Professional Documents
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PennTex Midstream Partners, LP (NASDAQ: PTXP) owns PTXP’s private parent company acquired 98.5% of
and operates natural gas gathering and processing and Atlantic Midstream, LLC (now named “PennTex
residue gas and NGL transportation services to Permian”) from Atlantic Exploration (now a Centennial
producers in the Terryville Complex in northern Resource Development subsidiary and an NGP portfolio
Louisiana, including MRD Operating, LLC company)
Area of Mutual Interest and Exclusivity Agreement System continues to expand and now includes:
grants PTXP the exclusive right to provide midstream □ 80+ miles of low pressure 12” gas pipeline, 35+
services to MRD in dedicated area, including all miles of intermediate pressure 12” gas pipeline with
field compression
undedicated volumes and all volumes that become
□ 60 MMcf/d of cryogenic processing capacity
available at the end of any prior commitment
□ 8” NGL pipeline with capacity to deliver 7,800 bbl/d
PTXP currently operates one 200 MMcf/d cryogenic □ Plant residue line interconnect with El Paso Natural
plant and is constructing a second 200 MMcf/d Gas, duel meter interconnect for redundancy with
cryogenic plant scheduled to come online in October the capacity to deliver in excess of 120 MMcfd
2015. Once complete the two plants will be capable of Over 60k gross acres from several producers dedicated
processing a total of 400 MMcf/d. PTXP’s 15-year to the processing plant under long-term agreements.
processing agreement with MRD has an escalating Long term gas and liquid sales agreements in place
minimum throughput commitment that reaches 400 supporting takeaway reliability in-place and active
MMcf/d beginning in July 2016 discussions with other producers in the region to
PTXP has built or acquired over 100 miles of gas expand footprint
gathering, NGL takeaway and residue pipelines to
support its two cryogenic plants and the production of
MRD and other Terryville producers.
22
PennTex Permian Platform Detail
Gathering System NM
field compression TX
□ Residue gas delivered into El Paso’s 36” pipeline in Reeves Compr essor
Station 5
Plant
EPNG
Delivery Compressor
County, TX
Station 1
Dedicated Acreage
□ Firm agreement in place for sale of NGL’s to Lone Star
20” Loop
Line Phase 2
Vs.
One Year Ago?
55
Trending Rig Activity
66
How is drilling affected?
Today?
Crude trading ~$50/brl
77
Infrastructure development is similar when drilling
for optimal production or to hold acreage
Gas
Processing
Plant
plus
15
miles
of
Gathering
&
Compression Gas
Processing
Plant
plus
15
miles
of
Gathering
&
Compression
18,000
Mcf/day
Production 7,000
Mcf/day
Production
Benchmarking Gas Production with Pipeline and Processing Capacity
Longer Laterals
Large Completions