Tallgrass Pony Express Pipeline Extends Open Seasons
19 December 2014 - 12:00AM
Business Wire
Tallgrass Pony Express Pipeline, LLC (Pony Express) announced
today it is extending its local open season and its joint open
season with Hiland Crude, LLC to accommodate interested shippers.
The extension will end on Jan. 23, 2015.
“Extending our open seasons beyond the holidays gives interested
shippers more time to work through the process,” said Pony Express
General Manager Doug Johnson. “It also allows shippers who may have
committed to a recently cancelled competing pipeline project an
opportunity to commit to the Pony Express expansion. We will move
forward with our pipeline expansion to accommodate all qualified,
committed shippers.”
Johnson added that 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 per day.
The company expects to complete construction of all new facilities
in 2016.
Interested parties may review the details of both open seasons
at the Pony Express website at
http://pipeline.tallgrassenergylp.com/Pages/OilOpenSeason.aspx?pipeline=402;
the joint open season also is available on the Hiland website at
http://www.hilandcrude.com.
About Tallgrass Pony Express Pipeline, LLC
Pony Express owns an approximately 690-mile crude oil pipeline
commencing in Guernsey, Wyo., and terminating in Cushing, Okla.,
with delivery points at the Ponca City Refinery and at Deeprock in
Cushing. Upon completion of ongoing construction, Pony Express also
will own an approximately 66-mile lateral in Northeast Colorado
that will commence in Weld County, Colo., and interconnect with the
Pony Express mainline just east of Sterling, Colo. 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 percent of Pony Express and Tallgrass
Development, LP owns 66.7 percent 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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