IRVING, TEXAS, December 6, 2016 – Medallion Midstream, LLC and its affiliate, Medallion Midstream Services, LLC, (Medallion) today announced that it has entered into a letter of intent to construct a new Delaware Basin crude oil pipeline system to provide crude oil gathering and transportation services for Parsley Energy (NYSE: PE) (Parsley).  The new pipeline will be anchored by Parsley’s long-term dedication to Medallion of approximately 35,000 acres held under lease and/or mineral interest in Pecos and Reeves Counties, Texas.

Irving, Texas, April 27, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced the successful closing of the binding open season for its proposed crude oil pipeline extension, (the “Crane Extension”), as well as the capacity expansion of its existing Midkiff Lateral pipeline, (the “Midkiff Expansion”).  As previously announced, the binding open season for the Crane Extension and Midkiff Expansion commenced on February 24, 2016.

Irving, Texas, April 19, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, announced yesterday a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the fifth major expansion of Medallion’s existing crude oil pipeline system.  With the addition of the current project proposed by the open season, and two other projects proposed in two successful preceding open seasons in February 2016, Medallion’s operations will consist of approximately 380 miles of pipeline facilities providing shippers with

Irving, Texas, March 29, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced the successful closing of the binding open season for its proposed crude oil pipeline extension, (the “Howard Lateral”).  As previously announced, the binding open season for the Howard Lateral commenced on February 9, 2016.

Irving, Texas, February 24, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the fourth major expansion of Medallion’s existing crude oil pipeline system.  The current project proposed by the Open Season will further extend and expand the geographic scope of the 370-mile Medallion system:

Irving, Texas, February 9, 2016 — Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the third major expansion of Medallion’s existing crude oil pipeline system. The current project proposed by the Open Season will further extend and expand the geographic scope of the existing 320-mile system:

Medallion Pipeline Company, LLC (“Medallion”), announced the successful closing of the binding open season for its proposed crude oil pipeline extension, (the “Santa Rita Lateral”), as well as for the capacity expansion of its existing Reagan Gathering Extension pipeline, (the “Reagan Expansion”).  As previously announced, the binding open season for the Santa Rita Lateral and the Reagan Expansion commenced on February 11, 2015.

Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced a binding Open Season which solicits long-term commitments from shippers for firm transportation capacity on the second major expansion of Medallion’s existing crude oil pipeline system.  With the first expansion of the system nearing completion, the current project proposed by the Open Season will further extend and expand the geographic scope of the existing 200-mile, 95,000 barrel per day system:

Medallion Pipeline Company, LLC (“Medallion”), a subsidiary of Medallion Midstream LLC, today announced the successful closing of the binding open season for its proposed crude oil pipeline extension, (the “Midkiff Lateral”), as well as for the capacity expansion of its existing Wolfcamp Connector pipeline, (the “Wolfcamp Connector Expansion”).  As previously announced, the binding open season for the Midkiff Lateral and the Wolfcamp Connector Expansion commenced on November 6, 2014.