Monarch Oil Pipeline, LLC Extends Open Season to Accommodate Shipper Response

Monarch Oil Pipeline, LLC (Monarch), a subsidiary of Monarch Natural Gas Holdings, LLC, today announced an extension of the Open Season to solicit capacity commitments from shippers on the Monarch Pipeline. The Open Season, which began on December 1, 2014 and was originally scheduled to close on January 30, 2015, will now close on February 20, 2015 at 5:00 p.m. CST.

The Open Season has received much interest from shippers. Monarch is extending the deadline for the Open Season to be responsive to the marketplace and assure adequate time to make changes to the Open Season documents. These changes are intended to make the Project as dynamic as possible given the current state of the crude oil marketplace. To accommodate market needs, the revised Open Season documents incorporate certain revisions to the transportation service agreements and pro forma tariffs that were made available to Open Season participants. These revised documents will be made available to all Open Season participants who have signed a Confidentiality Agreement and to any new participants upon execution of a Confidentiality Agreement.

The Monarch Pipeline system will continue to be divided into two primary components, an upstream gathering system to transport crude oil from the Production Areas to the Casey Station, an operational terminal and storage facility in Section 161 in Lipscomb County, Texas, and an 8-inch mainline pipeline that will transport crude oil from the Casey Station to the Plains’ Reydon Station interconnect. Monarch projects an initial capacity of 30,000 barrels of crude oil per day on each component, but is open to negotiations to increase the pipeline capacity and/or alter its configuration to meet market needs. The anticipated in-service date remains the second quarter of 2015.

For more information about the Open Season please send inquires to the following contacts:

Open Season Inquiries Contact:

Monarch Oil Pipeline, LLC
2801 Via Fortuna, Ste. 675
Austin, Texas 78746
Attention: Mark Ingram
Telephone: (512) 215-2194
Email: mingram@mngllc.com

Media and General Inquiries Contact:

Mark Ingram
512-215-2194
mingram@mngllc.com

or

T.J. Henderson
281-814-6909
TJHenderson@mngllc.com

About Monarch Oil Pipeline, LLC:

Monarch is a subsidiary of Monarch Natural Gas Holdings, LLC (www.monarchnaturalgasllc.com), a private, full-service midstream energy company focused on building and operating assets in the midstream sector of the Oil and Gas industries. Monarch Natural Gas Holdings, LLC provides producers of natural gas and crude oil with all related services from the wellhead to market by designing, building and operating facilities dedicated to the producers needs with a strong focus on performance, safety and reliability.

With significant equity funding from Metalmark Capital as well as management, Monarch Natural Gas Holdings, LLC has strong growth potential as we are able to move quickly to meet our customers’ needs while continuing to aggressively pursue new business development prospects through strategic acquisitions and greenfield projects.