Ergon, Inc. acquired Ohio River Valley Operations from EnLink Midstream, LLC for $59.7 million.
November 31, 2023
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Ergon, Inc. acquired Ohio River Valley Operations from EnLink Midstream, LLC (NYSE:ENLC) for $59.7 million on November 1, 2023. EnLink sold certain ORV crude assets in Louisiana segment to Ergon, Inc. in exchange for cash consideration of approximately $59.2 million, subject to post-closing purchase price adjustments, and a contingent payment of an additional $0.5 million subject to the buyer?s pursuit of certain commercial opportunities within three years after the acquisition date.
Ergon, Inc. completed the acquisition of Ohio River Valley Operations from EnLink Midstream, LLC (NYSE:ENLC) on November 1, 2023.
EnLink Midstream, LLC provides integrated midstream infrastructure services for natural gas, crude oil, condensate, and NGLs, as well as CO2 transportation for carbon capture and sequestration (CCS). The Companyâs segments include Permian, which includes its natural gas gathering, processing, and transmission activities and its crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico; Louisiana, which includes its natural gas and NGL transmission pipelines, natural gas processing plants, natural gas and NGL storage facilities, and fractionation facilities located in Louisiana; Oklahoma, which includes its natural gas gathering, processing, and transmission activities, and its crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and adjacent areas, and North Texas, which includes natural gas gathering, processing, and transmission activities in North Texas.
ENLINK MIDSTREAM, LLC 
