Trilogy Midstream Announces Partnership with NGP

HOUSTON–(BUSINESS WIRE)–Trilogy Midstream Investments, LLC (“Trilogy Midstream” or the
“Company”) is pleased to announce the addition of NGP as a partner. Both
the Company’s Founders and NGP have made significant capital commitments
to the Company in support of its strategy to develop midstream
infrastructure along the Gulf Coast.

Trilogy Midstream was founded in 2017 by Jerry Dearing, Dave Marye and
Drew Tingleaf who worked together for almost a decade at NET Midstream,
which was sold to NextEra Energy Partners for $2.1 billion in 2015.

At the time of sale, NET Midstream operated seven natural gas pipelines
in South Texas with a combined 3.0 Bcf/d of ship-or-pay contracts with a
weighted average term of over 16 years and over 1.0 Bcf/d of available
expansion capacity. The pipelines developed and operated by NET
Midstream serve utilities, municipalities, power plants, industrial
loads and natural gas producers.

Dave Marye, the Company’s President said, “Jerry, Drew and I started
Trilogy with the goal of leveraging our expertise and experience to
provide innovative and cost efficient midstream solutions for our
customers. When we considered bringing on a private equity partner, we
looked for a team with a great track record and the ability to support
large-scale pipeline projects. We are proud to add NGP to the team and
look forward to developing projects that will serve end-users and
producers along the Gulf Coast.”

“We are thrilled to partner with the Trilogy management team to build
upon their successful track record of creating value in the midstream
sector,” said Chris Carter, Managing Partner of NGP. “What the team at
NET Midstream was able to accomplish is an example of what can be
achieved through the combination of industry experience, creativity and
tenacity. The Trilogy management team’s track record building
demand-driven midstream systems combined with anticipated oil and
natural gas volume growth in the United States provides a compelling
backdrop for this investment.”

ABOUT NGP

Founded in 1988, NGP is a premier private equity firm in the natural
resources industry with approximately $17 billion of cumulative equity
commitments organized to make strategic investments in the energy and
natural resources sectors. For more information visit www.ngpenergycapital.com.

Contacts

Trilogy Midstream Investments, LLC
Robert Cannon, 832-753-4336
[email protected]