IRVING, Texas--(JP Energy Development, an affiliate of JP Energy Partners, today announced that it is holding an open season for its previously announced Kansas Express Pipeline.)--
The Kansas Express is a new interstate crude oil pipeline, to be built in phases, which will provide transportation from Coldwater, Kansas to Cushing, Oklahoma. Future phases of the project are expected to extend the pipeline north to Gove County, Kansas and east to Kingman County, Kansas. The Kansas Express is expected to be in service during the fourth quarter of 2013.
The open season process provides potential shippers with the opportunity to make either volume commitments or acreage dedications and execute long-term transportation services agreements with JP Energy in exchange for transportation service at discounted rates on both the initial phase and future phases. The open season will conclude on March 29, 2013.
For information and documents regarding the open season, please contact Scott Smith at (318) 426-6515 or CSSmith@jpenergypartners.com. More information about the open season is available at http://www.jpenergypartners.com/kansas-express.
About JP Energy Development
JP Energy Development is a crude oil midstream company that purchases, gathers, transports, blends, stores and markets crude oil for producers and refiners in the Mid-Continent area, and the company currently moves approximately 40,000 barrels a day of crude oil. JP Energy Development owns 51 crude oil transports, 23 truck injection stations, approximately 70Mbbls of crude oil storage and over 200 miles of crude oil pipelines. JP Energy Development is an affiliate of JP Energy Partners LP. JP Energy Development and JP Energy Partners are supported by equity commitments from ArcLight Capital Partners, LLC (“ArcLight”).
About JP Energy Partners LP
JP Energy Partners was formed in 2010 to focus on developing a platform of assets to provide integrated services to suppliers and consumers of petroleum products. The company's assets include three million barrels of crude oil storage at Cushing, a crude oil transport operation doing business as Falco Energy with operations in the Bakken, the Mid-Continent, the Permian and the Eagle Ford, refined products terminals serving the Dallas and Little Rock markets, one of the largest propane distribution businesses in the U.S. with operations in 44 states, and the third largest propane cylinder exchange business in the U.S. The ownership and management team of JP Energy Partners bring extensive experience and a history of success in the energy business. Additional information about JP Energy Partners can be found at www.jpenergypartners.com.