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New Deal


Announced

WhiteWater, EnLink Midstream, Devon Energy and MPLX to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

United States

natural gas

Gas Distribution

Majority

Pending

Domestic

Private

Joint Venture

Synopsis

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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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