Oil, Gas and Consumable Fuels
Company Overview of EnLink Midstream Partners, LP
EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It is engaged in the gathering, transmission, processing, fractionation, and marketing natural gas, natural gas liquids (NGLs), crude oil, and condensate. The company connects the wells of natural gas producers to its gathering systems; processes natural gas for the removal of NGLs; fractionating NGLs into purity products; marketing those purity products; and transporting natural gas. It also purchases natural gas from natural gas producers and other supply sources, and sells that natural gas to utilities, industrial consumers, other marketers, and pipelines. In addition...
2501 Cedar Springs Road
Dallas, TX 75201
Founded in 1992
Key Executives for EnLink Midstream Partners, LP
Chief Executive Officer of Crosstex Energy GP LLC
Total Annual Compensation: $1.0M
Chief Financial Officer of Crosstex Energy GP LLC
Total Annual Compensation: $574.1K
Chief Operating Officer of Crosstex Energy Gp LLC and Executive Vice President of Crosstex Energy Gp LLC
Total Annual Compensation: $661.6K
Senior Vice President of Engineering & Operations of Crosstex Energy Gp
Total Annual Compensation: $413.3K
Compensation as of Fiscal Year 2013.
EnLink Midstream Partners, LP Key Developments
EnLink Midstream, LLC and EnLink Midstream Partners, LP Announce Executive Changes
Sep 11 14
EnLink Midstream, LLC and EnLink Midstream Partners, LP announced that Alaina K. Brooks has been selected to succeed Joe A. Davis as Senior Vice President, General Counsel, and Secretary, pending approval by the boards of directors. Mr. Davis is resigning following nine years of service to EnLink Midstream (formerly known as Crosstex Energy). Ms. Brooks has served in several legal roles within EnLink Midstream since joining the company in 2008, most recently as Deputy General Counsel. In her new role, she will serve on EnLink Midstream's Senior Leadership Team, as well as lead the company's legal and regulatory functions. Before joining the company in 2008, Ms. Brooks practiced law at Weil, Gotshal & Manges LLP and Baker Botts L.L.P., where she counseled clients on matters of complex commercial litigation, risk management, and taxation.
EnLink Midstream Partners, LP and EnLink Midstream, LLC to Construct New 45-Mile, Eight Inch Condensate Pipeline and Six Natural Gas Compression and Condensate Stabilization Facilities
Aug 18 14
EnLink Midstream Partners, LP and EnLink Midstream, LLC 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 $250 million, roughly doubling the capital EnLink Midstream has invested in the Ohio River Valley to more than $500 million. 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 leading 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. The new-build stabilized condensate pipeline will connect to the Partnership's existing 200-mile pipeline in eastern Ohio and West Virginia, providing producer customers in the region access to premium market outlets through the Partnership's Bells Run barge facility and Black Run rail terminal. The pipeline, which is expected to be complete in the second half of 2015, will have an initial capacity of approximately 50,000 barrels per day and is expandable based on customer interest. The Partnership expects to hold an open season for the pipeline in the Fall of 2014. The partnership will also build and operate six natural gas compression and condensate stabilization facilities in Noble, Belmont, and Guernsey counties. Upon completion, the facilities will have a combined capacity of approximately 560 million cubic feet per day of natural gas compression and approximately 41,500 bpd of condensate stabilization. The partnership expects the first two compression and condensate stabilization facilities to be operational in the second half of 2014 and the remaining four facilities to be operational by the end of 2015. In support of the project, the partnership will leverage and expand its existing midstream assets in the region, including increasing condensate storage capacity and handling capabilities at its Bells Run barge terminal on the Ohio River. The partnership will add approximately 120,000 barrels of above ground storage, bringing its total storage capacity at the barge facility to over 360,000 barrels. Additionally, the partnership will increase the flexibility of its existing and new assets to handle and ship multiple grades of crude oil and stabilized condensate. The Bells Run barge terminal provides access to leading crude and condensate markets in the Utica Region and these enhancements will enable further growth in the near and long term. The partnership will also utilize its Black Run rail terminal to export growing volumes of crude oil and stabilized condensate. The rail facility offers customers in the Utica Shale an existing solution to export multiple products, including light oil condensate and various grades of crude oil, at a rate of 24,000 bpd. The new condensate pipeline and gathering system, as well as the natural gas compression and condensate stabilization facilities, including the two stabilization facilities announced recently for Antero Resources, represent a major expansion of EnLink Midstream's assets in the Utica Shale. Following completion of these projects, the partnership will own and operate over 250 miles of pipeline, 11 natural gas compression and condensate stabilization facilities with a total capacity of approximately 1.2 billion cubic feet per day and 60,000 bpd, respectively, a fleet of over 110 trucks, and eight brine disposal wells.
EnLink Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014
Aug 14 14
EnLink Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States. Speakers: Ben Lamb, Vice President of Finance and Corporate Development, Michael J. Garberding, Chief Financial Officer of Crosstex Energy GP LLC, Principal Accounting Officer of Crosstex Energy GP LLC and Executive Vice President of Crosstex Energy GP LLC.
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