MPLX LP Announces Binding Open Season For Tesoro High Plains Pipeline Company LLC

Rhea-AI Summary

MPLX announced a binding open season for its subsidiary, Tesoro High Plains Pipeline Company, to gauge shipper interest in expanding the Connolly Gathering System in North Dakota. This expansion aims to provide additional gathering services from new crude oil origin points, estimated to offer between 70,000 and 100,000 barrels per day based on shipper commitments. The open season runs from November 16, 2021, to December 15, 2021, with details available upon signing a Confidentiality Agreement.

Positive

• Opportunity for increased capacity of 70,000 to 100,000 barrels per day from expanded services.
• Engagement with shippers reflects potential for new business growth.

Negative

• None.

FINDLAY, Ohio, Nov. 16, 2021 /PRNewswire/ -- MPLX announced today that its subsidiary, Tesoro High Plains Pipeline Company LLC ("THPP"), has launched a binding open season to assess shipper interest in obtaining firm service on new expansion capacity on the Connolly Gathering System portion of THPP's pipeline system, which is located in Dunn County, North Dakota, primarily southwest of Dunn Center ("Connolly Gathering System"). The Connolly Gathering System currently gathers crude oil from various points for delivery to a central delivery point at THPP's existing Connolly Station. The proposed expansion capacity would provide similar gathering services from additional origin points.  

Interested shippers will also have an opportunity to make commitments during the open season for firm service on a tranche of expansion capacity on the Connolly Gathering System that THPP previously made available for commitment during an open season in 2014. The total proposed capacity that is available for commitment during the open season will depend on shipper commitments but is estimated to be between 70,000 and 100,000 barrels per day; the capacity of individual laterals will depend on shipper interest. 

The binding open season commences today and will end at 5:00 p.m. MST on December 15, 2021.

Open Season Process

Documents and further details related to the binding open season will be made available upon completion of a Confidentiality Agreement, available at: www.MPLX.com

All interested shippers should submit an executed Confidentiality Agreement to:

Tesoro High Plains Pipeline Company LLC
Attn: Katie Ranucci, Counsel
1515 Arapahoe Street
Tower 1, Suite 1600
Denver, CO 80202
(Tel): 303-495-6376
KRanucci@marathonpetroleum.com

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President
Taryn Erie, Manager

Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager

 

View original content:https://www.prnewswire.com/news-releases/mplx-lp-announces-binding-open-season-for-tesoro-high-plains-pipeline-company-llc-301425082.html

SOURCE MPLX LP

FAQ

What is the purpose of MPLX's open season for the Tesoro High Plains Pipeline?

The open season aims to assess shipper interest in obtaining firm service on new expansion capacity on the Connolly Gathering System.

When does MPLX's open season for the Connolly Gathering System end?

The open season ends at 5:00 p.m. MST on December 15, 2021.

What is the estimated capacity for the Connolly Gathering System expansion?

The proposed capacity for the expansion is estimated to be between 70,000 and 100,000 barrels per day.

Where is the Connolly Gathering System located?

The Connolly Gathering System is located primarily in Dunn County, North Dakota.