Tallgrass Energy Announces Open Season for Further Pony Express Pipeline Expansion

LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy, LP (NYSE: TGE), through its affiliate Tallgrass Pony
Express Pipeline, LLC (“Pony Express”), today announced a new project to
support crude oil production in northern Weld County, Colorado, near the
border between Wyoming and Colorado. The Hereford Project will include
approximately 30 miles of new 12-inch pipeline, as well as expanded
capacity on the Pony Express system.

Sufficient interest arose during Pony Express’ existing open season for
expansion capacity from origin points in Colorado and Wyoming to
destinations along the system to justify the Hereford Project as a
stand-alone project.

The new 30-mile pipeline, the Hereford Lateral, will connect crude oil
gathering facilities and/or terminal facilities near Hereford, Colorado,
with existing Pony Express facilities located near the Pawnee origin
facility in Weld County. Pony Express expects the Hereford Lateral to be
in-service by July 2019, and the expansion capacity on the existing Pony
Express system to be in-service by May 2020 – both ahead of the larger
Pony Express system expansion announced Jan. 22, 2019.

Pony Express is launching a limited open season to allow interested
parties the opportunity to commit to the Hereford Project. The Hereford
Open Season will run from May 1, 2019, to May 15, 2019. The deadline for
bids is May 15, 2019.

Interested parties may review details of the open season after executing
a confidentiality agreement 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

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 Hereford
Lateral and Pony Express expansion projects. Forward-looking statements
may also include the expectations of plans, strategies, objectives and
growth and anticipated financial and operational performance of TGE and
its subsidiaries, including: the ability to pursue expansions and other
opportunities for incremental volumes; natural gas and crude oil
production growth in TGE’s operating areas; expected future benefits of
acquisitions or expansion projects; timing of anticipated spending on
planned expenses and maintenance capital projects; and distribution rate
and growth, including variability of quarterly distribution coverage.
These statements are based on certain assumptions made by TGE based on
management’s experience and perception of historical trends, current
conditions, anticipated future developments and other factors believed
to be appropriate. 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. These
include risks relating to TGE’s financial performance and results,
availability of sufficient cash flow to pay dividends and execute its
business plan, the demand for natural gas storage, processing and
transportation services and for crude oil transportation services,
operating hazards, the effects of government regulation, tax position
and other risks incidental to transporting, storing and processing
natural gas or transporting crude oil 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.


Investor and Financial Inquiries
Nate Lien, 913-928-6012
and Trade Inquiries
Phyllis Hammond, 303-763-3568

error: Content is protected !!