Navitas Midstream Partners Announces Investment of Up to $500 Million Led by Warburg Pincus

 Navitas Midstream Partners Announces Investment of Up to $500 Million Led by
                                Warburg Pincus

PR Newswire

THE WOODLANDS, Texas and NEW YORK, June 5, 2014

THE WOODLANDS, Texas and NEW YORK, June 5, 2014 /PRNewswire/ --Navitas
Midstream Partners ("Navitas" or "the Company"), a producer-focused midstream
company, today announced that an affiliate of Warburg Pincus ("the Firm"), a
global private equity firm focused on growth investing, has agreed to lead a
line-of-equity investment of up to $500 million in the Company. Warburg
Pincus is joined by members of the management team and other individuals in
this investment. Navitas seeks to develop, acquire, and operate midstream
assets across multiple basins in North America.

Navitas is led by R. Bruce Northcutt who served as the President and CEO of
Copano Energy, LLC until its sale to Kinder Morgan Energy Partners, L.P. for
approximately $5 billion in May 2013. Mr. Northcutt is joined by partners
Bryan W. Neskora and James E. Wade, who were senior members of management at
Copano. Mr. Neskora served as Copano's Chief Operating Officer and previously
as senior vice president at El Paso Corp. Mr. Wade served as Copano's
President and Chief Operating Officer of the Texas Business Unit and
previously as senior vice president of Southern Union Energy Services. The
senior management team, which collectively has more than 80 years of industry
experience, has a track record of successful project execution in numerous
basins across the midstream value chain including gathering, treating,
processing, fractionation and transportation of natural gas, NGLs, condensate
and crude oil.

Messrs. Northcutt, Neskora and Wade served as Executives-In-Residence at
Warburg Pincus, where they worked in close collaboration in the early stages
of the Company's development.

Mr. Northcutt commented, "We are delighted to have the support of Warburg
Pincus to assist us in developing and growing the business. The Firm's deep
industry experience and patient capital provides us with a competitive
advantage in today's midstream marketplace."

In Seon Hwang, Managing Director at Warburg Pincus said, "We are pleased to
partner with Navitas' best-in-class management team and to leverage their
industry leadership and successful track record to build a business of scale.
With our producer-focused, long-term orientation to develop and operate
assets, we believe Navitas is well-positioned to become a leading player in
the North American midstream landscape."

About Navitas Midstream Partners
Based in The Woodlands, Texas, Navitas Midstream Partners is a
producer-focused midstream company. The senior management team has more than
80 years of combined experience and execution of more than $10 billion of
capital projects and $2 billion of acquisitions. Led by R. Bruce Northcutt,
along with seasoned executives Bryan W. Neskora and James E. Wade, Navitas was
formed with Warburg Pincus. For more information, visit

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth
investing. The firm has more than $37 billion in assets under management. The
firm's active portfolio of more than 120 companies is highly diversified by
stage, sector and geography. Warburg Pincus is an experienced partner to
management teams seeking to build durable companies with sustainable value.
Founded in 1966, Warburg Pincus has raised 13 private equity funds, which have
invested more than $48 billion in over 700 companies in more than 35

For more than two decades, Warburg Pincus has invested or committed over $9.5
billion across more than 50 energy investments around the world involved in
oil and gas exploration and production, midstream, downstream, power
generation, oilfield technology and related-services, mining and alternative
energy development. Notable investments include Antero Resources, Bill Barrett
Corporation, Broad Oak Energy, Encore Acquisition Company, Kosmos Energy,
Laredo Petroleum, MEG Energy, Newfield Exploration, Spinnaker Exploration and
Targa Resources.

The firm is headquartered in New York with offices in Amsterdam, Beijing,
Frankfurt, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco,
Sao Paulo and Shanghai. For more information please visit

Media Contacts:

For Navitas
Bruce Northcutt

For Warburg Pincus
Ed Trissel

Jeffrey Smith

SOURCE Navitas Midstream Partners

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