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EnLink Midstream

#2204

Rank

$6.45B

Marketcap

US United States

Country

EnLink Midstream
Leadership team

Mr. Benjamin D. Lamb (Exec. VP & CFO)

Mr. Jesse Arenivas (CEO & Director of Enlink Midstream Mang. LLC)

Ms. Alaina K. Brooks (Exec. VP, Chief Legal & Admin. Officer and Sec. of EnLink Midstream Mang. LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Dallas, Texas, United States
Established
1992
Company Registration
SEC CIK number: 0001592000
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ENLC
Social Media
Overview
Location
Summary
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services. Its midstream energy asset network includes approximately 12,100 miles of pipelines; 22 natural gas processing plants;7 fractionators with approximately 320,000 barrels per day; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.
History

Devon was founded in 1971 by John Nichols and his son, J. Larry Nichols. In 1988, the company became a public company via an initial public offering.

In August 2000, the company was added to the S&P 500. In 2004, Devon was one of several companies in the petroleum industry for which shareholder resolutions were introduced that would have required the companies to monitor their effects on climate change. In August 2008, co-founder John Nichols died.In March 2010, the company sold assets in Brazil, Azerbaijan, and the Gulf of Mexico to BP for $7 billion. In October 2012, the company completed construction of its current headquarters, the 50-story Devon Energy Center in Oklahoma City, Oklahoma and closed its office in the Allen Center in Downtown Houston. In April 2014, the company sold its conventional assets in Canada to Canadian Natural Resources for C$3.125 billion. In June 2014, the company sold assets to Linn Energy for $2.3 billion.In August 2015, Dave Hager was named president and chief executive officer of the company. In February 2016, Devon announced plans to lay off 1,000 employees, including 700 in Oklahoma City, and cut its dividend as part of a cost-cutting effort due to low prices of its products. In 2017, the company sold its Lavaca County assets in the Eagle Ford. In June 2019, the company sold its assets in Canada to Canadian Natural Resources for CAD $3.8 billion. In November 2019, the company almost capped a blowout at a natural gas well, which prompted authorities to seal off thousands of acres of land near the Eagle Ford Shale towns of Yorktown and Nordheim. Crews were able to install a capping stack on the well to reduce natural gas flowing from the well.

Acquisitions

Mission
EnLink Midstream's mission is to create andreturn value through the development, investment, and operation of midstream assets that focus on operational excellence while ensuring safety and reliability.
Vision
We are the premier partner in the midstream business, providing access to North America's most attractive unconventional plays and relentlessly pursuing high performance standards.
Key Team

Mr. Walter Pinto (Exec. VP & COO)

Mr. Jan Philipp Rossbach (VP & Chief Accounting Officer)

Mr. Brian Joseph Brungardt Jr., C.F.A. (Director of Investor Relations)

Ms. Rhonda L. Price (Sr. VP of HR - Enlink Midstream Mang. LLC)

Mr. Jill McMillan (VP of Strategic Relations & Public Affairs)

Mr. Justin Griffin (Sr. VP of Bus. & Corp. Devel.)

Ms. Cynthia L. Jaggi (Sr. VP of Oklahoma)

Recognition and Awards
EnLink Midstream, LLC has been recognized as a top workplace and received many awards as a corporation throughout the years, including the National Association of Corporate Directors' 2018–2019 Top Boards and 2019 Governance Team of the Year award and the 2019 Corporate Responsibility Officer magazine's CRO of the Year.
References

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EnLink Midstream
Leadership team

Mr. Benjamin D. Lamb (Exec. VP & CFO)

Mr. Jesse Arenivas (CEO & Director of Enlink Midstream Mang. LLC)

Ms. Alaina K. Brooks (Exec. VP, Chief Legal & Admin. Officer and Sec. of EnLink Midstream Mang. LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Dallas, Texas, United States
Established
1992
Company Registration
SEC CIK number: 0001592000
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ENLC
Social Media