), the publicly traded general partner entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master limited partnership.
EnLink Midstream’s assets are located in many of North America’s premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale. Based in Dallas, Texas, EnLink Midstream’s assets include approximately 8,800 miles of gathering and transportation pipelines, 13 processing plants with 3.4 billion cubic feet per day of net processing capacity, seven fractionators with 252,000 barrels per day of net fractionation capacity, as well as barge and rail terminals, product storage facilities, brine disposal wells, an extensive crude oil trucking fleet and equity investments in certain private midstream companies.
Additional information about the EnLink Midstream companies can be found at www.EnLink.com.
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by EnLink Midstream Partners, LP, EnLink Midstream, LLC, and Ohio River Valley Pipeline, LLC (collectively, “EnLink Midstream Companies”) based upon management’s experience and perception of historical trends, current conditions, expected future developments and other factors the EnLink Midstream Companies believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to forecasts regarding capacity, the location of the pipeline, the receipt points and destination points of the pipeline and timing for the project discussed above. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the EnLink Midstream Companies, which may cause the EnLink Midstream Companies’ actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, risks discussed in the EnLink Midstream Companies’ filings with the Securities and Exchange Commission. The EnLink Midstream Companies have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.