TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), as previously communicated, is pleased to announce that due to additional shipper interest a second binding open season will start today, Thursday, July 7, 2016 at 8:00 am Central Daylight Time for its wholly owned Grand Mesa Pipeline, LLC (“Grand Mesa”) crude oil pipeline. This open season will close on Thursday, July 28, 2016 at 5:00 pm Central Daylight Time.
Potential shippers will have access to the open season documents upon execution of a confidentiality agreement with Grand Mesa. The Confidentiality Agreement can be obtained by accessing the website: WWW.GRANDMESAPIPELINE.COM.
The Grand Mesa pipeline will provide takeaway capacity for crude oil producers in the Denver-Julesburg Basin. The pipeline is expected to be in operation November 2016. It originates in Weld County, Colorado and extends approximately 550 miles southeast to NGL’s crude oil storage terminal at Cushing, Oklahoma. The pipeline will be capable of receiving and batch transporting 150,000 barrels per day for delivery into the Cushing hub, which affords its shippers access to both U.S. Midcontinent refining and trading markets as well as the Texas Gulf Coast refinery complex. The pipeline not only supports the continued growth and production in the area, but does so in a cost-effective and environmentally responsible way by reducing the current utilization of rail and truck transportation.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with five primary businesses: crude oil logistics, water solutions, liquids, retail propane and refined products and renewables. For more information visit NGL's website at www.nglenergypartners.com.
This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes its expectations as reflected in the forward-looking statements are reasonable, NGL can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.