New venture will transport crude oil from the Powder River, DJ, Williston, Western Canada to Cushing
System to take 800,000 barrels per day (bpd) of light crude oil and 150,000 bpd of heavy crude to Cushing, provide near term relief for Canadian shippers
Tallgrass Energy, LP (stock ticker: TGE) and Kinder Morgan, Inc. (stock ticker: KMI) have an agreement in place to jointly develop a solution to increase existing crude oil takeaway capacity in the Powder River and DJ basins and to add capacity to the Williston Basin and portions of Western Canada.

The proposed venture would include both existing and newly constructed assets, the companies said.

TGE would contribute its Pony Express Pipeline System, and KMI would contribute portions of it...

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