PennTex Goes Public With IPO of MLP
| Announce Date |
September 30,2014 |
| Value ( $MM ) |
225 |
| Type |
IPO |
| Use of Fund |
General Purpose |
| Company |
Penntex Midstream Partners LLC |
| Regions |
Ark-La-Tex - North Louisiana |
| Country |
United States |
| Play |
Cotton Valley,Haynesville Shale |
Details
PennTex Midstream Partners LP has filed with regulators for an IPO of common units, according to a report from Reuters.
PennTex Midstream Partners LP is an MLP formed by PennTex Midstream Partners LLC.
The target for fundraising is ~$150 MM.
PennTex Midstream Partners LLC expects the offer to be completed by 4Q 2014. The company will be listed on the NYSE under the symbol "PTXP."
PennTex Midstream Partners Asset Overview:
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