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.
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.