LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Pony Express Pipeline, LLC (Pony Express) announced today it is extending its local open season and its joint open season with Hiland Crude, LLC to accommodate interested shippers. The extension will end on Jan. 23, 2015.
“Extending our open seasons beyond the holidays gives interested shippers more time to work through the process,” said Pony Express General Manager Doug Johnson. “It also allows shippers who may have committed to a recently cancelled competing pipeline project an opportunity to commit to the Pony Express expansion. We will move forward with our pipeline expansion to accommodate all qualified, committed shippers.”
Johnson added that beginning in mid-2015, Pony Express expects to provide shippers who commit to the full expansion a pro-rata share of interim capacity of approximately 100,000 barrels per day. The company expects to complete construction of all new facilities in 2016.
Interested parties may review the details of both open seasons at the Pony Express website at http://pipeline.tallgrassenergylp.com/Pages/OilOpenSeason.aspx?pipeline=402; the joint open season also is available on the Hiland website at http://www.hilandcrude.com.
About Tallgrass Pony Express Pipeline, LLC
Pony Express owns an approximately 690-mile crude oil pipeline commencing in Guernsey, Wyo., and terminating in Cushing, Okla., with delivery points at the Ponca City Refinery and at Deeprock in Cushing. Upon completion of ongoing construction, Pony Express also will own an approximately 66-mile lateral in Northeast Colorado that will commence in Weld County, Colo., and interconnect with the Pony Express mainline just east of Sterling, Colo. The lateral in Northeast Colorado is expected to be in service sometime during the first half of 2015. Additional detail regarding the Pony Express crude oil pipeline system is available at http://pipeline.tallgrassenergylp.com. Tallgrass Energy Partners, LP (NYSE: TEP) owns 33.3 percent of Pony Express and Tallgrass Development, LP owns 66.7 percent of Pony Express. TEP is the managing member of Pony Express.
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 Pony Express's ability to complete a potential expansion of its crude oil pipeline system, the expected in-service date of any phase of the potential expansion and any synergies or benefits that would flow to Pony Express or its members if the potential expansion is completed. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of TEP and Pony Express, 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 with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made and Pony Express and TEP do 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.