Rimrock Midstream LLC and NGL Energy Partners LP (NYSE:NGL) have begun a binding open season starting Sept. 15 for their joint venture Grand Mesa Pipeline LLC crude oil pipeline. The open season will close on Oct. 3.
The Grand Mesa pipeline, originating in Weld County, Colorado, and extending 550 miles southeast to NGL’s crude oil storage terminal at the Cushing hub in Oklahoma, will provide critical takeaway capacity for crude oil producers in the Denver-Julesburg Basin.
As proposed, the pipeline will be capable of receiving and transporting in excess of 130,000 barrels per day for delivery into the Cushing hub, which affords shippers access to the US Midcontinent markets and 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 utilization of rail and truck transportation.