Tallgrass’ Pony Express Pipeline Secures Committed Shipper for Platteville Extension in Northeast Colorado and Announces Binding Open Season
LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (NYSE:TEP), through its subsidiary
Tallgrass Pony Express Pipeline, LLC (Pony Express), today announced a
binding open season soliciting additional shipper commitments for light
crude petroleum transportation service on a potential extension of the
Pony Express System. Pony Express has already secured a commitment on
the proposed Platteville Extension, which would provide transportation
service from a receipt point near Platteville in Weld County, Colo. The
Platteville Extension would include a receipt point located at Saddle
Butte Pipeline’s Milton Terminal near Platteville, Colo., among other
potential receipt points.
Shippers will have access to delivery points at 1) Buckingham, Colo.; 2)
El Dorado, Kan.; 3) Ponca City, Okla.; and 4) Pony’s six final terminal
destinations in Cushing, Okla., under a Local Tariff that may
accommodate additional delivery points in the future. The light crude
petroleum, also known as condensate, will be batched in the pipeline.
Participating shippers will agree to ship petroleum having an API
gravity of not less than 47 degrees or more than 57 degrees and a sulfur
content not to exceed 0.2 percent.
Based upon shipper commitments received in this binding open season,
Pony Express will add new capacity to provide the transportation service
from Colorado to Oklahoma. Pony Express expects the open season to end
on July 17, 2017.
Interested parties may review the details of the open season after
executing a confidentiality agreement obtained by contacting Tallgrass
representatives Kyle Quackenbush, 303.763.3319; or Dean Dick,
About Tallgrass Energy
Tallgrass Energy is a family of companies that includes publicly traded
partnerships Tallgrass Energy Partners, LP (NYSE:TEP) and Tallgrass
Energy GP, LP (NYSE:TEGP), and privately held Tallgrass Development, LP.
Operating across 10 states, Tallgrass is a growth-oriented midstream
energy operator with transportation, storage, terminal and processing
assets that serve some of the nation’s most prolific crude oil and
natural gas basins.
To learn more, please visit our website at www.tallgrassenergy.com.
Cautionary Note Concerning Forward-Looking
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 the potential extension of the Pony Express
System to receipt points near Platteville in Weld County, Colo.
(including a receipt point located at Saddle Butte Pipeline’s Milton
Terminal near Platteville, Colo.), and Pony Express’ ability to add
capacity to its crude oil pipeline system. Such statements are subject
to a number of assumptions, risks and uncertainties, many of which are
beyond the control of 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. Any forward-looking statement
applies only as of the date on which such statement is made and Pony
Express does 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.