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Tallgrass Picks Up 33.3% Interest in Pony Express Pipeline

Tallgrass Energy, LP Not Disclosed
AnnouncedJul 21, 2014
TypeAsset
LocationPowder River Basin
Announced Date
July 21,2014
Close Date
September 08,2014
Transaction Type
Asset




Snapshot
Location
Country
United States

State
Wyoming

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Closing Announcement - September 8, 2014

Tallgrass Energy Partners, LP has closed on the acquisition of a 33.3% interest in Tallgrass Pony Express Pipeline, LLC from a wholly-owned subsidiary of Tallgrass Development, LP, for total consideration valued at $600 million.

Tallgrass President and CEO, David G. Dehaemers, Jr. commented: "We are pleased to announce the completion of our second dropdown transaction at TEP. This acquisition further diversifies the operations and footprint of TEP and continues to demonstrate the execution of our growth strategy. We expect this acquisition to be…



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