EnLink Midstream’s Primary Focus in the Marcellus/Utica is…

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primary focusEnLink Midstream, the newly combined Crosstex Midstream + Devon Energy midstream division, has announced a "drop down transaction"--which means on paper they transferred assets from one corporate entity to another--both entities owned by EnLink. That is, they sold themselves their own assets. On paper, the "transaction" is valued at $192 million and includes E2 Appalachian Compression, LLC and E2 Energy Services, LLC, both subsidiaries with operations in the Marcellus/Utica. Beyond the financial mumbo jumbo in their announcement, MDN found one line of interest that talks about what, exactly, EnLink's "primary focus" in the Marcellus/Utica is...

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