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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