Devon Energy Corp DVN:NYSE

Last Price$59.46NYSE Previous Close - Last Trade as of 7:00PM ET 6/28/22

Today's Change+1.67(2.89%)
Bid (Size)$59.00 (1)
Ask (Size)$60.00 (5)
Day Low / High$58.05 - 60.49

EnLink Midstream, Devon Energy, MPLX Give Construction Go-Ahead on Matterhorn Express Pipeline

5:08AM ET 5/20/2022 MT Newswires
EnLink Midstream (ENLC), Devon Energy (DVN), MPLX (MPLX) and WhiteWater said late Thursday they will move forward with construction of the Matterhorn Express pipeline.

The decision came after the firms secured sufficient firm transportation agreements with shippers, according to the announcement

The pipeline was designed to transport up to 2.5 billion cubic feet per day of natural gas to the Katy area near Houston, Texas from Waha, Texas.

Supply will come from multiple upstream connections in the Permian Basin and a direct connection to the Agua Blanca pipeline, a joint venture between infrastructure company WhiteWater and fuels distributor MPLX.

Matterhorn is targeted to be in service in Q3 2024, pending customary regulatory and other approvals.