PennTex Midstream Partners, LP is a growth-oriented master limited partnership focused on owning, operating, acquiring and developing midstream energy infrastructure assets.
The midstream natural gas industry is the link between the exploration and production of natural gas and the delivery of the natural gas and its other components to industrial, commercial and residential users. PennTex creates value at various stages along the natural gas value chain by gathering and processing natural gas and natural gas liquids for delivery to transmission lines and ultimately the end-markets.
PennTex partners with customers to offer treating, gathering, processing, residue gas transmission and liquids take away solutions tailored to each customer’s specific needs, including integration with existing infrastructure.
On November 1, 2016 Energy Transfer Partners, L.P. acquired 100% of the general partner of PTXP, together with all of its incentive distribution rights (IDRs), as well as 6.3 million common units and all 20 million subordinated units of PTXP, representing approximately 65 percent of the total limited partner interests in PTXP.
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