NGL Energy Partners LP (NGL) announced that, due to additional shipper interest, a second binding open season began on Thursday 7 July 2016 at 8:00 am Central Daylight Time for its wholly owned Grand Mesa Pipeline, LLC (Grand Mesa) crude oil pipeline. This open season will close on Thursday 28 July 2016 at 5:00 pm Central Daylight 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.
The Grand Mesa pipeline will provide takeaway capacity for crude oil producers in the Denver-Julesburg Basin. The pipeline is expected to be in operation November 2016. It originates in Weld County, Colorado and extends approximately 550 miles southeast to NGL’s crude oil storage terminal at Cushing, Oklahoma. The pipeline will be capable of receiving and batch transporting 150 000 bpd for delivery into the Cushing hub, which affords its shippers access to both US 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 utilisation of rail and truck transportation.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/08072016/second-open-season-for-grand-mesa-pipeline/