HOUSTON, Aug. 30, 2017 — Sanchez Midstream Partners LP (NYSE American:SNMP) (“SNMP” or the “Partnership”) today announced that the Company’s midstream assets in the Western Eagle Ford did not sustain any significant damage from Hurricane Harvey.
“We are pleased to report that our midstream assets in South Texas, which include our Western Catarina Midstream system, the Carnero Gathering Line, the Raptor Gas Processing Facility in La Salle County, Texas and Seco Pipeline, did not sustain any significant damage as a result of Hurricane Harvey and are currently fully operational,” said Gerry Willinger, Chief Executive Officer of the General Partner of SNMP. “We are in contact with employees based in our Houston office and in the field and remain primarily concerned for the safety of these individuals, as well as other members of our community. We would like to thank the first responders that have worked diligently throughout the crisis along the Gulf Coast as well as the people who have unselfishly volunteered to assist others during this time of need. We would also like to thank our operations team and joint venture partner, Targa Resources Corporation, for their exceptional work in preparing for Hurricane Harvey and managing our assets throughout the storm.
“While all of our midstream assets are currently fully operational, we remain cognizant of the potential for natural gas liquids constraints at Mont Belvieu and markets further downstream, which may limit our ability to move hydrocarbons. In the wake of Hurricane Harvey, we continue to monitor developments in these downstream markets, as well as the operations and production from the assets that we service, and will provide additional operational updates as warranted.”
ABOUT THE PARTNERSHIP
Sanchez Midstream Partners LP (NYSE American:SNMP) is a growth-oriented publicly-traded limited partnership focused on the acquisition, development, ownership and operation of midstream and production assets in North America. The Partnership has ownership stakes in oil and natural gas gathering systems, natural gas pipelines, and a natural gas processing facility, all located in the Western Eagle Ford in South Texas.
This press release contains certain statements that are considered forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Management cautions all readers that the forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assure any reader that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the “Risk Factors” section in our filings with the U.S. Securities and Exchange Commission and elsewhere in those filings. The forward-looking statements speak only as of the date made, and other than as required by law, we do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.
PARTNERSHIP CONTACT Charles C. Ward Chief Financial Officer Sanchez Midstream Partners GP LLC (877) 847-0009 General Inquiries: (877) 847-0008 www.sanchezmidstream.com