PennTex Midstream Partners, LP

General Information
Business:

We are a growth-oriented limited partnership focused on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. Our parent, PennTex Development, was formed by NGP and members of our management team to develop a multi-basin midstream growth platform, initially focused on organic growth projects in partnership with oil and natural gas producers affiliated with NGP. NGP’s large portfolio of oil and gas investments provides our parent with a source of potential development and partnership opportunities. We intend to leverage our relationships with NGP and our parent with a view to becoming a leading midstream energy company serving attractive oil and natural gas basins in North America. Our initial assets will be supported by 15-year, fee-based commercial agreements, containing minimum volume commitments and firm capacity reservations, with Memorial Resource (NASDAQ: MRD), an NGP-affiliated independent natural gas and oil company focused on the development of liquids-rich natural gas opportunities in multiple zones in the overpressured Cotton Valley formation in northern Louisiana.

Industry: NATURAL GAS TRANSMISSION
Employees:
Founded: 2014
Contact Information
Address 11931 Wickchester Ln., Suite 300, Houston, TX 77043, US
Phone Number (832) 456-4000
Web Address http://www.penntex.com
View Prospectus: PennTex Midstream Partners, LP
Financial Information
Market Cap $400.0mil
Revenues $0.02 mil (last 12 months)
Net Income $-7.8 mil (last 12 months)
IPO Profile
Symbol PTXP
Exchange NASDAQ
Shares (millions): 11.3
Price range $20.00 - $20.00
Est. $ Volume $225.0 mil
Manager / Joint Managers Citigroup/ Barclays/ RBC Capital Markets/ Wells Fargo Securities
CO-Managers Deutsche Bank Securities/ J.P. Morgan/ SunTrust Robinson Humphrey/ Tudor, Pickering, Holt & Co./ Raymond James/ Baird/ Stifel/Wunderlich
Expected To Trade: 6/4/2015
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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