Devon Energy, Crosstex Energy Complete Transaction To Create EnLink Midstream

(RTTNews) - Devon Energy Corp. (DVN) and EnLink Midstream Partners, LP announced the completion of the previously announced transaction to combine substantially all of Devon's U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P.

The company noted that Crosstex Energy, Inc. stockholders overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement among Crosstex Energy, Inc., Devon and certain of Devon's subsidiaries.

Following closing, two publicly traded entities will exist: a general partner entity and the master limited partnership, which will operate under the legal names EnLink Midstream, LLC and EnLink Midstream Partners, LP, respectively.