TULSA, Okla., July 14, 2014 (GLOBE NEWSWIRE) -- White Cliffs Pipeline, L.L.C. ("WCPL"), owned by subsidiaries of Rose Rock Midstream, L.P. (NYSE:RRMS), Plains All American Pipeline, L.P. (NYSE:PAA), Western Gas Partners, LP (NYSE:WES) and Noble Energy, Inc. (NYSE:NBL), plans to begin the commissioning of the expansion of the White Cliffs Pipeline (the "Expansion Project") in July 2014. WCPL expects the Expansion Project, a looping of the existing crude oil pipeline from Platteville, Colorado, to Cushing, Oklahoma, to be fully operational in August 2014.
The Expansion Project allows WCPL to help meet the growing demand for midstream services by offering long-haul transportation from the Denver Julesburg Basin. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 76,000 barrels per day to approximately 150,000 barrels per day. Following completion of the Expansion Project, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.
For additional information regarding White Cliffs Pipeline, please refer to our webpage at rrmidstream.com.
About White Cliffs Pipeline
White Cliffs Pipeline®, L.L.C. is a partially owned subsidiary of Rose Rock Midstream, L.P. and is operated by Rose Rock Midstream, L.P. White Cliffs Pipeline originates in Platteville, CO, northeast of Denver, and terminates at Rose Rock Midstream's storage facility in Cushing, OK. White Cliffs Pipeline runs 527 miles and consists of two 12-inch common carrier, crude oil pipelines and is the only pipeline system that directly moves crude oil out of the DJ Basin to the Cushing market and ultimately to refiners in the Mid-Continent area.
About Rose Rock Midstream
Rose Rock Midstream, L.P. (NYSE:RRMS) is a growth-oriented Delaware master limited partnership formed by SemGroup® Corporation to own, operate, develop and acquire a diversified portfolio of midstream energy assets. Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services. Headquartered in Tulsa, OK, Rose Rock Midstream has operations in six different states with the majority of its assets strategically located in or connected to the Cushing, Oklahoma crude oil marketing hub.
About Plains All American Pipeline (NYSE:PAA)
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 3.5 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
About Western Gas Partners, LP (NYSE:WES)
Western Gas Partners, LP ("WES") is a growth-oriented Delaware master limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. With midstream assets in the Rocky Mountains, the Mid-Continent, north-central Pennsylvania and Texas, WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko and other producers and customers.
About Noble Energy, Inc. (NYSE:NBL)
Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Further information is available at www.nobleenergyinc.com.
Certain matters contained in this Press Release include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included in this Press Release including the timing and capacity of the Expansion Project, management's plans and objectives for the Expansion Project, business prospects, outcome of regulatory proceedings, market conditions and other matters, may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, regulatory approvals; environmental risks; changes in demand for crude oil; loss of market share and industry competition; potential delays and cost overruns; the risk of finalizing the T&D Agreements; the ability to access sufficient capital from internal and external sources; as well as other risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
Source:Rose Rock Midstream