We believe that our relationship with Mesquite Energy, Inc. (“Mesquite Energy”) and associated acreage dedications, provide us with a long range strategic advantage. As of March 13, 2020, Mesquite Energy owned approximately 11.4% of our outstanding common units. Since March 2015, we have completed three midstream asset acquisitions and two working interest acquisitions from Mesquite Energy.
We have a shared services agreement in place with SP Holdings, LLC (“Manager”) the sole member of our general partner, pursuant to which Manager provides services we require to conduct our business, including overhead, technical, administrative, marketing, accounting, operational, information systems, financial, compliance, insurance, acquisition, disposition and financing services.
While we believe that our relationships with Mesquite Energy and Manager are a significant strength, they are also a source of potential risks and conflicts. For more information, we encourage investors to read our documents on file with the SEC, which are available at: www.sec.gov.