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NGL Energy Partners Sets Open Season for Grand Mesa Pipeline, LLC
07/28/2021
The official open season for NGL Energy Partners LP's fully-owned affiliate Grand Mesa Pipeline, LLC crude oil pipeline will commence on July 9, 2021 (8:00 a.m.) CDT. On August 9, 2021, at 5:00 p.m. CDT, the first season will end.
Grand Mesa Pipeline, LLC is a crude oil provider that serves the Denver-Julesburg Basin by providing takeaway capacity.
The pipeline can receive and batch transport up to 150,000 gallons per day for delivery into the Cushing hub, which allows its carriers access to both United States and exchange trades—purifying and exchanging markets in the Midwest and a refinery on the Texas Gulf Coast.
The pipeline promotes the region's continuous expansion and creation by lowering the present use of rail and wagon transit in a cost-effective and environmentally responsible manner.
Moreover, NGL Energy Partners LP launched an open season in 2016 to obtain guarantees from transporters participating in Grand Mesa's pipeline system delivery. Furthermore, Grand Mesa Pipeline, LLC entered into conveyance service agreements with multiple transporters in preparation for the 2016 open season.
Grand Mesa's scheme’s dedicated bandwidth has already become available again due to additional transporter insolvencies and related agreement terminations. As a result, NGL Energy Partners LP is conducting an open season right now to re-contract available capacity on the Grand Mesa Pipeline, LLC.
The conveyance resources are being provided in this open season procedure under contract terms and conditions that are regarded equivalent to those applicable to dedicated carriers who contracted conveyance service agreements in the 2016 open season, as indicated in the open season documents.
NGL Energy Partners LP Releases A Statement
NGL Energy Partners LP has still remarkably announced the current open season for the Grand Mesa Pipeline, LLC.
With the announced event, NGL Energy Partners LP and the Grand Mesa Pipeline, LLC have gathered clients and investors worldwide, resulting in the growth of both companies. On the other hand, potential customers are given terms and conditions quite comparable to their agreements from 2016.
The transportation services provided via this open season procedure are subject to terms and restrictions that are very similar to those that applied to committed shippers who signed transportation service agreements during the 2016 open season, as detailed in the open season agreements.
NGL Energy Partners: Things Seem to Be Working Out Well
NGL Energy Partners LP transports, markets, stores, and offers other logistic services for a crude oil pipeline, natural gas liquids, and some other products. Moreover, NGL Energy Partners LP is one company that investors may be interested in right now. This is due to the fact that this stock in the oil, gas, refining and marketing sector is experiencing a lot, and it's in excellent hands.
In the meantime, NGL Energy Partners LP seems to be doing very well on its own. Over the last month, experts have been revising their earnings estimates upwards, indicating that they are growing more optimistic about the company's prospects in the medium and long term.
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