Tallgrass Energy announces plans for new terminal in Key Colorado Oil Complex
Tallgrass Energy Partners, LP, through its subsidiaries Tallgrass Terminals, LLC and Tallgrass Pony Express Pipeline, LLC has signed an agreement with Saddle Butte Pipeline to develop the Tallgrass Grasslands Terminal. The terminal will be in the heart of the Platteville, Colorado, oil terminal complex and will interconnect with Saddle Butte’s Denver-Julesburg Basin crude oil gathering system.
Pending the successful conclusion of the Pony Express Pipeline’s recently announced open season, the Tallgrass Grasslands Terminal will serve as a new pipeline origin for the Pony Express Platteville Extension. The Platteville Extension is expected to have an ultimate takeaway capacity of at least 80,000 barrels of crude oil per day and is expected to be in service by Q2 2018.
Saddle Butte’s Milton Terminal will also serve as an origin point on Pony Express, allowing Pony Express to offer direct refinery and Cushing terminal connections to Saddle Butte’s producer customers in the near term while the Tallgrass Grasslands Terminal is developed. The Milton Terminal will continue as an origin point when the terminal is operational. Tallgrass Terminals will wholly own and operate the Tallgrass Grasslands Terminal when it is completed.
For more information visit www.tallgrassenergy.com
Image shown is for representation only and is not the new Tallgrass Grasslands Terminal
11th June 2017