Tallgrass Energy Partners LP (NYSE: TEP) said on Dec. 28 that Continental Resources Inc. (NYSE: CLR) exercised its contractual right to extend its Throughput and Deficiency Agreements (TDAs) to ship crude oil with Belle Fourche Pipeline Co. (BFPL) and with TEP’s subsidiary, Tallgrass Pony Express Pipeline LLC (Pony Express), through October 31, 2024.
Starting January 1, 2018, new uncommitted rates on the joint tariff of BFPL, Tallgrass and Bridger Pipeline LLC will be established, resulting in certain committed rates on the joint tariff being adjusted on the same date. These joint tariff committed rates will initially be $3.75 per barrel (bbl) for Williston Basin origin points and $2.86/bbl for Guernsey, Wyoming origin points on Pony Express pipeline.
The TDAs were previously scheduled to expire on October 31, 2019.
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