Announced
Financials
Tags
Friendly
Acquisition
United States
natural gas
Gas Distribution
Majority
Pending
Domestic
Private
Joint Venture
Synopsis
WhiteWater, an infrastructure company, EnLink Midstream, a natural gas transmission company, Devon Energy, an energy company engaged in hydrocarbon exploration, and MPLX, a midstream energy infrastructure and logistics assets operator, agreed to form a joint venture. Financial terns were not disclosed. “WhiteWater is excited to partner with EnLink, Devon, and MPLX to develop incremental gas transportation out of the Permian Basin as production continues to grow in West Texa. Matterhorn will provide premium market access with superior flexibility for Permian Basin shippers while playing a critical role in minimizing flared volumess,”Christer Rundlof, WhiteWater CEO.
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