With the sale of its EnLink Midstream stake, Devon Energy has now surpassed its $5 billion divestiture target. The U.S. shale producer sold its ownership interest to fund manager Global Infrastructure Partners (GIP) for $3.125 billion. Analysts from Tudor, Pickering, Holt & Co. praised the move by Devon saying it will simplify the company’s structure and accelerate value. EnLink’s senior vice president of strategic process transformation, Cindy Jaggi, spoke with Hart Energy at the Midstream Texas Conference and Exhibition on June 6 about the announcement and said EnLink is excited for this opportunity to work with GIP. “We are very excited to have GIP—Global Infrastructure Partners—as a new strategic partner for EnLink. Devon has been an amazing customer and a very big supporter of EnLink for a very long time. However, I really feel like this is just a great win-win situation for all of us to continue to grow the EnLink organization.”

In A&D news, two E&P behemoths are joining forcesto form a pure-play Midland Basin company with more than 70,000 acres in the basin’s core. George Solich’s FourPoint Energy and Double Eagle Energy will form DoublePoint Energy. Solich will serve as executive chairman while Double Eagle’s founders John Sellers and Cody Campbell will serve as the company’s co-CEOs.

Lastly, it was a good week for minerals A&D astwo deals totaled more than $1.2 billion. Kimball Royalty Partners agreed to acquire one of the largest mineral and royalty acquisition companies, Haymaker Minerals & Royalties, for a cash-and-stock deal worth about $404 million. Less than a week later, blank-check company Osprey Energy Acquisition Corp. said it will acquire Blackstone Energy Partners’ entire portfolio of mineral interests in the Eagle Ford Shale for roughly $800 million in cash and stock.