Page 27 - January 28, 2019
P. 27
THE WEEKLY ANCHOR
PAGE 18 MONDAY NOVEMBER 6, 2017
THE WEEKLY ANCHOR MONDAY JANUARY 28, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
Tallgrass Energy and Kinder Morgan Announce Exclusive Agreement
for Rockies Crude Oil Transportation Service to Downstream Markets Growth in the oil sands projects drives
Tallgrass Energy, LP (NYSE: TGE) and projects. The combined project is expected to
Kinder Morgan, Inc. (NYSE: KMI) today provide initial service as early as the second need for more pipelines to 2030: CAPP
announced an agreement to jointly half of 2020.
develop a solution to increase existing “This combination of assets creates a
crude oil takeaway capacity in the significant growth opportunity for both
growing Powder River and Denver- companies,” said Tallgrass Chief Operating
Julesburg basins and to add incremental Officer Bill Moler. “Shippers benefit by
capacity to the Williston Basin and gaining access to a pipeline system that can
portions of Western Canada. source from multiple basins and access
Pursuant to the agreement, the proposed numerous demand markets including existing
venture would include both existing and refinery connections on Pony Express and
newly constructed assets. TGE would Tallgrass' downstream options. Other shipper
contribute its Pony Express Pipeline benefits include a quicker in-service date and
System, and KMI would contribute the ability to batch a greater variety of
portions of its Wyoming Intrastate common streams.”
Company and Cheyenne Plains Gas “There are a number of competitive
Tim McMillan Pipeline and begin the process of advantages to jointly developing this project
President and CEO abandonment and conversion to crude oil and leveraging KMI's and TGE's existing
Canadian Association of Petroleum Producers
service. In addition, approximately 200 assets, including the expansion of our Double
miles of new pipeline would be H Pipeline system,” said Don Lindley, Chief
constructed to provide crude oil deliveries Commercial Officer for Products Pipelines at
into Cushing, Okla. KMI. “Chief among them is the ability to
In total, the combined pipeline system is quickly and efficiently place an additional
expected to be capable of delivering up to 550,000 barrels per day of crude
800,000 barrels per day (bpd) of light transportation takeaway capacity in service
crude oil and 150,000 bpd of heavy crude from the Rockies, which helps domestic
oil from points in Wyoming and Colorado producers and offers near-term relief for
to TGE's and KMI's Deeprock terminal in Canadian producers.”
Cushing. From there, customers will have Completion of the transaction between TGE
pipeline connectivity to the Gulf Coast and KMI remains subject to conditions,
and export markets through TGE's including receipt of applicable state and
planned Seahorse Pipeline and other federal regulatory approvals, among other
existing or proposed future pipeline items.
This page is sponsored by industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
PAGE 18 MONDAY NOVEMBER 6, 2017
THE WEEKLY ANCHOR MONDAY JANUARY 28, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
Tallgrass Energy and Kinder Morgan Announce Exclusive Agreement
for Rockies Crude Oil Transportation Service to Downstream Markets Growth in the oil sands projects drives
Tallgrass Energy, LP (NYSE: TGE) and projects. The combined project is expected to
Kinder Morgan, Inc. (NYSE: KMI) today provide initial service as early as the second need for more pipelines to 2030: CAPP
announced an agreement to jointly half of 2020.
develop a solution to increase existing “This combination of assets creates a
crude oil takeaway capacity in the significant growth opportunity for both
growing Powder River and Denver- companies,” said Tallgrass Chief Operating
Julesburg basins and to add incremental Officer Bill Moler. “Shippers benefit by
capacity to the Williston Basin and gaining access to a pipeline system that can
portions of Western Canada. source from multiple basins and access
Pursuant to the agreement, the proposed numerous demand markets including existing
venture would include both existing and refinery connections on Pony Express and
newly constructed assets. TGE would Tallgrass' downstream options. Other shipper
contribute its Pony Express Pipeline benefits include a quicker in-service date and
System, and KMI would contribute the ability to batch a greater variety of
portions of its Wyoming Intrastate common streams.”
Company and Cheyenne Plains Gas “There are a number of competitive
Tim McMillan Pipeline and begin the process of advantages to jointly developing this project
President and CEO abandonment and conversion to crude oil and leveraging KMI's and TGE's existing
Canadian Association of Petroleum Producers
service. In addition, approximately 200 assets, including the expansion of our Double
miles of new pipeline would be H Pipeline system,” said Don Lindley, Chief
constructed to provide crude oil deliveries Commercial Officer for Products Pipelines at
into Cushing, Okla. KMI. “Chief among them is the ability to
In total, the combined pipeline system is quickly and efficiently place an additional
expected to be capable of delivering up to 550,000 barrels per day of crude
800,000 barrels per day (bpd) of light transportation takeaway capacity in service
crude oil and 150,000 bpd of heavy crude from the Rockies, which helps domestic
oil from points in Wyoming and Colorado producers and offers near-term relief for
to TGE's and KMI's Deeprock terminal in Canadian producers.”
Cushing. From there, customers will have Completion of the transaction between TGE
pipeline connectivity to the Gulf Coast and KMI remains subject to conditions,
and export markets through TGE's including receipt of applicable state and
planned Seahorse Pipeline and other federal regulatory approvals, among other
existing or proposed future pipeline items.
This page is sponsored by industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
