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  "notes": "Includes a sensitivity analysis table for Cost of Equity vs Perpetuity Growth Rate and Implied Terminal Yield.",
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      "text": "Assumptions: Implied value as of 6/30/2018, Discounted using mid-year convention, Perpetuity growth rate of 2.0%, Ke of 9.0%, Distribution policy set so that Midstream unitholders do not incur dilution in 2018 or 2019",
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      "text": "Pro Forma GP | 1.7000 x All-Exh. Ratio (1.5397 x Equity + $3.00 / Unit Cash)",
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      "text": "Source: Arkose Projections and Bloomberg market data as of 16-Aug-2018. 2022E PF DPS includes partial tax shield; terminal DPS calculated based on assumed 20% effective cash tax rate per management's guidance.",
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      "text": "Pro Forma Tax Attributes table showing Step Up Depreciation, Tax Rate, Cash Tax Savings, PV of Cash Tax Savings, and Value Per Pro Forma Share.",
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