EnLink Midstream completes acquisition of Delaware Basin assets

A subsidiary of the EnLink Midstream companies – EnLink Midstream Partners LP (NYSE: ENLK) (the Partnership) and EnLink Midstream LLC (NYSE: ENLC) (the General Partner) (together with its subsidiaries “EnLink”) – has completed its acquisition of gathering and processing assets in the Delaware Basin from a subsidiary of Matador Resources Co. (NYSE: MTDR).

“We are pleased to complete this acquisition which complements our existing natural gas and crude oil gathering, transportation, and marketing services in the Delaware Basin,” said Barry E. Davis, EnLink Midstream president and CEO. “This acquisition solidifies our commitment to grow in West Texas and brings our capital investment in the area to over $1.5 billion.”

Davis added that the company planned to execute on approximately $250–350 million of additional growth capital in the Delaware Basin over the next 18 months to expand its presence in the region.

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