PennTex Midstream Partners LP - 2015-05-26

Opened an IPO of about 11.3 million common units. Following the offering, PennTex Midstream Partners LLC and MRD WHR LA Midstream LLC will own 40.4% and 27.0%, respectively, of the limited partner interests. PennTex Midstream Partners LLC and MRD WHR LA will also own 92.5% and 7.5%, respectively, of PTXP incentive distribution rights, and a corresponding percentage of PTXP's general partner. Common units will list on NASDAQ under the ticker “PTXP.” Citigroup, Barclays, RBC Capital Markets, Wells Fargo Securities LLC, Deutsche Bank Securities Inc., J.P. Morgan, SunTrust Robinson Humphrey and Tudor, Pickering, Holt & Co. are book-running managers. Raymond James, Baird, Stifel and Wunderlich are co-managers. PennTex is an MLP formed by affiliates of Natural Gas Partners.