Completed Transaction Announcement: NGL Energy Partners; Pacific Coast Oil Trust; Genesis Energy, L.P.; Rose Rock Midstream, L.P.

Joseph D. Culley Jr. | Managing Director
Head of Infrastructure Group
jculley@janney.com | (215) 665-6256

September 20, 2013 – NGL Energy Partners, (NYSE: NGL) announced the completion of an underwritten public offering of 4,100,000 common units at a public offering price of $32.38 per unit, before underwriting discounts. NGL also granted the underwriters a 30-day option to purchase up to 615,000 additional common units. Janney served as a co-manager on this transaction.

September 19, 2013 – Pacific Coast Oil Trust, (NYSE: ROYT) announced the completion of an underwritten public offering of 13,500,000 common units at a public offering price of $17.10 per unit, before underwriting discounts. Pacific Coast also granted the underwriters a 30-day option to purchase up to 2,025,000 additional common units. Janney served as a co-manager on this transaction.

September 11, 2013 – Genesis Energy, L.P. (NYSE: GEL) announced the completion of an underwritten public offering of 5,750,000 common units at a public offering price of $47.51 per unit, before underwriting discounts. The 5,750,000 units include 750,000 units purchased pursuant to the underwriters’ full exercise of their over-allotment option. Janney served as a co-manager on this transaction.

August 13, 2013 – Rose Rock Midstream, L.P. (NYSE: RRMS) announced the completion of an underwritten public offering of 4,750,000 common units at a public offering price of $33.44 per unit, before underwriting discounts. The 4,750,000 units include 712,500 units purchased pursuant to the underwriters’ full exercise of their over-allotment option. Janney served as a co-manager on this transaction.

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NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, NGL logistics and retail propane, with locations in the United States and Canada.

Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own net profits interests and an overriding royalty interest in certain oil and gas properties held by PCEC and located in California in the Santa Maria Basin and the Los Angeles Basin.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.

 

Rose Rock Midstream, L.P. is a growth-oriented Delaware limited partnership formed by SemGroup(R) Corporation (NYSE:SEMG) to own, operate, develop and acquire a diversified portfolio of midstream energy assets. Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services. Headquartered in Tulsa, OK, Rose Rock Midstream has operations in six states with the majority of its assets strategically located in or connected to the Cushing, Oklahoma crude oil marketing hub.


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