DEVON ENERGY CORP/DE — Director's Dealing 2018

Jul 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EnLink Midstream, LLC (ENLC)
CIK: 0001592000
Period of Report: 2018-07-18

Reporting Person: DEVON ENERGY CORP/DE (See Remarks.)
Reporting Person: DEVON ENERGY CORP /OK/ (See Remarks)
Reporting Person: DEVON GAS CO., L.L.C. (See Remarks)
Reporting Person: Devon Gas Operating, Inc. (See Remarks)
Reporting Person: Devon Gas Services, L.P. (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-18	Common Units	S	115495669	—	Disposed	0	Indirect

Footnotes

F1: Devon Gas Services, L.P. ("Devon Gas Services"), Southwestern Gas Pipeline, L.L.C. ("Southwestern Gas"), EnLink Midstream Manager, LLC (the "Manager"), GIP III Stetson I, L.P. ("MLP Acquiror"), GIP III Stetson II, L.P. ("ENLC Acquiror") and, solely for certain purposes described therein, Devon Energy Corporation ("Devon") are parties to a Purchase Agreement, dated June 5, 2018 (the "Purchase Agreement"). On July 18, 2018, the parties to the Purchase Agreement consummated the transactions contemplated thereby, pursuant to which, among other things, (a) Devon Gas Services transferred to ENLC Acquiror 115,495,669 common units representing limited liability company interests in the Issuer,

F2: (Continued from Footnote 1) (b) Devon Gas Services transferred to MLP Acquiror (i) 87,128,717 common units representing limited partner interests in EnLink Midstream Partners, LP ("ENLK") and (ii) all of the outstanding limited liability company interests in the Manager and (c) Southwestern Gas transferred to MLP Acquiror 7,531,883 common units representing limited partner interests in EnLink Midstream Partners, LP ("ENLK"), for an aggregate consideration of $3,125,000,000.

F3: Devon Gas Services is an indirect wholly-owned subsidiary of Devon. Devon is a public company and owns 100% of the outstanding common stock of Devon Energy Corporation (Oklahoma) ("Devon OK"). Devon OK owns 100% of the limited liability company interests of Devon Gas Co., L.L.C. ("Devon Gas Co."). Devon Gas Co. owns 100% of the limited partner interests of Devon Gas Services and 100% of the outstanding common stock of Devon Gas Operating, Inc., the general partner of Devon Gas Services.