DALLAS—Holly Energy Partners LP Oct. 1 announced its wholly-owned subsidiary, Frontier Aspen LLC, is conducting a binding open season to assess shipper interest in committed crude oil interstate transportation service of expansion capacity that carrier is considering developing on its existing pipeline, from origin points in and around Casper, Wyo., to destination points in and around Frontier Station, Utah. Carrier expects to commence service on the expansion capacity in third-quarter 2021.
This open season will provide an opportunity for shippers to support the Expansion by making volume commitments, thereby becoming “committed shippers” for the term of their transportation service agreements (TSAs). Subject to the terms of their TSAs, committed shippers will be entitled to “committed service” that will not be subject to prorationing in the ordinary course for a quantity up to the committed shipper’s volume commitment.
The binding open season will commence on Oct. 1 and will end at 5 p.m. CDT on Oct. 22.
About the Pipeline
The Frontier Aspen Pipeline is a 289-mile interstate crude oil pipeline that spans from Casper to Frontier Station, which connects to Holly Energy Partners’ SLC Pipeline that ultimately delivers crude oil to refineries in the Salt Lake City area.
Open Season Process
Bona fide potential shippers that desire to receive copies of the open season documents are required to execute a non-disclosure agreement that may be obtained by contacting the representative provided below.
To execute the NDA, a potential shipper must:
(A) |
Insert its name, jurisdiction of incorporation or formation, email address, and contact information. |
|
|
(B) |
Submit two executed copies to: |
|
Steven Ratliff |
|
Business Development Specialist |
|
(214) 871-3547 |
NDAs that have been altered or amended in any way by a potential shipper, other than by the insertion of the shipper’s name, jurisdiction of incorporation or formation, email address and contact information, may not be accepted by carrier, in which case the open season documents will not be provided to that shipper.
Recommended Reading
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Baytex Prices Upsized Private Placement of Senior Notes
2024-03-15 - Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.