COYOTE ANNOUNCES JOINT VENTURE AND TERMINAL ACQUISITION

Dallas, Texas, May 25, 2019—Coyote Midstream Partners, LLC (“Coyote”), a Coyote Midstream affiliate company, today announced that it has formed a joint venture with Maxim Crude Oil, LLC (“Maxim”) to develop a crude oil and saltwater disposal business in East Texas.  In connection with the joint venture, Coyote will indirectly acquire a majority interest in the Karnack Terminal, a liquids blending facility located in Harrison County, Texas.

Les Patterson, Managing Partner and CEO of Coyote, said “East Texas is a major hub for crude oil marketing and pipeline logistics.  This joint venture and terminal acquisition will help us establish a significant footprint in the larger Longview-to-Shreveport midstream landscape and bolster our ability to serve our customers.”

Coyote is led by Mr. Patterson, its Managing Partner & CEO.  The Coyote leadership team has a track record of success, combining more than 40 years of oilfield construction and management experience with a demonstrated capacity to originate transactions, structure and develop midstream assets, and optimize them in major basins around the country.

ABOUT COYOTE
Coyote Midstream family of companies is an independent, growth-oriented energy infrastructure provider focused on liquids, gas and produced water gathering, pipeline transportation, and terminaling.  They are based in Salt Lake City, Utah.  For more information, please visit coyotemidstream.com.

ABOUT MAXIM
Maxim Crude Oil, LLC is a crude oil marketing and terminaling provider.  They own and operate facilities in George West, Texas; Odessa, Texas; and Hobbs, New Mexico.  Maxim is led by James Jensen, who previously owned and operated St. James Oil, Ltd., an exploration and production company, which he sold in 2012.