How Enable Midstream Benefits from Position in SCOOP and STACK


Nov. 18 2016, Updated 12:04 p.m. ET

Enable Midstream’s SCOOP and STACK plays

Enable Midstream Partners (ENBL) is expected to benefit the most from increased drilling activity in the SCOOP[1. South Central Oklahoma Oil Province] and STACK[2. Sooner Trend Anadarko Canadian Kingfisher] plays. The company is the top processor in the region with a market-leading active rig count of 23.

EnLink Midstream Partners (ENLK) is another MLP that’s bullish on expansion opportunities in these plays.

Article continues below advertisement

New agreement with STACK producer

ENBL recently announced a new ten-year gas processing contract with an active STACK producer. It replaced an existing POP (percentage of proceeds) contract with a fixed-fee contract, which is expected to lower ENBL’s commodity price exposure. It also received an additional 61,400 acres of dedication in the STACK region.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.