American Midstream Announces Extension of Open Season for Crude Oil Deliveries to Dakota Access Pipeline
American Midstream Partners, LP (NYSE: AMID) (“Partnership” or “AMID”)
announced today that the previously announced open season for crude oil
deliveries to the Dakota Access Pipeline (“DAPL”) has been extended to 5
p.m. CT on July 31, 2017 to incorporate certain modifications requested
by shippers. The open season, which commenced on June 26, 2017, is for
committed crude oil pipeline capacity from existing receipt points on
AMID’s Bakken pipeline system to a newly constructed delivery point
interconnecting into DAPL in Watford City.
Bona fide potential shippers that would like to receive copies of the
open season documents must first execute a confidentiality agreement, a
copy of which they can request from Philip Weigand. Upon execution of a
confidentiality agreement, AMID will provide such potential shippers a
form of Transportation Services Agreement (“TSA”) (or a TSA amendment
for existing shippers), and a proposed FERC tariff. During the open
season, AMID will entertain comments, questions or proposed changes to
the general terms and conditions of the proposed tariff and TSA.
All requests for open season documents, presentation of bids, and other
correspondence should be directed to:
Philip Weigand
Commercial
Manager, Bakken (346) 241-3569
pweigand@americanmidstream.com
About American Midstream Partners, LP
American Midstream Partners, LP is a growth-oriented limited partnership
formed to provide critical midstream infrastructure that links producers
of natural gas, crude oil, NGLs, condensate and specialty chemicals to
end-use markets. American Midstream’s assets are strategically located
in some of the most prolific onshore and offshore basins in the Permian,
Eagle Ford, East Texas, Bakken and Gulf Coast. American Midstream owns
or has an ownership interest in approximately 4,000 miles of interstate
and intrastate pipelines, as well as ownership in gas processing plants,
fractionation facilities, an offshore semisubmersible floating
production system with nameplate processing capacity of 80 MBbl/d of
crude oil and 200 MMcf/d of natural gas; and terminal sites with
approximately 6.7 MMBbls of storage capacity. The Partnership owns the
third largest cylinder exchange business and one of the largest regional
retail propane providers.
For more information about American Midstream Partners, LP, visit www.americanmidstream.com.
Disclaimer
This notification together with any and all documents related to the
open season is provided for informational purposes only. Notwithstanding
anything contained herein to the contrary, this notification, any
related agreements and any other documents related to the open season
are not intended to constitute, nor shall they be construed to
constitute, an offer or any binding obligation whatsoever on AMID until
AMID has countersigned and delivered a fully executed TSA (as defined in
the open season Process) to an interested party. AMID reserves the
right, in its sole discretion, to modify, terminate or extend the open
season, in whole or in part, at any time and without advance notice,
including without limitation, any ensuing discussions with any recipient
of any documents related to the open season. AMID further reserves the
right to modify or supplement any of the documents associated with the
open season without notice.
Under no circumstances shall AMID or any of its members or any of its or
their affiliated companies or any of its or their respective directors,
officers, employees, agents, attorneys, advisers and representatives be
responsible for any costs or expenses incurred by any recipient of any
documents associated with the open season or any other liability
incurred by any such recipient in connection with any investigation or
evaluation of the Pipeline project.
Forward-Looking Statements
This press release may contain forward-looking statements. All
statements that are not statements of historical facts, including
statements regarding our future financial position, business strategy,
budgets, projected costs and plans and objectives of management for
future operations, are forward-looking statements. We have used the
words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “predict,” “project,” “should,” “will,” “potential,” and
similar terms and phrases to identify forward-looking statements in this
press release. Although we believe that the assumptions underlying our
forward-looking statements are reasonable, any of these assumptions
could be inaccurate, and, therefore, we cannot assure you that the
forward-looking statements included herein will prove to be accurate.
These forward-looking statements reflect our intentions, plans,
expectations, assumptions and beliefs about future events and are
subject to risks, uncertainties and other factors, many of which are
outside our control. Actual results and trends in the future may differ
materially from those suggested or implied by the forward-looking
statements depending on a variety of factors which are described in
greater detail in our filings with the Securities and Exchange
Commission (“SEC”). Please see our “Risk Factor” and other disclosures
included in our Annual Report on Form 10-K for the year ended December
31, 2016, filed with the SEC on March 28, 2017, and Form 10-Q for the
quarter ended March 31, 2017, filed with the SEC on May 15, 2017. All
future written and oral forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their entirety
by the previous statements. The forward-looking statements herein speak
as of the date of this press release. We undertake no obligation to
update any information contained herein or to publicly release the
results of any revisions to any forward-looking statements that may be
made to reflect events or circumstances that occur, or that we become
aware of, after the date of this press release.
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