Tallgrass Pony Express Pipeline Announces Binding Open Season for Crude Oil Pipeline Expansion
04 November 2014 - 10:43AM
Business Wire
Tallgrass Pony Express Pipeline, LLC (“Pony
Express”) announced today that it has commenced a binding open
season for the previously announced expansion of its crude oil
pipeline system. Pony Express is soliciting shipper commitments for
crude oil transportation service from Guernsey, Wyoming and from
points in northeastern Colorado and southeastern Wyoming to
delivery points at Cushing, Oklahoma under a Local Tariff. The open
season is scheduled to close on December 5, 2014.
Beginning in mid-2015, Pony Express expects to provide shippers
who commit to the full expansion a pro rata share of interim
capacity of approximately 100,000 barrels/day. The full expansion
capacity is currently expected to be operational in the second half
of 2016.
In addition to this Local Tariff open season, Pony Express
expects to conduct one or more Joint Tariff open seasons with at
least one upstream pipeline to facilitate the transportation of
crude oil produced from the Powder River Basin and/or the Bakken
production area into Guernsey, Wyoming.
For commercial inquiries about the Pony Express expansion
project, please contact John Eagleton at (303) 763-3226 or
john.eagleton@tallgrassenergylp.com or Bob Mishler at (303)
763-3319 or robert.mishler@tallgrassenergylp.com.
About Tallgrass Pony Express Pipeline, LLC
Pony Express owns an approximately 690 mile crude oil pipeline
commencing in Guernsey, Wyoming and terminating in Cushing,
Oklahoma, with delivery points at Ponca City Refinery and Deeprock
in Cushing. Upon completion of ongoing construction, Pony Express
will also own an approximate 66 mile lateral in Northeast Colorado
that will commence in Weld County, Colorado and interconnect with
the Pony Express mainline just east of Sterling, Colorado. The
lateral in Northeast Colorado is expected to be in service sometime
during the first half of 2015. Additional detail regarding the Pony
Express crude oil pipeline system is available at
http://pipeline.tallgrassenergylp.com.
Tallgrass Energy Partners, LP (NYSE: TEP) owns 33.3% of Pony
Express and Tallgrass Development, LP owns 66.7% of Pony Express.
TEP is the managing member of Pony Express.
Forward-Looking Statements
Disclosures in this press release contain “forward-looking
statements.” All statements, other than statements of historical
facts, included in this press release that address activities,
events or developments that management expects, believes or
anticipates will or may occur in the future are forward-looking
statements. Without limiting the generality of the foregoing,
forward-looking statements contained in this press release
specifically include Pony Express's ability to complete a potential
expansion of its crude oil pipeline system, the expected in-service
date of any phase of the potential expansion and any synergies or
benefits that would flow to Pony Express or its members if the
potential expansion is completed. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are
beyond the control of TEP and Pony Express, which may cause actual
results to differ materially from those implied or expressed by the
forward-looking statements, and other important factors that could
cause actual results to differ materially from those projected,
including those set forth in reports filed by TEP with the
Securities and Exchange Commission. Any forward-looking statement
applies only as of the date on which such statement is made and
Pony Express and TEP do not intend to correct or update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
Tallgrass Energy Partners, LPInvestor and Financial
InquiriesNate Lien,
913-928-6012investor.relations@tallgrassenergylp.comorMedia and
Trade InquiriesPhyllis Hammond,
913-928-6014media.relations@tallgrassenergylp.com
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