EnLink CEO sees a rebound in crude oil prices between 90 days and a year.
Producers are revisiting expansion and investment strategies after oil fell more than 50% over the last six months.
The company’s newly released 30-year energy outlook anticipates major gains in developing nations.
The timing couldn’t have been better for MLPs to make deals in 2014, as midstream companies looked to the exits in an ever-competitive environment.
The pipeline is estimated to cost approximately $300 million, subject to final pipeline design and shipper commitments, and is anticipated to be financed using a combination of debt and equity.
With many U.S. projects using a tolling model for their contracted volumes, those with contracts already secured have little need for concern.
Barclays and Citigroup will act as joint book-running managers and structuring agents for the offering.
The 2015 capital program is lower than spending levels in recent years.
Proceeds will be used to fund the development, construction and placement into service of the Corpus Christi Liquefaction Project.
The offering is in connection with its proposed merger with Atlas Pipeline Partners.
EFS, owned by Pioneer and Reliance Industries, is expected to sell for more than $3 billion.
The combination creates one of the largest gathering and processing systems in the Haynesville and Cotton Valley plays.