initial public offerings (IPOs) trading on American exchanges

Thursday, June 4, 2015

Penntex Midstream Partners (PTXP) began trading on the NASDAQ on 4 June 2015

PennTex Midstream Partners, LP is a limited partnership focused on owning, operating, acquiring and developing midstream energy infrastructure assets in North America. The Company's Phase I assets include Lincoln Parish Plant, which is a 200 million cubic feet per day (MMcf/d) cryogenic natural gas processing plant located near Arcadia, with on-site NGL storage and truck loading facilities; PennTex Gathering Pipeline, which is a 35-mile natural gas gathering system, consisting of 30.3 miles of 12 inch pipeline, 1.4 miles of 20 inch pipeline and 3.1 miles of 24 inch pipeline that provides producers access to its processing plants and to the Minden Plant, with available capacity of 400 MMcf/d to its processing plants and 50 MMcf/d to the Minden Plant and PennTex Residue Gas Pipeline, which is a one mile, 24 inch residue natural gas header with 400 MMcf/d of capacity that provides market access for residue natural gas from the Lincoln Parish Plant for delivery to third-party pipelines.


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