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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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Texan gas company Pinnacle Propane has agreed to title sponsor pole qualifying at the 2013 AAA Texas 500 Nascar tripleheader weekend.

Each of the three Nascar series will compete at the Texas Motor Speedway during the bumper race weekend. The Sprint Cup and Camping World Truck series will qualify on 1st November with the Nationwide series following on 2nd November.

As part of its sponsorship of the event, Pinnacle Propane will be on-site throughout the weekend to service the propane requirements of the camping fans. The campers will be able to text Pinnacle to request a refill of their propane tank.
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“Pinnacle Propane is excited to sponsor the Pinnacle Propane Qualifying Days at Texas Motor Speedway,” said Chris Hill, Pinnacle Propane president and senior vice president of JP energy partner.

“Propane, Texas Motor Speedway and Nascar are a great fit and we look forward to fuelling the weekend for Nascar fans during the November race weekend.”

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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IRVING, Texas, September 21, 2013 JP Liquids, LLC (“JP Energy”), a subsidiary of JP Energy Development LP, has entered into a definitive agreement to acquiresubstantially all of the assets of Highway Pipeline, Inc. (“HPI”). HPI is engaged in the transportation of natural gas liquids by tank truck in the Eagle Ford and Permian Basin.

HPI has established a reputation for outstanding service and flexibility to meet its customers’ needs. HPI also has an excellent safety record, which it has maintained through its rapid growth over the last 5 years. Many of the employees from HPI will continue with JP Energy, including HPI’s managing partner Mike McCown who will continue to manage the operations.

Chris Hill, Senior Vice President – NGLs of JP Energy, commented on the transaction “Mike and his team have built an excellent company with the core values that we look for including safety based customer service. We look forward to continuing to provide excellent customer service to HPI’s existing customers.TheHPI assets will complement our crude hauling and marketing offerings in JP Energy Development LP as we will be able to provide additional solutions to those customers.”
JP Energy will continue to operate the business at its current address6878 FM 1044 Marion, Texas.

About JP Energy Development
JP Energy Development LP
is a crude oil midstream company that purchases, gathers, transports, blends, stores and markets crude oil for producers and refiners in the Mid-Continent area, and the company currently moves approximately 40,000 barrels a day of crude oil. JP Energy Development owns approximately 70 crude oil transports, 23 truck injection stations, approximately 70Mbbls of crude oil storage and over 200 miles of crude oil pipelines. JP Energy Development is an affiliate of JP Energy Partners LP. JP Energy Development and JP Energy Partners LP are supported by equity commitments from affiliates of ArcLight Capital Partners, LLC (“ArcLight”). Additional information about JP Energy Development and JP Energy Partners can be found at www.jpenergypartners.com.

About ArcLight Capital Partners, LLC
ArcLight Capital Partners, LLC
is one of the leading private equity firms focused on North American energy infrastructure assets. Since its establishment in 2001, ArcLight has invested over $10 billion across multiple energy cycles in more than 100 power, midstream and production assets. Headquartered in Boston, Massachusetts with an additional office in Luxembourg, the firm’s investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio. Visit www.arclightcapital.com for more information.

Media Contact
JP Energy Partners
Cande Smillie
972.444.0300
csmillie@jpep.com

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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IRVING, Texas, September 19, 2013 – JP Energy Development LP (“JP Energy”), an affiliate of JP Energy Partners LP, has agreed to acquire all of the equity interests in Wildcat Permian Services LLC (“Wildcat”) from Wildcat Midstream Mesquite, LLC and Approach Midstream Holdings, LLC, an affiliate of Approach Resources Inc. (NASDAQ: AREX). The transaction is expected to close late in the third quarter or early in the fourth quarter of 2013.

Wildcat owns and operates a long-term contracted oil pipeline system consisting of approximately 50 miles of high-pressure, steel pipeline in Crockett and Reagan Counties, Texas, with throughput capacity of 100,000 Bbls/d, truck terminals and LACT bay facilities, multiple receipt points and 40,000 Bbls of crude oil storage. JP Energy provides an integrated platform of crude oil gathering, transportation and marketing services to producers and refiners in the Mid-Continent area, and the acquisition of Wildcat will extend JP Energy’s reach into the rapidly growing southern Midland Basin, and will further diversify JP Energy’s portfolio of transportation and storage assets.

In connection with the acquisition of Wildcat, JP Energy and Approach will enter into a revised crude oil purchase agreement under which JP Energy will purchase and transport Approach’s crude oil production from approximately 110,000 acres in Crockett and Schleicher Counties, Texas.

“JP Energy is excited to partner with Approach and to extend and diversify our portfolio into the Permian Basin,” stated J. Patrick Barley, JP Energy’s President and CEO. “Approach’s management team has a proven track record of developing unconventional oil and gas properties in formations like the prolific Wolfcamp shale oil play.”

JP Energy Development LP is a crude oil midstream company that purchases, gathers, transports, blends, stores and markets crude oil for producers and refiners in the Mid-Continent area, and the company currently moves approximately 40,000 barrels a day of crude oil. JP Energy Development owns approximately 70 crude oil transports, 23 truck injection stations, approximately 70Mbbls of crude oil storage and over 200 miles of crude oil pipelines. JP Energy Development is an affiliate of JP Energy Partners LP. JP Energy Development and JP Energy Partners LP are supported by equity commitments from affiliates of ArcLight Capital Partners, LLC (“ArcLight”). Additional information about JP Energy Development and JP Energy Partners can be found at www.jpenergypartners.com.

ArcLight Capital Partners, LLC is one of the leading private equity firms focused on North American energy infrastructure assets. Since its establishment in 2001, ArcLight has invested over $10 billion across multiple energy cycles in more than 100 power, midstream and production assets. Headquartered in Boston, Massachusetts with an additional office in Luxembourg, the firm’s investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio. Visit www.arclightcapital.com for more information.

Approach Resources Inc. is an independent oil and gas company with core operations, production and reserves located in the Permian Basin in West Texas. Approach targets multiple oil and liquids-rich formations in the Permian Basin, where the company operates approximately 152,000 net acres. For more information about Approach, please visit www.approachresources.com.

Wildcat Permian Services LLC is a 50% owned indirect subsidiary of Wildcat Midstream Holdings LLC. Wildcat is an oil and gas infrastructure development company owned by Liberty Energy, Highstar Capital and management. In addition to its ownership interest in Wildcat Permian Services LLC, Wildcat currently owns and operates a state-of-the-art cryogenic processing facility in North Louisiana with a design capacity of 140 MMcf/d and 400 gpm of amine treating.

Media Contact
JP Energy Partners
Cande Smillie
972.444.0300
csmillie@jpep.com

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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JP Energy Development has completed a successful open season and is proceeding with the construction of the Kansas Express Pipeline

IRVING, TEXAS, April 8, 2013JP Energy Development, an affiliate of JP Energy Partners, announced today that it has completed a successful open season and is proceeding with the construction of its previously announced Kansas Express Pipeline.

The Kansas Express Pipeline is a new interstate crude oil pipeline, to be built in phases, which will provide transportation from Coldwater, Kansas to Cushing, Oklahoma. Future phases of the project are expected to extend the pipeline north to Gove County, Kansas and east to Kingman County, Kansas. The Kansas Express is expected to be in service during the fourth quarter of 2013.

About JP Energy Development
JP Energy Development is a crude oil midstream company that purchases, gathers, transports, blends, stores and markets crude oil for producers and refiners in the Mid-Continent area, and the company currently moves approximately 40,000 barrels a day of crude oil. JP Energy Development owns 51 crude oil transports, 23 truck injection stations, approximately 70Mbbls of crude oil storage and over 200 miles of crude oil pipelines. JP Energy Development is an affiliate of JP Energy Partners LP. JP Energy Development and JP Energy Partners are supported by equity commitments from ArcLight Capital Partners, LLC (“ArcLight”).

About JP Energy Partners LP
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide integrated services to suppliers and consumers of petroleum products. The company’s assets include three million barrels of crude oil storage at Cushing, a crude oil transport operation doing business as Falco Energy with operations in the Bakken, the Mid-Continent, the Permian and the Eagle Ford, refined products terminals serving the Dallas and Little Rock markets, one of the largest propane distribution businesses in the U.S. with operations in 44 states, and the third largest propane cylinder exchange business in the U.S. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. Additional information about JP Energy Partners can be found at

www.jpenergypartners.com.


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JP Energy
Cande Smillie
972.444.0300
csmillie@jpep.com

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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Pinnacle Propane announced today that Harold Poland has joined the business development team to assist in identifying and completing acquisitions of retail propane companies.

Mr. Poland brings over 45 years of experience in the propane industry from his time at Skelgas, Getty Oil, Texaco, Williams Company and Heritage Propane. Most recently, Harold successfully worked with Heritage’s business development group. In this role he sourced and completed over 40 acquisitions over 15 years.

Rob Chalmers, SVP of Business Development for Pinnacle Propane, commented “we are extremely fortunate to have the opportunity to work with Harold. He brings a significant amount of experience and an incredible wealth of knowledge and contacts within the industry. As we continue to aggressively expand our footprint, Harold will be instrumental in helping us identify additional opportunities”.

Chris Hill, President of Pinnacle Propane continued “Harold is well respected in the industry and has a track record of success and integrity. We are excited to work with him as we grow our business”.
About Pinnacle Propane

Pinnacle Propane, LLC is a wholly owned subsidiary of JP Energy Partners LP, an Irving, TX based Master Limited Partnership, www.jpenergypartners.com. Pinnacle will continue to look for ways to bring innovative ideas to the propane industry while remaining steadfast in our mission to deliver safe, reliable propane to the customers through our retail locations and our cylinder exchange operation, Pinnacle Propane Express. More information can be found at www.pinnpropane.com and www.pinnaclepropaneexpress.com.

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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January 4, 2013Alliant Gas, LLC, (“Alliant”), a wholly owned subsidiary of Pinnacle Propane (“Pinnacle”) and JP Energy Partners (“JP Energy”), has completed the acquisition of SemStream Arizona Propane, L.L.C. (“SemStream”). Pinnacle is a leading distributor of propane in the south and southwest United States. This transaction expands Alliant’s portfolio of central distribution systems, Alliant currently services 27 communities in Texas.

The Arizona Corporation Commission granted approval during its December 11th open meeting clearing the way for the transaction to close. All of the employees are anticipated to remain with Alliant Gas after the transaction.

Chris Hill, President of Pinnacle Propane and Alliant Gas, commented on the acquisition, “We are extremely excited to have completed the acquisition and bring the employees into our team. In addition, we look forward to continuing the culture of customer service and safety. We view Arizona as a strategic market to enter as we expand our footprint to the west.”

Alliant will be changing the name from SemStream Arizona Propane to Alliant Gas for the customers on the regulated system and Pinnacle Propane for non-regulated customers. SemStream Arizona Propane is a full service propane company offering service to more than 11 thousand customers in Payson and Page Arizona through its regulated central distribution systems and non-regulated delivery of propane to commercial and residential customers. Customers receive their propane delivered through metered underground systems or with leased tanks and metered-tank service. Currently between 11,100 to 11,700 customers are served in Payson, Pine, Strawberry and many other areas around Northern Gila County, and in and around Page in Coconino County.

JP Energy Partners
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide integrated refinery services. JP Energy currently owns these assets through its subsidiaries Pinnacle Propane, Pinnacle Propane Express, LLC, JP Crude Oil Services and JP Refined Products. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. Additional information about JP Energy Partners, Pinnacle Propane and Alliant Gas can be found at www.jpenergypartners.com, www.pinnpropane.com , www.pinnaclepropaneexpress.com and www.alliantgas.com.

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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January 4, 2013 – Irving, TXPinnacle Propane, LLC (“Pinnacle”), a leading provider of propane in the south and southwest United States, announced today that it has acquired the assets of Tri State Propane (“Tri State”) based in Hiwasse, Arkansas. The transaction expands Pinnacle’s presence in Arkansas and eastern Oklahoma.

“This acquisition allows us to enter northwest Arkansas, a vibrant area showing continued population and economic growth. We are excited to continue the legacy of customer service that John and Julie Holloway have used to build Tri State over the last 16 years”, commented Rob Chalmers, SVP of Corporate Development.

Chris Hill, President of Pinnacle Propane, said, “We are excited about the addition of Tri State Propane and we are committed to maintaining a local presence as we continue to grow our footprint. We anticipate that all of the employees will continue with us, which will allow continuity for our customers and a continuation of outstanding service.”

Tri State Propane will be rebranded Pinnacle Propane in the coming weeks. The location will continue to offer propane bottle filling at the store as well as residential, agriculture and commercial delivery. The site also offers fork lift exchange, Autogas (vehicle fuel) and many other services. The store is located at 13488 West Highway 72 Hiwasse, AR and the phone number is 479 787 5400.

About Tri State Propane
Established in 1996, Tri State Propane has been a local propane supplier to residents, businesses and farmers for more than 15 years. The company provides propane refill, propane tanks, and propane cylinders of all sizes to Benton, Washington, Crawford, Madison, Carroll, Delaware, Adair and Cherokee counties in Arkansas and Oklahoma.

About Pinnacle Propane
Pinnacle Propane, LLC is a wholly owned subsidiary of JP Energy Partners LP, an Irving, TX based Master Limited Partnership, www.jpenergypartners.com . Pinnacle is focused on staying local in the markets we serve because that’s what our customers have come to expect. The people and businesses that have come to depend on us for their propane service are our number one priority. We will continue to look for ways to bring innovative ideas to the propane industry while remaining steadfast in our mission to deliver safe, reliable propane to the customers through our retail locations and our cylinder exchange operation, Pinnacle Propane Express. More information can be found at www.pinnpropane.com and www.pinnaclepropaneexpress.com

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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July 13, 2010

Steve Frick, owner of A+ Propane in Lago Vista, announced July 7 that he sold his business to Pinnacle Propane, but will remain with the company as a local sales representative. Pinnacle Propane has propane operations in Texas, Oklahoma and New Mexico, serving more than 15,000 customers. It purchased another area propane operation, Georgetown Propane, earlier this summer, which it plans to join with Frick’s former business. Frick said several companies interested in purchasing A+ Propane have approached him, but he chose Pinnacle because of its commitment to safety, customer service, competitive pricing and commitment to local communities.

“It was a difficult decision to sell the business,” he said. “I feel like I have a responsibility to the customers in Lago Vista which have been loyal to me but I had reached a point that I needed to spend a lot of money to continue to grow as fast as this community is growing while maintaining the level of customer service that my customers expect.” A Pinnacle Propane release says it will combine both the Georgetown Propane and A+ Propane companies to reduce costs and improve route efficiencies. “We think that the central Texas area, North Austin specifically, is one of the best markets in the country and we look forward to continuing the outstanding customer service that Georgetown and A+ have a reputation of providing,” said Chris Hill of Pinnacle Propane. For more information on Pinnacle Propane, call 267-9200 or email sfrick@pin npropane.com.

—Staff reports

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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August 2, 2010

(August 2, 2010) San Antonio, Texas – On July 22, 2010, U.S. Bankruptcy Judge Leif M. Clark confirmed the reorganization plan that was filed by Bentley Energy Corp. and Sonterra Energy Corp. on May 7, 2010 following four months in Chapter 11 bankruptcy protection. The reorganization plan calls for JP Energy Partners LP to acquire both of the entities and to take over the operations immediately.

Bentley Energy Corp. has retail propane operations in the greater San Antonio area and The Rio Grande Valley under the name “Lone Star Propane” and currently has offices in San Antonio, Seguin, Harlingen and Donna. Effective immediately, the name Lone Star Propane will be changed to “Pinnacle Propane”.
Sonterra Energy Corp. develops and provides central gas service to communities through community propane systems. Sonterra Energy currently serves 18 communities (more than 1,400 customers) in the San Antonio and Austin areas through a community system. The name Sonterra Energy will no longer be used and will be changed to “Alliant Gas”. A community propane system is ideal for new developments where natural gas service is not available or feasible. Alliant Gas currently serves customers in well known communities such as Cordillera Ranch in Boerne and Lakeway in Austin. Alliant Gas will not only focus on its existing customers and communities, but will work with developers and builders to grow the business in new communities as well.

Collectively, the two companies have sold between 5 and 7 million gallons of propane per year the past three years. “We feel that with the management team and capital we are bringing to these companies, we can provide stability and a level of customer service that our customers haven’t seen over the past 3 years.” said J. Patrick Barley, President and CEO of JP Energy Partners. The entire acquisition of Bentley and Sonterra out of bankruptcy was about $9.2 million and JP Energy Partners has initially committed about $13 million of capital to focus on growing its position in the propane industry in Texas. Barley goes on to say “last winter was tough on many propane companies so we feel it’s important to come into the business well capitalized so we can show our customers that there will be no concerns about getting propane when they need it.” With no debt on the acquisitions of Bentley and Sonterra, and additional capital in reserve, JP Energy Partners is poised to immediately make an impact on the propane industry in Texas.

In addition to the acquisition of Bentley and Sonterra, JP Energy is already working on additional strategic acquisitions to grow their footprint in the propane business. Currently, LOI’s are already in effect for another company north of San Antonio as well as in the Lubbock area.

JP Energy Partners LP is an Irving, TX based Master Limited Partnership that was formed by CB Capital LLC. to pursue opportunities in the propane industry. The ownership and management team of JP Energy Partners brings extensive experience and a history of success in the energy business and the real estate development business.

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Pinnacle Propane teams up with the Texas 500 Nascar For Tripleheader Weekend

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July 13, 2011

BOSTON, July 13, 2011 /PRNewswire/ — An affiliate of ArcLight Capital Partners, LLC (“ArcLight”) has made a $100 million equity commitment to JP Energy Partners, LP (“JPE”). JPE is a privately-held, Texas-based master limited partnership formed to initially focus on the acquisition and development of wholesale and retail propane distribution, storage and transportation assets in Texas, New Mexico, Arizona and Oklahoma. In addition, JPE is focused on using its commercial position to acquire and develop physical midstream assets, particularly those relating to the storage, transportation, and processing of natural gas liquids.

On June 27th, ArcLight made an initial investment under the commitment to fund the acquisition of several retail propane companies that complement JPE’s existing assets. Following the initial investment, JPE’s existing operations represent approximately 27 million gallons of annual propane sales, making JPE one of the largest propane retailers in the United States.

About ArcLight Capital Partners, LLC

ArcLight is one of the world’s leading energy investment firms having invested over $8.5 billion of equity since its inception a decade ago. ArcLight has successfully sourced, managed and realized investments through multiple energy industry cycles. The Firm’s investment team has extensive energy expertise, investing experience, industry relationships, and specialized asset level value creation capabilities. ArcLight is headquartered in Boston, Massachusetts with offices in New York City, Barcelona and Luxembourg. More information about ArcLight can be found at http://www.arclightcapital.com.

About JP Energy Partners, LP

JP Energy Partners was formed in 2010 to focus on opportunities to acquire and consolidate propane related businesses in the United States. JPE’s principal business largely consists of the retail, marketing, sale and distribution of propane to residential, commercial and industrial customers. JPE currently owns retail propane operations under the name Pinnacle Propane in New Mexico, Oklahoma and Texas, as well as 18 community propane systems under the name Alliant Gas LLC throughout the Texas Hill Country. The ownership and management team of JP Energy Partners brings extensive experience and a history of success in the energy business and the real estate development business. More information about JPE and its subsidiaries can be found at http://www.jpenergypartners.com.

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SOURCE ArcLight Capital Partners, LLC