Tallgrass Energy Partners announces strategic acquisitions and organic growth projects

Tallgrass Energy Partners, LP has announced strategic acquisitions by its Terminals and Water Services businesses and several commercial deals that expand and strengthen its Pony Express crude oil pipeline position in the regions it serves.

Since the company’s Q1 2017 earnings call in May, Tallgrass Energy has now announced or completed acquisitions and growth projects of approximately $350 million.

Tallgrass Energy President and Chief Executive Officer, David G. Dehaemers Jr said: “Today’s announcements clearly demonstrate TEP’s expansive footprint and ability to grow through strategic and accretive acquisitions as well as through organic commercial development. These acquisitions and growth projects enable us to help our customers grow their businesses.”

The company has acquired an additional 49% interest in the Deeprock Development crude oil terminal at Cushing, Oklahoma, increasing its total interest to 69%, for a purchase price of approximately $70m.

For full details visit www.tallgrassenergy.com 

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31st July 2017