| Summary: |
Funds IV and V own a stake in Enogex LLC through Bronco Midstream Holdings, LLC and Bronco Midstream Holdings II, LLC (“Bronco”). Headquartered in Oklahoma City, Enogex is OGE Energy Corp.’s integrated natural gas midstream subsidiary and operates the 11th largest pipeline network in the U.S. Enogex’s high quality assets are strategically located in the Arkoma and Anadarko basins in Oklahoma and the Texas Panhandle, including the Granite Wash and Cana plays, and represent one of the most active natural gas midstream areas in North America. Enogex currently has over 7,900 miles of gathering and transportation pipelines, ten processing facilities including two in construction, two natural gas storage assets, 530,000 horsepower of owned compression and 600 employees. Bronco intends to fund significant growth capital expenditures, increasing Bronco’s aggregate ownership in the Company over a period of time. |