Share “Oklahoma business briefs, Aug. 16”

Oklahoma business briefs, Aug. 16

Oklahoma business briefs, Aug. 16
Oklahoman Published: August 15, 2014
Advertisement

Oklahoma briefs

NGL discontinues bid for TLP

— Tulsa’s NGL Energy Partners LP and Denver-based TransMontaigne Partners LP, the general partner of TLP, have dropped discussions to acquire all the outstanding units of TLP, the companies said Friday. The parties were not able to reach an agreement on the price to be offered to TLP unitholders. NGL currently owns TransMontaigne GP LLC. and about 19.7 percent of the outstanding common units of TLP.

New pipeline project considered

White Cliffs Pipeline LLC, which is partially owned by Rose Rock Midstream, is considering a new pipeline from Eastern Colorado’s Denver-Julesburg Basin to Cushing. The pipeline could potentially have several origin points in the DJ Basin and handle multiple grades of crude oil. White Cliffs announced an open season Friday for shippers to express interest in the project. The open season will close Sept. 5. White Cliffs already operates two 12-inch pipelines that carry crude oil 526 miles from Platteville, Colo., to Rose Rock Midstream’s storage facility in Cushing

Continue reading this story on the...