PENNTEX MIDSTREAM PARTNERS, LP (NASDAQ:PTXP) Files An 8-K Other Events
Item8.01.
| Other Events. |
On June1, 2017, PennTex Midstream Partners, LP (the Partnership)
issued a press release announcing that the conflicts committee of
the board of directors of the Partnerships general partner has
recommended, on behalf of the Partnership, that the Partnerships
common unitholders accept the previously announced tender offer
by Energy Transfer Partners, L.P. to acquire all of the
outstanding common units representing limited partner interests
in the Partnership. The press release is attached as Exhibit
99.1.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press release dated June1, 2017 |
About PENNTEX MIDSTREAM PARTNERS, LP (NASDAQ:PTXP)
PennTex Midstream Partners, LP focuses on owning, operating, acquiring and developing midstream energy infrastructure assets, with an initial focus in northern Louisiana. The Company provides natural gas gathering and processing, and residue gas and natural gas liquids (NGL) transportation services to producers in northern Louisiana primarily focused in the Terryville Complex of the Cotton Valley formation. Its assets include the Lincoln Parish plant, an approximately 200 million cubic feet per day (MMcf/d) design-capacity cryogenic natural gas processing plant located near Arcadia, Louisiana, and an approximately 40-mile natural gas liquid (NGL) pipeline that provides connections to the Mont Belvieu market for NGLs produced from its processing plants. PennTex Development is the parent company of the Company. Under its residue gas and NGL transportation agreements, it transports all of the residue gas and NGLs produced on behalf of Memorial Resource at its processing plants. PENNTEX MIDSTREAM PARTNERS, LP (NASDAQ:PTXP) Recent Trading Information
PENNTEX MIDSTREAM PARTNERS, LP (NASDAQ:PTXP) closed its last trading session 00.00 at 19.93 with 294,277 shares trading hands.
