Tallgrass Energy Announces Pony Express Pipeline Expansion
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tallgrass Energy, LP (NYSE: TGE), through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), today announced a binding open season soliciting shipper commitments for crude oil transportation service from the Guernsey, Wyo., origin point to refinery delivery points along the Pony Express system and to Cushing, Okla. The open season commences at 12 p.m. Central Standard Time on Nov. 16, 2018, and is expected to conclude on Jan. 18, 2019.
Based on commitments received in this binding open season, Pony Express plans to expand capacity on the pipeline up to an additional 300,000 barrels per day beyond expected year-end capacity of approximately 400,000 barrels per day. Company officials expect the expansion to be staged over the next two years, with full-in service in Q3 2020.
Interested parties may review details of the open season after executing a confidentiality agreement that may be obtained by contacting Kyle Quackenbush, 303.763.3319, Andrew DiPaolo, 303.763.3329, or Dean Dick, 307.232.4430.
About Tallgrass Energy
Tallgrass Energy, LP (NYSE: TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering 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 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 the feasibility, cost, execution, in-service timing, capabilities and expected benefits of the Pony Express Pipeline expansion project. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of TGE, 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 TGE with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made, and TGE 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.
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Source: Tallgrass Energy