Time to Congratulate Devon & Crosstex on the Birth of EnLink

As we previously told you, Devon Energy, a drilling company with some midstream assets, and Crosstex Energy, a midstream company, were due to merge (see Crosstex Energy Gets a Name Change, Merger with Devon Proceeds). It was quite a while in coming–lots of lawyers reviewing every syllable of every paper.

Last Friday the two companies announced they have finally, fully, irrevocably tied the merger knot and together they have delivered a bouncing baby…midstream company. They named the new baby EnLink. Time for a cigar…

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