NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023
December 06 2023 - 5:30AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is
pleased to announce that a binding open season will start today,
December 6, 2023 at 8:00 am Central Daylight Time for its wholly
owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil
pipeline. This open season will close on January 5, 2024 at 5:00 pm
Central Daylight Time.
Grand Mesa provides takeaway capacity for crude oil producers in
the Denver-Julesburg Basin. It originates in Weld County, Colorado
and extends approximately 550 miles southeast to NGL Crude Cushing,
LLC’s storage terminal at Cushing, Oklahoma. The pipeline is
capable of receiving and batch transporting up to 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.
NGL held open seasons in 2016 and in 2021 seeking commitments
from shippers interested in shipping on Grand Mesa’s pipeline
system. NGL is holding the current open season to contract
available capacity on the Grand Mesa pipeline at a discounted rate.
The total capacity being offered in this open season is 40,000
barrels per day for delivery into the Cushing hub.
Potential shippers will have access to the open season documents
upon execution of a confidentiality agreement with Grand Mesa. The
Confidentiality Agreement, and open season documents, can be
obtained by contacting one of the contacts listed below.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a
diversified midstream energy company that transports, stores,
markets and provides other logistics services for crude oil,
natural gas liquids and other products and transports, treats and
disposes of produced water generated as part of the oil and natural
gas production process. For further information, visit the
Partnership’s website at www.nglenergypartners.com.
Forward Looking Statements
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 such forward-looking statements
are reasonable, NGL cannot assure they 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231205485362/en/
Contacts For Open Season NGL Energy Partners LP Derek Graham VP
Business Development – Crude Assets 713-496-3904
derek.graham@nglep.com or Carl Peterson VP Business Development
713-496-3955 carl.peterson@nglep.com
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