Devon to Sell Interests in EnLink Midstream for $3.1 Billion, Reduce Debt

SUGAR LAND--June 7, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil & Gas producer Devon Energy Corporation (NYSE: DVN) (Oklahoma City) said Wednesday it will sell its EnLink Midstream (Dallas, Texas) stakes to an affiliate of Global Infrastructure Partners (GIP) (New York City, New York) for $3.1 billion. EnLink executives welcomed the move, saying it is in line with their growth strategy. Industrial Info is tracking 20 active EnLink-related projects valued at nearly $613 million in Oklahoma, Texas and Louisiana.

Within this article: Details of the Thunderbird cryogenic natural gas processing plant project in Oklahoma. Companies featured: EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC)