NGL Energy Partners LP Announces Grand Mesa Pipeline Upsize

abarrelfullabarrelfull wrote on 23 Feb 2015 12:13
Tags: n-america ngl pipeline usa

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NGL Energy Partners LP (NYSE:NGL) announces its decision to increase the size of its 100% owned Grand Mesa Pipeline to a higher capacity 20 inch design.

The decision to expand was based on initial shipper commitments and additional volumes committed to Rimrock Midstream, LLC’s 150-mile DJ Basin gathering system that is currently under development which will tie into Grand Mesa Pipeline at Lucerne, Colorado. The larger pipeline provides area producers a reliable and cost-effective takeaway option out of the basin capable of transporting over 200,000 barrels per day.

The Grand Mesa Pipeline system will include over 550 miles of new crude oil transportation pipeline, multiple truck injection bays, over one million barrels of operational storage, and at least two origination points located near Lucerne and Kersey (Riverside Station) in Weld County, Colorado. The system is in active development and is scheduled to commence service in Q4 2016. Rimrock will construct and operate the pipeline system.

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