AP NEWS

Wolf Midstream Launches Binding Open Season for Gray Wolf Crude Connector from Big Spring to Midland

December 20, 2018

DALLAS--(BUSINESS WIRE)--Dec 20, 2018--Wolf Midstream Partners, LLC (Wolf) today announced the launch of a binding open season to solicit long-term, firm shipper commitments for the proposed Gray Wolf Crude Connector, a new crude oil pipeline to serve the Midland Basin. Through the open season, Wolf plans to construct the approximately 55-mile Gray Wolf Crude Connector, with an initial capacity of 120,000 barrels per day, originating near Big Spring, Texas and connecting to Midland, Texas, with multiple joint tariff options to access the Corpus Christi/Ingleside export market. The open season begins today, December 20, 2018 and ends Monday, January 21, 2019 at 4:00 p.m. CST.

As part of a broader strategy to better serve Midland Basin producers, the Gray Wolf Crude Connector will connect to Wolf’s previously-announced Red Wolf Crude Connector near Big Spring, Texas. The Red Wolf Crude Connector connects to Wolf’s existing crude oil terminal near Colorado City, Texas, providing access to multiple long-haul, large-volume pipelines for access to nearly all major downstream markets.

“We are excited about this project and what it means for our customers on the eastern shelf of the Permian,” said Curtis Ewers, Wolf Chief Executive Officer. “Along with providing much-needed transportation capacity and export market options, the Gray Wolf Crude Connector complements the existing Red Wolf Crude Connector route that extends back to Colorado City and at highly attractive rates, to achieve total market and refining access out of the Big Spring area and Permian Easter Shelf at large.”

Construction activities have begun and pending the results of the open season, Wolf expects the Gray Wolf Crude Connector to commence commercial operations in the fourth quarter of 2019.

RED WOLF CRUDE CONNECTOR OPEN SEASON EXTENSION

In addition to launching a binding open season for the Gray Wolf Crude Connector, Wolf is extending the binding open season for the Red Wolf Crude Connector. Due to ongoing customer negotiations and a high demand for combined Midland connectivity, Wolf has extended the binding open season to solicit long-term, firm shipper commitments for the Red Wolf Crude Connector to Monday, January 21, 2019 at 4:00 p.m. CST.

OPEN SEASON PROCESS

The open season for the Gray Wolf Crude Connector begins today, December 20, 2018 and will conclude at 4:00 p.m. CST Monday, January 21, 2019.

The extended open season for the Red Wolf Crude Connector will also conclude at 4:00 p.m. CST Monday, January 21, 2019. Information on the initial open season for the Red Wolf Crude Connector can be found here.

All bids and inquiries regarding the relinquishment of capacity must be submitted during the open seasons, except as provided in the open season notice. Bona fide prospective shippers may obtain copies of the Transportation Services Agreements, as well as the proposed Federal Energy Regulatory Commission and Texas Railroad Commission tariffs by contacting the representative listed below. Prospective shippers must execute a confidentiality agreement prior to delivery of these documents. More information concerning the open seasons can be found at http://www.wolfmid.com/about-us/customer-center or by contacting the Wolf representative listed below.

About Wolf Midstream Partners

Dallas-based Wolf Midstream Partners is a full-service midstream provider specializing in the gathering, treating, processing, compression and transportation of oil and natural gas. The company is currently focused in the Permian Basin region of West Texas. Wolf is financially partnered with Sinclair Oil. For more information visit www.wolfmid.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005595/en/

CONTACT: Open Season Inquiries

Chris Valenti

Wolf Midstream Partners, LLC

Phone: (508) 591-3292

Email:cvalenti@Wolfmid.comMedia Inquiries

Meredith Howard

M2H Communications

Phone: (210) 737-4478

Email:meredith@m2hpr.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Wolf Midstream Partners

Copyright Business Wire 2018.

PUB: 12/20/2018 12:00 PM/DISC: 12/20/2018 12:00 PM

http://www.businesswire.com/news/home/20181220005595/en

AP RADIO
Update hourly