At a Glance - PennTex Midstream Partners

At a Glance
The Facts
PennTex Midstream Partners, LP (PennTex) is a publicly-traded master limited
partnership headquartered in Houston, Texas.
PennTex is a growth-oriented master limited partnership focused on owning,
operating, acquiring and developing midstream energy infrastructure assets
in attractive oil and natural gas basins in North America through strategic
relationships with our customers.
PennTex provides natural gas gathering and processing and residue gas and
natural gas liquids transportation services to producers in the Terryville Complex
in northern Louisiana.
PennTex’s initial assets are supported by 15-year, fee-based commercial
agreements with an anchor customer in the Terryville Complex and a 15-year
area of mutual interest and exclusivity agreement to provide future midstream
infrastructure requirements for its anchor customer.
PennTex’s parent, PennTex Development, was formed by affiliates of Natural
Gas Partners (NGP) and members of its management team to develop a multibasin midstream growth platform with an initial focus on organic growth projects
in partnership with oil and natural gas producers affiliated with NGP.
PennTex’s seasoned management team collectively has over 200 years of
experience building and operating public and private midstream companies and
executing successful midstream M&A transactions.
PennTex Development owns and manages midstream assets in the Permian
Basin that, combined with management’s industry relationships, will provide
PennTex with significant future growth opportunities.
PennTex is committed to maintaining the highest standards of safety for both
the public and our employees, and protecting the environment.
Senior Leadership
Thomas F. Karam
CEO
Served on Board
Robert O. Bond
COO
Steven R. Jones
CFO
Michael J. Moran
SVP AND CHIEF
OPERATIONS &
ENGINEERING OFFICER
L. Thomas Stone
SVP AND CHIEF
OPERATIONS
& ENGINEERING
OFFICER
Steven M. Moore
GENERAL COUNSEL
Kenneth E. Hertel
CONTROLLER
Chris E. Staffel
VP OF ADMINISTRATION
Andrejka Bernatova
VP OF FINANCE
Current Assets
PennTex Midstream Partners LP’s initial partnership assets are located in northern
Louisiana. They consist of two processing plants, a gathering pipeline system, an NGL
pipeline and a residue natural gas pipeline.
Partnership
Assets,Assets
Louisiana
North Louisiana
0
5
10
20
Lafayette
30
PENNTEX GATHERING PIPELINE
35 miles long
Provides access to Lincoln Parish
Plant, Mt. Olive Plant and DCP’s
Minden Plant
Union
M IL E S
Arkansas
Columbia
Ashley
MT. OLIVE PLANT
200 MMcf/d processing capacity
15–year
fixed fee contract
Morehouse
Expected to commence operations
October 2015
Claiborne
PENNTEX RESIDUE GAS PIPELINE
Union
Caddo
24” residue natural gas header
Total capacity of atBossier
least 400 MMcf/d
Provides market access for residueWebster
natural gas from both plants
Mississippi
Lincoln
Caddo
Texas
Ouachita
Bienville
Richland
PENNTEX NGL PIPELINE
LINCOLN PARISH PLANT
De Soto
Mt. Olive Plant
PennTex Gathering Pipeline
PennTex NGL Pipeline
PennTex Gas Pipeline
Lincoln Parish Plant
200 MMcf/d
processing capacity
15–year fixed fee
contract
Commenced
Redoperations
River
in
May 2015
Jackson
40 miles of 10” pipeline
Provides for deliveries
from both plants
Caldwell
Total capacity of over
36,000 barrels per day
Expected in-service date of
October 2015
Louisiana
La Salle
Area of
activity
Franklin
Louisiana