MARLIN MIDSTREAM AND AZURE MIDSTREAM INVESTOR PRESENTATION JANUARY 15, 2015 JANUARY 2015 1
TRANSACTION OVERVIEW Marlin Midstream Partners, LPs General Partner Acquired by Azure Midstream Energy, LLC Proposed Transactions Marlin Midstream Partners, LP (Nasdaq: FISH, Marlin or the Partnership) today announced Azure Midstream…
PRO FORMA ORGANIZATIONAL STRUCTURE NuDevco Partners, LLC Sponsors (Including Energy Spectrum and Tenaska Capital) NuDevco Partners Holdings, LLC NuDevco Midstream Associated Spark Energy, Inc. Development, Energy Services Azure…
LEGACY SYSTEM OVERVIEW Asset Overview Legacy System Footprint Located in Harrison, Panola and Rusk counties in Texas and Caddo parish in Louisiana and serves the Cotton Valley formation, the Haynesville Shale formation and the…
EXPECTED DROP DOWNS HIGHLIGHT GROWTH OPPORTUNITY Holly System Overview Azure Gathering Systems Footprint 335 miles of high- and low-pressure pipeline serving 69,000 dedicated gross acres with throughput of 625 MMcf/d Includes four…
COMBINED OPERATING FOOTPRINT The Azure / Marlin Combination Creates a Leading Integrated Midstream Platform Serving the Haynesville Shale and Horizontal Cotton Valley Plays in East Texas and Northern Louisiana JANUARY 2015 7
EXPERIENCED SENIOR LEADERSHIP 25 years of experience in the oil & gas industry Founder and CEO of Spark Energy, a multi-state, certified retail electricity and natural gas supplier W. Keith Maxwell III Founding partner at Wickford…
EXPERIENCED SENIOR LEADERSHIP Vice President of Business Development for Azure Midstream since July 2012 David Garrett Senior Vice President for DCP Midstream Partners, L.P. (NYSE: DCP) Azure - Vice President of 21 years with DCP…
STRATEGIC RATIONALE Azure Sponsorship: Through 100% ownership of the Partnerships GP and 90% of the IDRs, Azure is financially incentivized and committed to supporting the Partnerships growth. Additionally, Azures sponsor, Energy…
2015 FINANCIAL FORECAST FY 2015 Gross Margin by Segment FY 2015 Gross Margin by Contract Type Crude Commodity Logistics - Sensitive - 14% 16% Natural Gas Fee-based - Midstream - 86% 84% FY 2015 Financial Forecast…