💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Enlink Midstream agrees to monetize $275 million of non-core assets

Published 2016-12-20, 05:58 p/m
© Reuters.  BRIEF-Enlink Midstream agrees to monetize $275 million of non-core assets
NG
-

Dec 20 (Reuters) - Enlink Midstream Llc ENLC.N :

* Enlink Midstream agrees to monetize $275 million of non-core assets, expands presence in stack, and emphasizes long-term commitment to core growth areas

* Enlink Midstream - entered definitive agreement to divest approximately 31 percent common ownership interest in Howard Midstream Energy Partners Llc

* Enlink Midstream Llc - net proceeds will fund majority of expected equity needs for Enlink's 2017 capital expenditures program

* Enlink Midstream -proceeding with development of Chisholm III; expected to be operational by year-end 2017

* Enlink Midstream -Alberta Investment Management Corp and management will acquire a common ownership stake in HEP as a result of Enlink's divestiture

* Enlink Midstream -closed a transaction to sell approximately 140 miles of natural gas transportation pipeline in North Texas

* Enlink Midstream - in separate transaction, co signed, closed agreement to sell North Texas pipeline assets in Barnett Shale to Atmos Energy Corp Source text for Eikon: ID:nPn5g9SMFa Further company coverage: ENLC.N

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.