Tallgrass Pony Express Pipeline Announces Open Season
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tallgrass Pony Express Pipeline, LLC (“Pony Express”) today announced a second open season to offer potential shippers another contracting option to make a commitment to a proposed extension and expansion of Pony Express’s system. This open season offers new capacity and transportation service on a proposed extension of the Pony Express system beginning at a new origin near Platteville, Colorado (and potentially another origin near Lucerne, Colorado) and ending at the Buckingham point (together, the “Platteville Extension”), as well as potential expanded capacity on Pony Express’s existing pipeline system (the “Existing System Expansion”). Together, the Platteville Extension and the Existing System Expansion are the “Project.” The Project will provide transportation service for petroleum meeting the Condensate (API gravity between 47º and 57º) common stream criteria to be established by Pony Express.
This second open season results from a binding bid received by Pony Express during an earlier, and separate, open season conducted by Pony Express that commenced on June 1, 2017 and ended on July 17, 2017 (“First Open Season”) and resulted in approximately 30,000 barrels per day of binding commitments. The deadline for submitting bids in this open season is August 15, 2017, which may be extended by Pony Express in its sole discretion.
Prospective bidders may review the details of this open season after the execution of a confidentiality agreement. Parties that entered into a confidentiality agreement with Pony Express in the First Open Season do not need to execute a new confidentiality agreement to review the current open season materials.
For further information and to request a copy of the form confidentiality agreement, please contact any of the following Pony Express representatives:
About Tallgrass Pony Express Pipeline, LLC
Pony Express owns the Pony Express System, which is an approximately 764-mile crude oil pipeline originating in Guernsey, Wyo. and northeast Colorado, and terminating at the oil hub of Cushing, Okla. It is an important link for significant oil plays such as the Bakken, Niobrara and the Powder River Basin to markets across the country. Additional detail regarding Pony Express is available at http://pipeline.tallgrassenergylp.com. Tallgrass Energy Partners, LP (NYSE: TEP) owns a 98 percent membership interest in Pony Express and Tallgrass Development, LP owns a 2 percent membership interest. TEP is the managing member of Pony Express.
Tallgrass Energy Partners, LP
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Source: Tallgrass Energy Partners, LP