NGL Energy Partners LP (NYSE:NGL) and Rimrock Midstream, LLC are pleased
to announce a binding open season starting next Monday, September 15th
at 8:00 a.m. Central Standard Time for their joint venture Grand Mesa
Pipeline, LLC (“Grand Mesa”) crude oil pipeline. The open season will
close on Friday, October 3rd at 5:00 p.m. Central Standard
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, originating in Weld County, Colorado, and
extending 550 miles southeast to NGL’s crude oil storage terminal at the
Cushing hub in Oklahoma, will provide critical takeaway capacity for
crude oil producers in the Denver-Julesburg Basin. As proposed, the
pipeline will be capable of receiving and transporting in excess of
130,000 barrels per day for delivery into the Cushing hub, which affords
shippers access to the U.S. Midcontinent markets and 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, NGL logistics, refined
products/renewables and retail propane. NGL completed its initial public
offering in May 2011. For further information, visit NGL’s website at http://www.nglenergypartners.com.
About Rimrock Midstream, LLC
Rimrock Midstream, LLC is a strategic, growth-oriented company formed to
acquire, develop and operate a portfolio of midstream energy
infrastructure assets. Rimrock has been engaged in the business of
acquiring, transporting and storing crude oil in Oklahoma, Kansas,
Texas, North Dakota, Wyoming, Colorado, New Mexico and Utah. For more
information, visit http://www.rimrockmidstream.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.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140912005106r1&sid=ntxv4&distro=nx&lang=en)
Copyright Business Wire 2014