Articles from Tallgrass

Today, Tallgrass announced the execution of anchor shipper precedent agreements for a new pipeline that will transport natural gas from multiple points of receipt in the Permian Basin to the Rockies Express Pipeline and other points of delivery. The firm transportation commitments under the already executed precedent agreements are sufficient to financially justify construction of the pipeline project, subject to customary regulatory and corporate conditions and approvals, with a target in-service date in late 2028.

Tallgrass Pony Express Pipeline, LLC ("Pony Express"), operated by Tallgrass, together with Bridger Pipeline, LLC ("Bridger"), announce a new binding joint tariff open season for incentive tariff rates for shipper commitments for crude oil transportation from Bridger's Guernsey Hub with the potential to expand Pony Express by approximately 22,000 barrel per day, based on shipper interest. This open season will run for 30 days, commencing May 9, 2025.

Tallgrass Pony Express Pipeline, LLC (Pony Express), operated by Tallgrass, announced a new binding open season for incentive tariff rates, utilizing existing Pony Express capacity for shipper commitments for crude oil transportation from Pony Express’ Colorado origins. This open season will run for 30 days, commencing March 7, 2025.

Today, Tallgrass Pony Express Pipeline, LLC ("Pony Express"), operated by Tallgrass, together with Bridger Pipeline, LLC ("Bridger"), announced a new binding joint tariff open season for incentive tariff rates, utilizing existing Pony Express capacity, for shipper commitments for crude oil transportation from Bridger's Guernsey Hub. This open season will run for 30 days, commencing February 14, 2025.

Tallgrass Pony Express Pipeline, LLC ("Pony Express"), operated by Tallgrass, announced a new binding open season for shipper acreage dedications for crude oil transportation from Pony Express' Carpenter origin in exchange for incentive tariff rates. This open season will run for 30 days, commencing on Sep. 20, 2024.

Tallgrass is partnering with Southeast Community College (SCC) to enhance the college’s control room simulator lab and establish a multi-year scholarship program tied to the Energy Generations Operations Program in Milford, Nebraska.

Avium, an alkaline electrolysis company supported by Tallgrass, receives a three-year, $5 million award from the Department of Energy (DOE).

Trailblazer CO2 Pipeline, LLC ("Trailblazer"), operated by Tallgrass, announced a binding open season for commitments for transportation of customers’ carbon dioxide gas captured at origins in Nebraska in exchange for incentive tariff rates. This open season will run for 21 days, commencing May 3, 2024.

Tallgrass, the University of Dayton, and AES Ohio entered into an innovative long-term agreement that fosters the University of Dayton’s efforts to achieve their renewable energy goals. The new waste heat to power facility will capture the heat produced by an existing process and generate decarbonized power, which will be sold to AES Ohio for the benefit of the University of Dayton.

Tallgrass Pony Express Pipeline, LLC ("Pony Express"), operated by Tallgrass, together with Bridger Pipeline, LLC ("Bridger"), announced a new binding joint tariff open season for shipper commitments and production dedication for crude oil transportation from the Williston Basin, in exchange for incentive tariff rates. This open season will run for 30 days, commencing on March 11, 2024.

Prairie Acquiror LP (“Prairie Acquiror”), which owns, directly or indirectly, 100% of the ownership interests in Tallgrass Energy Partners, LP (“TEP”), announced today that it priced an offering of $400 million in aggregate principal amount of 9.00% senior secured notes due 2029 at an offering price equal to 100% of par (the “Notes Offering”).

Prairie Acquiror LP (“Prairie Acquiror”), which owns, directly or indirectly, 100% of the ownership interests in Tallgrass Energy Partners, LP (“TEP”), announced today that, subject to market conditions, it intends to offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement to eligible purchasers (the “Notes Offering”).

Tallgrass Pony Express Pipeline, LLC ("Pony Express"), operated by Tallgrass, together with Bridger Pipeline, LLC ("Bridger"), announced a new binding joint tariff open season for shipper commitments for crude oil transportation from Bridger's Guernsey Hub and Pony Express' Guernsey and Sterling origins in exchange for incentive tariff rates. This open season will run for 30 days, commencing on Jan. 24, 2024.

Tallgrass Energy Partners, LP (“TEP”) announced today that the tender offer (the “Tender Offer”) commenced on January 16, 2024 to purchase any and all of the outstanding 7.50% Senior Notes due 2025 (the “Notes”), co-issued by TEP and Tallgrass Energy Finance Corp., a wholly owned subsidiary of TEP (together with TEP, the “Issuers”), expired at 5:00 p.m. New York City Time on January 22, 2024 (the “Expiration Time”).

Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an offering of $800 million in aggregate principal amount of 7.375% senior unsecured notes due 2029 at an offering price equal to 100% of par (the “Notes Offering”). The size of the offering was increased from the previously announced $700 million to $800 million.

Tallgrass Energy Partners, LP (“TEP”) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $700 million aggregate principal amount of senior unsecured notes due 2029 in a private placement to eligible purchasers (the “Notes Offering”).

Today, Tallgrass and Korea Western Power (“KOWEPO”) announced a cooperation agreement for development of gigawatt scale green hydrogen and ammonia production.

Tallgrass Pony Express Pipeline, LLC (“Pony Express”), operated by Tallgrass, announced two binding open seasons. Tallgrass is soliciting both shipper commitments and acreage dedications for crude oil transportation from Pony Express’ Platteville, Buckingham, and Pawnee origins, in exchange for incentive tariff rates. These open seasons will run for 30 days, commencing on May 1, 2023.

Today, Tallgrass announced the successful completion of its acquisition of the Ruby Pipeline. The acquisition, which was previously announced in December, extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42” pipeline infrastructure capable of moving 1.5 bcf/d to the company’s extensive asset base.

Today, Tallgrass has announced an agreement with the Louisiana Coastal Protection and Restoration Authority (CPRA) for the sale of over 500 acres of property in Plaquemines Parish, Louisiana, to advance Governor John Bel Edwards’s efforts to restore the state’s eroding coastlines and better protect communities against hurricane damage by creating more wetlands to serve as a natural storm barrier.

Today, Tallgrass has announced an agreement to purchase the Ruby Pipeline. The acquisition of this asset provides access to established markets, an additional ~1.5 bcf/d of natural gas capacity to the company’s portfolio and immediate and strong cash flow to the company.

Tallgrass and Equinor have announced a collaborative effort to pursue opportunities for development of large-scale, low-carbon hydrogen and ammonia projects in North America. The partners will assess the production and market potential for hydrogen and ammonia, and associated distribution infrastructure to help facilitate broad decarbonization.

KOWEPO, Tallgrass, and Power Systems Mfg, LLC (PSM) today announced their agreement to collaborate on key infrastructure investments for the conversion of natural gas-fired power generation to clean hydrogen fuel use in the United States. Focused on investment in utility-scale hydrogen-to-power projects in the United States, the parties will leverage KOWEPO’s global experience in power generation and asset management, Tallgrass’ experience throughout the U.S. in traditional and decarbonized energy infrastructure, supply and logistics, and PSM’s innovative, fuel-flexible FlameSheet™ gas turbine combustion system retrofit solution, part of their global multi-OEM aftermarket services portfolio.

Tallgrass announced it has entered into an agreement with ADM that would pave the way for Tallgrass to capture carbon dioxide (CO2) from ADM’s corn-processing complex in Columbus, Neb., and transport it to Tallgrass’ Eastern Wyoming Sequestration Hub for permanent underground storage. By utilizing a converted natural gas pipeline for CO2 transportation, Tallgrass minimizes the need for new pipeline infrastructure while enabling ADM, a global leader in sustainable products, to further decarbonize its global operations and strengthen Nebraska’s agriculture industry.

Tallgrass has entered an agreement with Project Canary to develop a program for the independent monitoring and sequestered carbon volume verification at its Eastern Wyoming Sequestration Hub project, the companies announced today.

Tallgrass Energy, LP today announced that the Board of Directors of the general partner (“the Board”) has appointed William R. (Bill) Moler to Non-Executive Chairman of the Board effective July 1, 2022. At that time, Moler will step down as CEO and Tallgrass President Matthew (Matt) Sheehy will assume the role of President and Chief Executive Officer. Also effective July 1, Moler will become a Senior Advisor for Blackstone Infrastructure Partners.

Tallgrass announced it was awarded a grant from the Wyoming Energy Authority to fund the development of a commercial-scale CO2 sequestration hub in the Denver-Julesburg (DJ) Basin in eastern Wyoming. The grant is in addition to the company’s proposed direct investment in the Eastern Wyoming Sequestration Hub project, which is designed to provide a cost-effective means of capturing, transporting and sequestering CO2 across multiple states.

Tallgrass today announced it has begun a comprehensive reappraisal of plans for commercial development of the proposed Plaquemines Liquids Terminal (PLT), a joint development project with Drexel Hamilton Infrastructure Partners in concert with the Plaquemines Port & Harbor Terminal District (PPHTD) in southeast Louisiana.