Tag Archives: M&A natural gas

EnLink Midstream Forms JV with NGP to Expand in Delaware Basin

General partner EnLink Midstream and NGP Natural Resources XI formed a joint venture to operate and expand natural gas, natural gas liquids and crude oil midstream assets in the liquids-rich Delaware Basin. The new Lobo II expansion will include a cryogenic natural gas processing facility with capacity up to 120 MMcf/d and associated natural gas and liquids gathering pipeline infrastructure in Loving County, TX, and Eddy and Lea counties, New Mexico. “The experience and expertise of EnLink and NGP are highly complementary, reinforcing our commitment to maintaining our strong balance sheet, while providing financial flexibility […]