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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
  "authorId": "antero-midstream-partners",
  "authorName": "Antero Resources",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "The slide uses a combination of bulleted text to explain the trend and bar charts to demonstrate market performance and price reactions.",
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      "kind": "chart",
      "text": "One-Day Price Reactions to Recent Large-Scale Simplification Announcements",
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      "kind": "chart",
      "text": "ONEOK Has Been a Top 3 Performer Since Simplification Announcement",
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      "text": "Shortly after the 2008 / 2009 financial crisis, a handful of bellwether MLPs underwent similar simplifications (Magellan, Enterprise, etc.), and entered the Shale revolution with a more advantageous and cost-effective structure. In recent years, several major MLPs folded into their publicly traded GP C-Corps (KMI, OKE, TRGP), resulting in structural simplification, enhanced corporate governance and greater institutional ownership. In an acceleration of the trend, and in recognition of the long-term benefits many of the most reputable MLPs have taken action in 2018 towards some type of corporate simplification",
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      "kind": "source-note",
      "text": "Source: Company filings, FactSet. Simplification announcement took place on 2/1/17 and closed on 6/30/17",
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      "kind": "title",
      "text": "Several Large-Scale Corporate Simplifications Have Announced and Been Well-Received in 2017 / 2018",
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