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EnLink acquires pipeline from Devon Energy

Acquisition includes truck terminal and storage assets.
EnLink acquires pipeline from Devon Energy

EnLink has completed the acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy. The VEX pipeline is a 56 mi. multi-grade crude oil pipeline with a current capacity of approximately 50,000 b/d and, following completion of currently-underway expansion projects, will have a capacity of approximately 90,000 b/d.

Other VEX assets at the destination of the pipeline include an eight-bay truck unloading terminal, 200,000 barrels of above-ground storage and rights to barge loading docks. Also included in the transaction are facilities near the origin of the pipeline that are currently under construction, including an eight-bay truck unloading terminal and 160,000 bbl of above-ground storage.

Image from EnLink

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