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Bankruptcy Watch 1/19/16

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With market participants fixated on the fate of US Shale producers and their midstream agreements, MLPData will be publishing a weekly roundup of E&P filings and their midstream creditors as disclosed in their filing.  Our goal is to ensure that midstream MLP investors are aware of unsecured creditor status associated with a bankruptcy filing.  Midstream agreements can be modified prior to, and as a result of, bankruptcy.  The extent to which the agreements are modified are opaque, but the Top 20 Unsecured Credit list, published in a Bankruptcy filing, provides insight into the receivables and revenues at risk from re-negotiation or termination

 

 

BANKRUPTCY FILING - 12/15/15  MAGNUM HUNTER

COUNTERPARTY:  EXTERRAN ENERGY SOLUTIONS LP, USA COMPRESSION PARTNERS 

BALANCE:  $314,938

 

POSSIBLE MLP EXPOSURE - USA Compression Partners Ticker: USAC  Archrock Partners LP Ticker APLP

Balance:  $1,352,000

 

Exterran Energy Solutions L.P., is a wholly-owned subsidiary of Exterran Corporation, a to be publicly listed international compression services and global fabrication company based in Houston.  It is not clear as to whether the contracted party is the Archrock MLP or  Exterran.

 

 

 

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