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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Copyright Business Wire 2018
Source: Business Wire
(November 13, 2018 - 4:42 PM EST)
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