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PennTex Midstream Partners, LP

Company Summary

Description

PennTex Midstream Partners, LP provides natural gas gathering and processing and residue gas and natural gas liquids transportation services to producers in northern Louisiana. ETP owns the general partner of the Partnership.

Website

http://public.penntex.com/

Financial Data:

NASDAQ:PTXP from Google Finance

Tickers:

  • PTXP - NASDAQ

Related Entities

Recent news

Company Transactions

Date: 6/19/2017
Type: Acquisition

BUYERS:
  • Energy Transfer Operating, L.P.
    • SELLERS:
  • PennTex Midstream Partners, LP
    • DETAILS:
    NOTES:
    Energy Transfer reported plans to acquire all outstanding common units representing limited partner interest in PennTex Midstream Partners. Currently, Energy Transfer owns 32.4% of PennTex's common units and it will purchase further units for $20.00 per common unit to boost ownership to 80%.

    Date: 12/31/2016
    Type: Acquisition

    BUYERS:
  • Energy Transfer Operating, L.P.
    • SELLERS:
  • PennTex Midstream Partners, LLC
  • PennTex Midstream Partners, LP
    • DETAILS:

    COST: 640 $MM

    NOTES:
    Acquisition of a 100% stake in PennTex Midstream Partners, LLC, equating to a total 65% share in PennTex Midstream Partners, LP.
    REGIONS:
  • East Texas/Louisiana