Tallgrass Energy Announces Cheyenne Connector Pipeline In-Service; D-J Basin Supply Gains First Firm Access to Rockies Expres...
June 26 2020 - 6:45AM
Business Wire
Tallgrass Energy, LP today announced that both the Cheyenne
Connector pipeline and the Rockies Express Pipeline (REX) Cheyenne
Hub Enhancement Project will commence commercial service effective
June 26, 2020, having obtained approval from the Federal Energy
Regulatory Commission on June 24, 2020. Tallgrass owns 50 percent
and operates Cheyenne Connector; DCP Midstream, the D-J Basin’s
leading provider of integrated gathering, processing and logistics
assets, owns the other 50 percent.
“We’re delighted to bring these projects in service safely,”
said Crystal Heter, Tallgrass Energy’s Segment President - Natural
Gas Transportation. “This is a win for Colorado producers and for
Tallgrass, as Cheyenne Connector provides much-needed incremental
takeaway capacity from the D-J Basin. The REX Cheyenne Hub
Enhancement Project provides Colorado producers connectivity to
bring their natural gas into the REX pipeline at Cheyenne Hub and
from there to markets across the country never before available to
D-J production.”
“Cheyenne Connector not only expands market access for D-J Basin
natural gas, but fully unlocks the production potential of this
premier basin for years to come,” said Corey Walker, President of
Operations for DCP Midstream. “With Cheyenne Connector now
in-service, we are excited to further integrate our value chain to
better serve our producer customers and create new cash flows.”
The 70-mile, 36-inch diameter Cheyenne Connector is fully
subscribed at 600 MMcf/d, with additional expansion capacity
available. The pipeline receives natural gas from processing
facilities in southern Weld County, Colo., in the D-J Basin and
delivers it to the REX Cheyenne Hub just south of the Wyoming
border, where numerous other natural gas pipelines interconnect
with REX.
The REX Cheyenne Hub was modified to allow it to receive natural
gas from interconnecting pipelines and to enable bi-directional
capability at several existing interconnects. It is currently
subscribed to 800 MMcf/d, 200 MMcf/d of which is anticipated to be
placed in-service in the fourth quarter of 2020. The REX Cheyenne
Hub Enhancement Project has additional expansion capability beyond
the 800 MMcf/d subscribed. Natural gas connecting to the REX
Cheyenne Hub can then be transported to numerous demand markets
across the country on REX and through downstream interconnected
pipelines.
About Tallgrass Energy
Tallgrass Energy, LP 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.
About DCP Midstream, LP
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner is a
joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.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 Cheyenne
Connector pipeline and the REX Cheyenne Hub Enhancement Project.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Tallgrass
Energy, LP, 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 any public or private reports issued by Tallgrass Energy, LP.
Any forward-looking statement applies only as of the date on which
such statement is made, and Tallgrass Energy, LP 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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Tallgrass Energy Contacts: Investor and Financial
Inquiries investor.relations@tallgrassenergylp.com or Media and
Trade Inquiries Phyllis Hammond, 303-763-3568
phyllis.hammond@tallgrassenergylp.com
DCP Midstream Contact: Investor and Media Relations Sarah
Sandberg 303-605-1626 scsandberg@dcpmidstream.com
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