Tallgrass Energy Partners, LP (NYSE: TEP) is pleased to announce
the launch of an open season to transport natural gas on the
Cheyenne Connector pipeline (“Cheyenne Connector”) from the
Denver-Julesburg Basin (“DJ Basin”) to the Rockies Express Pipeline
(“REX”) Cheyenne Hub just south of the Colorado-Wyoming border.
Cheyenne Connector has signed long-term precedent agreements to
transport 600 MMcf/d of natural gas with affiliates of Anadarko
Petroleum Corporation (NYSE: APC) and DCP Midstream, LP (NYSE:
DCP). Cheyenne Connector will provide takeaway solutions for DJ
Basin gas producers, connecting natural gas to REX’s Cheyenne Hub
where it can then be delivered to numerous demand markets across
the country on either REX or other interconnected pipelines.
Cheyenne Connector, to be operated by Tallgrass, will be a
large-diameter pipeline approximately 70 miles long, with an
initial capacity of at least 600 MMcf/d and significant capability
for expansion. Tallgrass is jointly developing the pipeline with
Western Gas Partners, LP (NYSE: WES) and DCP, who both hold an
option to invest in Cheyenne Connector at a later date. Cheyenne
Connector is expected to be in service in Q3 2019, subject to
certain conditions, including required approvals from the Federal
Energy Regulatory Commission.
“We are pleased to support this takeaway solution which will
facilitate continued growth of the DJ,” said Scott Moore, Senior
Vice President for Anadarko.
“We believe this project is another important step in developing
and expanding market access to serve our customers and meet their
DJ production growth,” said Don Baldridge, President of Commercial
for DCP.
TEP’s Chief Commercial Officer Matt Sheehy agreed, saying,
“Tallgrass is excited to work with Anadarko and DCP to serve the
needs of the producing community in the DJ Basin. As production
increases in the basin, additional pipeline capacity is needed, and
by taking gas to the REX Cheyenne Hub, Cheyenne Connector will
further link Rockies gas to diverse end-user markets across the
country.”
About Tallgrass Energy
Tallgrass Energy is a family of companies that includes publicly
traded partnerships Tallgrass Energy Partners, LP (NYSE: TEP) and
Tallgrass Energy GP, LP (NYSE: TEGP), and privately held Tallgrass
Development, LP. Operating across 10 states, Tallgrass is a
growth-oriented midstream energy operator 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 Western Gas Partners, LP
Western Gas Partners, LP ("WES") is a growth-oriented Delaware
master limited partnership formed by Anadarko Petroleum Corporation
to acquire, own, develop and operate midstream energy assets. With
midstream assets located in the Rocky Mountains, North-central
Pennsylvania and Texas, WES is engaged in the business of
gathering, compressing, treating, processing, and transporting
natural gas; gathering, stabilizing and transporting condensate,
natural gas liquids and crude oil; and gathering and disposing of
produced water for Anadarko, as well as for other producers and
customers.
For more information about Western Gas Partners, LP and Western
Gas Flash Feed updates, please visit www.westerngas.com.
About DCP Midstream
DCP Midstream, LP (NYSE: DCP) is a midstream master limited
partnership, with a diversified portfolio of assets, engaged in the
business of gathering, compressing, treating, processing,
transporting, storing and selling natural gas; producing,
fractionating, transporting, storing and selling NGLs and
recovering and selling condensate. DCP owns and operates more than
60 plants and 63,000 miles of natural gas and natural gas liquids
pipelines, with operations in 17 states across major producing
regions and leads the midstream segment as one of the largest
natural gas liquids producers and marketers and one of the largest
natural gas processors in the U.S. Denver, Colorado based DCP is
managed by its general partner, DCP Midstream GP, LP, which is
managed by its general partner, DCP Midstream GP, LLC, which is
100% owned by DCP Midstream, LLC. DCP Midstream, LLC 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” within the meaning of the U.S. securities laws. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that management “expects,” “believes,” “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
whether the Cheyenne Connector project will be completed and, if
such project is completed, whether it will be completed on time, on
budget or consistent with the expected specifications outlined in
this press release, including Cheyenne Connector’s expected ability
to deliver volumes into REX’s Cheyenne Hub, and whether the
Cheyenne Connector project will provide surety of gas flows or
additional market access for customers. Such statements are subject
to a number of assumptions, risks and uncertainties, many of which
are beyond the control of TEP, DCP, Anadarko and their affiliates,
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 TEP, DCP, Anadarko or their affiliates with the
Securities and Exchange Commission. Any forward-looking statement
applies only as of the date on which such statement is made and
none of the entities referenced in this press release 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:Investor
and Financial InquiriesNate Lien,
913-928-6012investor.relations@tallgrassenergylp.comorMedia and
Trade InquiriesPhyllis Hammond,
303-763-3568phyllis.hammond@tallgrassenergylp.comorWestern Gas Partners, LP:Jonathon E.
VandenBrand, 832-636-6000jon.vandenbrand@anadarko.comorDCP Midstream:Irene Lofland,
303-605-1822Ilofland@dcpmidstream.comorMediaRoz Elliott,
303-605-1707rlelliott@dcpmidstream.com
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