Tallgrass Energy Partners

But that's not what happened.

So in April of 2024, Tallgrass Energy, who owns both of those pipelines now, ended up constructing a natural gas compressor station 951 feet from our front door.

And there was a little nondescript kind of she shed sized compressor that hadn't operated for many years before that.

And they were just, according to what they told the county, they were expanding it.

Published by Lisa Scheidler.

Enbridge is buying Tallgrass Energy's crude oil transportation, gathering and storage business for $2.55 billion in cash.

The deal includes a 75% interest in the 1,050-mile Pony Express pipeline.

a roughly 460,000 barrels per day crude oil system linking Rocky's production with the Cushing, Oklahoma, storage hub, and providing direct access to about 500,000 barrels per day of refining capacity.

Enbridge also gets a 51% interest in the Powder River Gateway system, about 8.4 million barrels of storage capacity across nine crude terminals, and Stanchion Energy, a crude marketing business.

In today's RBN blog, we discuss what the acquisition means for Enbridge.

First, some background on Tallgrass Energy, a midstream company formed in 2012 and based in Leawood, Kansas, initially focused on natural gas transportation.

It entered the crude business following its August 2012 purchase of about 432 miles of the existing Pony Express pipeline from Kinder Morgan Interstate Gas Transmission.

Go back to Enbridge.

Enbridge agrees to acquire Tallgrass' Pony Express and Powder River Gateway assets for about $2.55 billion.

Summit Midstream reaches a FID of double E compression expansion, adding 900 million cubic feet per day towards Waha.

Crossover into, uh, downstream, Citco advances a 310, $310 million Lake Charles refinery depentinizer project and targets a 2029 operations.

Enbridge is making a massive power move.

They just finalized a deal to buy Tallgrass Energy's crude business for about $2.6 billion.

Now we're talking.

Real assets.

As we head to break, news out of the energy sector.

Enbridge striking a deal to buy Tallgrass Energy's crude oil business for about $2.5 billion.

That includes a majority stake in a pipeline connecting the Rockies to Cushing, Oklahoma.

Tallgrass is owned by Blackstone.

WTI is at $96 a barrel.

Enbridge is in advanced talks to buy the Pony Express pipeline from Blackstone's Tallgrass Energy for about $2 billion.

A deal for the pipeline could be announced in the coming days.

The potential deal is a test of whether the tariff war between the US and Canada will affect the energy pipeline's M&A market.

What Mancos producers need, they say, is better access to premium markets like Arizona, now in the midst of a data center and gas-fired power boom, and northwestern Mexico, where new LNG export capacity is coming online.

To help make that possible, Tallgrass Energy has been pursuing the development of a large-diameter, Arizona-bound pipeline out of the San Juan.

In today's RBN blog, we continue our look at the Mancos shale, its potential growth, and Tallgrass's plan.

As we said in Part 1, gas production in the San Juan Basin in northwestern New Mexico and southwestern Colorado has experienced a lot of ups and downs over the past 100-plus years.

Gas produced in the San Juan Basin typically sells at a significant discount to Henry Hub, generally between $0.40 and $1.10 per million BTU in recent months, with an expanded basis during the shoulder months when demand from the power sector is lower.

E&Ps say they need more direct access to premium gas markets like Phoenix, Tucson and LNG terminals in northwestern Mexico.

Before we discuss Tallgrass Energy's Greenview Pipeline proposal in detail, let's look at the existing gas transmission infrastructure in the area.

You might want to take a look at Figure 2, which shows the major pipelines there, as well as the three pricing hubs most relevant to San Juan gas producers, Oaxaca, San Juan and SoCal border.

Still to be determined, however, is whether the moonscape-like region along the New Mexico-Colorado border emerges as a mini-Hainesville, or the optimism withers and dies under the hot desert sun.

In today's RBN blog, we discuss what producers have been saying about their results in, and hopes for, the Mancos and the plan by Tallgrass Energy to build a new, large-diameter pipeline out of the play.

In our 2026 prognostications blog back in January, we said, there's been a lot of market buzz around a handful of niche gas plays that share a common profile.

The gas is dry, wells are deeper than legacy development in the area, reservoirs are often overpressured, initial production, or IP, rates are high, and economics look compelling.