EnLink Midstream Signs Definitive Agreement to Acquire Delaware Basin Assets

DALLAS--(BUSINESS WIRE)--The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together with its subsidiaries “EnLink”), today announced that a subsidiary of the Partnership signed a definitive agreement to acquire gathering and processing assets in the Delaware Basin (the “Delaware Basin System”) from a subsidiary of Matador Resources Company (NYSE:MTDR) (“Matador”) for approximately $143 million, subject to certain adjustments. The strategic acquisition positions EnLink in the Delaware Basin as a full-service midstream provider, with Matador as a high-quality producer customer. The acquisition complements the Partnership’s crude oil gathering, transportation and marketing services in the Delaware Basin region, which EnLink entered into when it acquired LPC Crude Oil Marketing LLC in February 2015.