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Filing Details

Accession Number:: 0000899243-16-032738
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-03 17:50:18
Reporting Period:: 2016-11-01

Filing Date:: 2016-11-03
Accepted Time:: 2016-11-03 17:50:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1617798	Penntex Midstream Partners Lp	PTXP	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1377291	Natural Gas Partners Viii, L.p.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1408123	Natural Gas Partners Ix, L.p.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1527914	G.f.w. Energy Viii, L.p.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1541519	G.f.w. Energy Ix, L.p.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1592748	Ngp Ix Offshore Holdings, L.p.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1597404	Gfw Ix, L.l.c.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1609238	Mrd Holdco Llc	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1610737	Gfw Viii, L.l.c.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No
1643578	Mrd Midstream Llc	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units (Limited Partner Interests)	Disposition	2016-11-01	2,127,704	$17.05	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Subordinated Units (Limited Partner Interests)	Acquisiton	2016-11-01	5,250,000	$17.05	5,250,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	S	Direct

Footnotes

On November 1, 2016, MRD Midstream LLC ("MRD") transferred and assigned to Energy Transfer Partners, L.P. ("ETP") all of its 2,127,704 common units and 5,250,000 subordinated units of PennTex Midstream Partners, LP in exchange for a combination of cash and ETP common units with a value equal to $135,869,853 pursuant to a contribution agreement entered into among such parties, among others, on October 24, 2016 ("Contribution Agreement"). After giving effect to the transactions contemplated by the Contribution Agreement, MRD no longer owns any interests in the Issuer.
This Form 4 is filed jointly by MRD, MRD Holdco LLC ("MRD Holdco"), Natural Gas Partners VIII, L.P. ("NGP VIII"), Natural Gas Partners IX, L.P. ("NGP IX"), NGP IX Offshore Holdings, L.P. ("NGP IX Offshore"), GFW VIII, L.L.C. ("GFW VIII"), G.F.W. Energy VIII, L.P. ("GFW Energy VIII"), GFW IX, L.L.C. ("GFW IX"), G.F.W. Energy IX, L.P. ("GFW Energy IX") and NGP Energy Capital Management, L.L.C. ("NGP ECM") pursuant to the transactions resulting from the Contribution Agreement.
MRD is a wholly owned subsidiary of MRD Holdco. NGP VIII, NGP IX and NGP IX Offshore own a controlling interest in MRD Holdco. GFW VIII is the sole general partner of GFW Energy VIII, which is the general partner of NGP VIII, and GFW IX is the sole general partner of GFW Energy IX, which is the general partner of NGP IX and NGP IX Offshore. GFW VIII has delegated full power and authority to manage NGP VIII, and GFW IX has delegated full power and authority to manage NGP IX and NGP IX Offshore, respectively, to NGP ECM. Accordingly, each of MRD, MRD Holdco, NGP VIII, NGP IX, NGP IX Offshore, GFW VIII, GFW Energy VIII, GFW IX, GFW Energy IX and NGP ECM may be deemed to share voting and dispositive power over the reported units, and therefore may also be deemed to be the beneficial owner of these units but disclaims such ownership except to the extent of its pecuniary interest.
Subordinated units will convert into common units on a one-for-one basis as described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-199020).