ROHSTOFF INTERNATIONAL

17:00 | 03.01.2018
Midland Basin Partners Closes $75 Million Strategic Financial Partnership with Orion Energy Partners to Fund Permian Basin Water Infrastructure

Midland Basin Partners, LLC (“MBP” or the “Company”) has
announced a strategic financial partnership with Orion Energy Partners,
LP (together with its affiliated funds, “Orion Energy”). The $75
million credit facility from Orion Energy will fuel the expansion of
MBP’s existing midstream platform focused on water infrastructure.

MBP provides responsible water sourcing, transportation and storage
solutions to energy producers in the Permian Basin, with an initial
focus on the Midland Basin. Orion Energy provides creative capital
solutions to middle market energy infrastructure businesses across North
America and select international markets.

“Our partnership with Orion Energy will provide MBP with the long-term
strategic and financial support we need to grow our business and achieve
our goal of serving our core customers with sustainable water
infrastructure and services in the Permian Basin,” said Jason Roberts,
MBP’s CEO.

“The MBP investment is another terrific addition to Orion Energy’s
diversified portfolio and exemplifies our strategy to invest in proven
and successful management teams that deploy critical energy
infrastructure with recognized market excellence,” said Gerrit Nicholas,
Managing Partner of Orion Energy. “We are pleased to partner with MBP as
they grow their water supply platform to service North America’s most
advantaged energy production basins.”

Shearman & Sterling LLP and Jones Walker LLP acted as legal counsel to
Orion Energy. Kramer Levin Naftalis & Frankel LLP acted as legal counsel
and Piper Jaffray & Co. acted as financial advisor to MBP.
About Midland Basin Partners
Midland Basin Partners is a Midland, Texas based energy infrastructure
business which provides essential water access to energy producers in
the Permian Basin. MBP sources, transports and stores water for local
energy producers, with an initial focus on the Midland Basin.
About Orion Energy Partners
Orion Energy Partners is a credit-oriented private equity firm with over
$850 million of capital for investments. Orion Energy is focused on
providing creative capital solutions to middle market energy
infrastructure businesses across North America and select international
markets with a focus on downstream, midstream, conventional electric
power, renewable energy and storage, asset-heavy energy services and
other energy subsectors. Its management has substantial experience
leading successful energy companies and energy infrastructure
investments. For more information, visit www.OrionEnergyPartners.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180103005185/en/


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