Tallgrass Energy Announces Pony Express Pipeline Expansion
November 13 2018 - 4:42PM
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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version on businesswire.com: https://www.businesswire.com/news/home/20181113006194/en/
Tallgrass EnergyInvestor and Financial
InquiriesNate Lien, (913)
928-6012investor.relations@tallgrassenergylp.comorMedia and
Trade InquiriesPhyllis Hammond, (303)
763-3568media.relations@tallgrassenergylp.com
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