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Released November 01, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Tallgrass Energy Partners LP (NYSE:TEP) (Leawood, Kansas) is following positive results for third-quarter 2018 with plans to expand and otherwise develop some of its key assets, including an oil pipeline and export facility along the Gulf Coast, and a major joint venture in Wyoming. Industrial Info is tracking nearly $5 billion in projects involving Tallgrass, more than half of which is attributed to projects in Texas and Louisiana.
Click on the image at right for a graph detailing active Tallgrass projects, by U.S. state.
One of Tallgrass' highest-profile projects is the proposed, estimated $1.5 billion Plaquemines Liquids Terminal in Belle Chasse, Louisiana. Located next to Phillips 66's (NYSE:PSX) (Houston, Texas) existing Alliance Refinery, the terminal would store up to 20 million barrels, and eventually would be capable of loading Very Large Crude Carriers (VLCC). For more information, see Industrial Info's project report.
The project notched up progress earlier this week, when the Plaquemines Parish Council voted to accept a donation of $30.5 million from Tallgrass Energy to purchase 600 acres, known as the RAM Terminal property, on the Mississippi River's west bank, according to The Plaquemines Gazette. The associated contract holds that the Plaquemines Port Harbor & Terminal District will then lease the property to Tallgrass for an oil and gas terminal, according to the newspaper.
Tallgrass' proposed, 700-mile Seahorse Pipeline is another ambitious project that would transport up to 800,000 barrels of per day (BBL/d) of crude oil from the hub in Cushing, Oklahoma, to the Louisiana Gulf Coast, connecting domestic refiners and international markets to five production basins. The company held an open season for prospective customers from August 15 through October 1. The pipeline is split into three segments:
Industrial Info is tracking the $80 million Iron Horse pipeline, which will carry 100,000 barrels per day (BBL/d), and the $50 million Midway Crude Oil Pump Station in Bill, Wyoming, which will support Iron Horse. The system will be expandable to up to 200,000 BBL/d and is expected to be in service in first-quarter 2019. For more information, see Industrial Info's reports on the pipeline and pump station.
In a research note on October 16, analysts with Capital One (NYSE:COF) (McLean, Virginia) said the new joint venture also would bolster throughput volumes on the Seahorse pipeline and at the Plaquemines Liquids Terminal.
"We remain focused on improving our cost of capital and delivering projects that serve our customers and grow our business," said David Dehaemers Jr., the chief executive officer of Tallgrass, in a quarterly press release. "Our recent announcements on the Powder River Gateway, the Seahorse Pipeline and the Plaquemines Liquids Terminal are examples of projects that will continue to develop the country's midstream infrastructure, and from which our customers and shareholders will benefit."
About 50 miles northwest of Guernsey, Tallgrass is proposing an estimated $80 million third-train addition to a natural gas-processing plant in Douglas, Wyoming. The 120 million-standard-cubic-foot-per-day unit is expected to bring the plant's capacity to 290 million standard cubic feet per day. For more information, see Industrial Info's project report.
Tallgrass reported net income of $118.7 million for third-quarter 2018.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Tallgrass projects, by U.S. state.One of Tallgrass' highest-profile projects is the proposed, estimated $1.5 billion Plaquemines Liquids Terminal in Belle Chasse, Louisiana. Located next to Phillips 66's (NYSE:PSX) (Houston, Texas) existing Alliance Refinery, the terminal would store up to 20 million barrels, and eventually would be capable of loading Very Large Crude Carriers (VLCC). For more information, see Industrial Info's project report.
The project notched up progress earlier this week, when the Plaquemines Parish Council voted to accept a donation of $30.5 million from Tallgrass Energy to purchase 600 acres, known as the RAM Terminal property, on the Mississippi River's west bank, according to The Plaquemines Gazette. The associated contract holds that the Plaquemines Port Harbor & Terminal District will then lease the property to Tallgrass for an oil and gas terminal, according to the newspaper.
Tallgrass' proposed, 700-mile Seahorse Pipeline is another ambitious project that would transport up to 800,000 barrels of per day (BBL/d) of crude oil from the hub in Cushing, Oklahoma, to the Louisiana Gulf Coast, connecting domestic refiners and international markets to five production basins. The company held an open season for prospective customers from August 15 through October 1. The pipeline is split into three segments:
- the estimated $700 million Oklahoma portion, which runs 275 miles; see project report
- the estimated $600 million Texas portion, which runs 350 miles; see project report
- the estimated $200 million Louisiana portion, which runs 75 miles; see project report
- south of Cushing, Oklahoma; see project report
- south of Chandler, Oklahoma; see project report
- west of Holdenville, Oklahoma; see project report
- south of Cooper, Texas; see project report
- south of Marshall, Texas; see project report
- south of Gilmer, Texas; see project report
- Convent, Louisiana; see project report
- south of Many, Louisiana; see project report
- south of Plaquemine, Louisiana; see project report
Industrial Info is tracking the $80 million Iron Horse pipeline, which will carry 100,000 barrels per day (BBL/d), and the $50 million Midway Crude Oil Pump Station in Bill, Wyoming, which will support Iron Horse. The system will be expandable to up to 200,000 BBL/d and is expected to be in service in first-quarter 2019. For more information, see Industrial Info's reports on the pipeline and pump station.
In a research note on October 16, analysts with Capital One (NYSE:COF) (McLean, Virginia) said the new joint venture also would bolster throughput volumes on the Seahorse pipeline and at the Plaquemines Liquids Terminal.
"We remain focused on improving our cost of capital and delivering projects that serve our customers and grow our business," said David Dehaemers Jr., the chief executive officer of Tallgrass, in a quarterly press release. "Our recent announcements on the Powder River Gateway, the Seahorse Pipeline and the Plaquemines Liquids Terminal are examples of projects that will continue to develop the country's midstream infrastructure, and from which our customers and shareholders will benefit."
About 50 miles northwest of Guernsey, Tallgrass is proposing an estimated $80 million third-train addition to a natural gas-processing plant in Douglas, Wyoming. The 120 million-standard-cubic-foot-per-day unit is expected to bring the plant's capacity to 290 million standard cubic feet per day. For more information, see Industrial Info's project report.
Tallgrass reported net income of $118.7 million for third-quarter 2018.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
