JP Energy Partners Announces Strategic Extension of its Silver Dollar Pipeline

IRVING, Texas--(BUSINESS WIRE)--JP Energy Partners LP (“JP Energy”) (NYSE:JPEP) announced that it has signed a 10-year fee-based gathering agreement with Discovery Natural Resources LLC (“Discovery”) to construct and operate an extension of its Silver Dollar Pipeline crude oil gathering system into the core of the Midland Basin. The agreement with Discovery is supported by a dedication of 53,000 acres in Reagan, Glasscock, Sterling and Irion Counties. In addition to pipeline gathering, JP Energy will also provide crude oil trucking, marketing and related services for Discovery.