Parnon Gathering Provides Update on Great Salt Plains Pipeline

TULSA, Okla.--(BUSINESS WIRE)--Parnon Gathering, LLC (“Parnon”) is pleased to announce that the Great Salt Plains Pipeline is scheduled to begin receiving oil into its Cherokee terminal on October 12, 2012 and will start pumping to Cushing a few days later. The pipeline and related tanks are all mechanically complete, with hydro-testing in progress. Parnon’s new eight-inch Great Salt Plains Pipeline originates in Cherokee, Oklahoma and terminates in Cushing, Oklahoma. The Great Salt Plains Pipeline will have an initial capacity of 20,000 barrels per day with future expansion planned to increase capacity to 35,000 barrels per day.

Parnon is a crude oil midstream company that purchases, gathers, transports and markets crude oil for producers and refiners in the Mid-Continent area, and the company currently moves approximately 15,000 barrels a day of crude oil. Parnon owns 53 crude oil transports, 23 truck injection stations and approximately 200 miles of crude oil pipelines.

Parnon is a wholly owned subsidiary of JP Energy. JP Energy was formed in 2010 to focus on developing a platform of midstream assets to provide refinery services. JP Energy currently owns these assets through its subsidiaries Pinnacle Propane, JP Crude Oil Services and JP Refined Products. The ownership and management team of JP Energy bring extensive experience and a history of success in the energy business. More information about JP Energy and its subsidiaries can be found at www.jpenergypartners.com.