Company News »

Rimrock & NGL Announce Grand Mesa Pipeline Project

Business Wire
Share on StockTwits
Published on

Rimrock Midstream, LLC and NGL Energy Partners, LP (NYSE:NGL) are pleased to announce a joint venture crude oil pipeline with initial capacity exceeding 130,000 barrels per day originating in Weld County, Colorado and terminating at NGL’s Cushing, Oklahoma terminal. Based on sufficient commitments from shippers, Grand Mesa Pipeline will launch a binding open season to solicit additional long-term volume commitments from customers.

The construction of the Weld County pipeline project will help further develop the crude and condensate rich areas in and around the DJ and Wattenberg fields and provide additional options to transport oil supplies to U.S. markets and refineries in the Midwest, including several interconnected to the NYMEX designated hub of Cushing, Oklahoma. 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 while providing jobs and supporting the local economies.

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 www.rimrockmidstream.com.

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: water solutions, crude oil logistics, 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 www.nglenergypartners.com.

Share on StockTwits