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Enable Midstream Could Benefit from Strong STACK Focus in 4Q16

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Feb. 14 2017, Updated 4:05 p.m. ET

SCOOP and STACK position

Enable Midstream Partners (ENBL) is expected to benefit the most from increased drilling activity in the SCOOP and STACK plays in 4Q16. The partnership is the top processor in the region. It’s the market leader with 23 active rigs. EnLink Midstream Partners (ENLK) is another MLP that’s bullish on expansion opportunities in these plays.

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New agreement with a STACK producer

Recently, Enable Midstream Partners announced a new ten-year gas processing contract with an active STACK producer. It replaced an existing percentage of proceeds contract with a fixed-fee contract. It’s expected to lower Enable Midstream Partners’ commodity price exposure. It received an additional 61,400 acres of dedication in the STACK region.

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