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Filing Details

Accession Number:: 0000899243-16-032739
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-03 17:50:25
Reporting Period:: 2016-11-01

Filing Date:: 2016-11-03
Accepted Time:: 2016-11-03 17:50:25
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1471812	Ngp Energy Capital Management, L.l.c.	5221 N. O'Connor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1521229	Ngp Natural Resources X, L.p.	5221 N. O?Connor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1555496	G.f.w. Energy X, L.p.	5221 N. O?Connor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1555576	Gfw X, L.l.c.	5221 N. O?Connor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1598409	Ngp X Parallel Holdings, L.p.	5221 N. O?Connor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1606887	Ngp X Us Holdings Lp	5221 N. Oconnor Blvd., Suite 1100 Irving TX 75039	Yes	No	Yes	No
1647719	Ngp X Holdings Gp, L.l.c.	5221 N. O?Connor Blvd., Suite 1100 Irving TX 75039	Yes	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	3,262,019	$0.00	0	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

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	12,500,000	$0.00	12,500,000	$0.00

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

Footnotes

The reported securities are held by PennTex Midstream Partners, LLC ("PennTex Development"). On November 1, 2016, NGP X US Holdings LP ("NGP X Holdings") transferred and assigned to Energy Transfer Partners, L.P. ("ETP") all of its 95.147% interest in PennTex Development, which owns 3,262,019 common units and 12,500,000 subordinated units of PennTex Midstream Partners, LP (the "Partnership"), in exchange for a combination of cash and ETP common units with a value equal to $343,091,523. The reporting owner disclaims beneficial ownership of the Partnership common units and subordinated units except to the extent of it pecuniary interest therein.
This Form 4 is filed jointly by NGP X Holdings, NGP Natural Resources X, L.P. ("NGP X"), NGP X Parallel Holdings, L.P. ("NGP X Parallel"), GFW X, L.L.C. ("GFW X"), G.F.W. Energy X, L.P. ("GFW Energy X") and NGP Energy Capital Management, L.L.C. ("NGP ECM").
NGP X Holdings is wholly owned and controlled by its general partner, NGP X Holdings GP, L.L.C. ("NGP X Holdings GP"), and its limited partners, NGP X and NGP X Parallel. NGP X Holdings GP is wholly owned by NGP X. GFW Energy X is the sole general partner of NGP X and NGP X Parallel. GFW X is the sole general partner of GFW Energy X. GFW X has delegated full power and authority to manage NGP X and NGP X Parallel to NGP ECM. Accordingly, NGP X Holdings, NGP X Holdings GP, NGP X, NGP X Parallel, GFW X, GFW Energy X 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 therein.
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).