May 01, 2017 1:04 AM ET

Oil, Gas and Consumable Fuels

Company Overview of JP Energy Partners LP

Company Overview

JP Energy Partners LP, together with its subsidiaries, owns, operates, develops, and acquires a portfolio of midstream energy assets in the United States. The company operates through three segments: Crude Oil Pipelines and Storage; Refined Products Terminals and Storage; and Natural Gas Liquid (NGL) Distribution and Sales. The Crude Oil Pipelines and Storage segment operates a crude oil pipeline that consists of approximately 161 miles of high-pressure steel pipeline in the Permian Basin. This segment also owns and operates a crude oil storage facility with an aggregate shell capacity of approximately 3,000,000 barrels in Cushing, Oklahoma, as wells as a fleet of approximately 63 crude oil ...

600 East Las Colinas Boulevard

Suite 2000

Irving, TX 75039

United States

Founded in 2010

Phone:

972-444-0300

Key Executives for JP Energy Partners LP

Chairman of JP Energy GP II LLC, Chief Executive Officer of JP Energy GP II LLC and President of JP Energy GP II LLC
Age: 41
Chief Accounting Officer of JP Energy GP II LLC and Senior Vice President of JP Energy GP II LLC
Age: 41
Executive Vice President of Crude Oil Pipelines & Storage -JP Energy GP II LLC
Age: 51
Senior Vice President of Terminals and Distribution - JP Energy GP II LLC
Age: 39
Compensation as of Fiscal Year 2016.

JP Energy Partners LP Key Developments

JP Energy Partners LP Files Form 15

JP Energy Partners LP has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common units representing limited partner interests under the Securities Exchange Act of 1934, as amended.

JP Energy Partners LP Requests NYSE To File Form 25 With SEC To Delist Common Units

On March 8, 2017, American Midstream Partners, LP (“AMID”) completed its acquisition of JP Energy Partners LP (“JPE”) pursuant to that certain Agreement and Plan of Merger, dated as of October 23, 2016 (the “Merger Agreement”), by and among AMID, American Midstream GP, LLC, the general partner of AMID (“AMID GP”), JPE, JPE Energy GP II LLC, the general partner of JPE (“JPE GP”), Argo Merger Sub, LLC, a wholly owned subsidiary of AMID (“AMID Merger Sub”), and Argo Merger GP Sub, LLC, a wholly owned subsidiary of AMID (“GP Sub”). Under the terms of the Merger Agreement, among other things, AMID Merger Sub merged into and with JPE (the “Merger”), with JPE surviving the Merger as a wholly owned subsidiary of AMID. In connection with the consummation of the Merger, the New York Stock Exchange (the “NYSE”) was notified that each outstanding JPE Common Unit other than those held by GP Sub was converted into the right to receive the merger consideration described above, subject to the terms and conditions of the Merger Agreement. JPE requested that the NYSE file a notification of removal from listing on Form 25 with the Securities and Exchange Commission (the “SEC”) with respect to the delisting of the JPE Common Units. The trading of the JPE Common Units on the NYSE was suspended prior to the opening of trading on March 8, 2017. In addition, JPE intends to file with the SEC a certification of notice of termination on Form 15 requesting that the JPE Common Units be deregistered under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that JPE’s reporting obligations under Sections 13 and 15(d) of the Exchange Act with respect to its common units be suspended.

JP Energy Partners LP Declares Fourth Quarter Cash Distribution, Payable on February 14, 2017

JP Energy Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the fourth quarter of 2016 of $0.325 per unit. This distribution corresponds to the minimum quarterly distribution of $0.325 per unit, or $1.30 per unit on an annualized basis. The distribution will be paid on February 14, 2017 to all unitholders of record on February 7, 2017.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 24, 2016
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