TULSA, Okla., Nov. 13, 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), announces plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub (the "Expansion Project").
The Expansion Project will increase the pipeline's capacity by boosting horsepower, modifying pumps and adding stations. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150,000 barrels per day to a maximum of approximately 215,000 barrels per day.
"Production out of the DJ is growing and continues to have one of the highest rates of return in the country. We do not see companies slowing down, or spending less," said Carlin Conner, chief executive officer of Rose Rock Midstream's general partner. "This expansion will help White Cliffs continue to meet the growing demand for midstream services out of the DJ by offering long-haul transportation to all active producers in this booming basin."
The Expansion Project is expected to be complete by the end of third quarter 2015. Following completion, 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. Headquartered in Tulsa, OK, Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services.
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 3.9 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."
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, 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 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