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Tallgrass Development, LP

Company Summary

Description

Tallgrass Development, LP provides natural gas transportation and storage services. The company operates transmission lines in Colorado, Kansas, Nebraska, Missouri, and Wyoming; and a natural gas storage facility in Cheyenne County, Nebraska. It also operates natural gas processing plants in Wyoming; and a carbon dioxide and sulfur treating facility in West Frenchie Draw, Wyoming. The company was incorporated in 2012 and is based in Leawood, Kansas.

Website

http://www.bloomberg.com/research/stocks/private/s...

Operational Regions

  • United States

Related Entities

Recent news

  • 2/8/2018 - Tallgrass Energy... (subscriber access)
  • 2/8/2018 - Tallgrass Development,... (subscriber access)
  • 4/3/2017 - Tallgrass Energy... (subscriber access)
  • 1/3/2017 - Tallgrass Energy... (subscriber access)

Company Transactions

Date: 2/8/2018
Type: Merger

BUYERS:
  • Tallgrass Equity, LLC
    • SELLERS:
  • Tallgrass Development, LP
    • DETAILS:
    NOTES:
    Tallgrass Development has reportedly been merged into a subsidiary of Tallgrass Equity. Through this deal, Tallgrass Equity acquired a 25.01% stake in Rockies Express Pipeline and 5.6 million Tallgrass Energy Partners common units. In consideration, Tallgrass Energy GP and Tallgrass Equity issued 27.5 million unregistered GP Class B shares and Tall grass equity units value. The REX sake is valued at $400 million and the TEP shares are valued at $256.2 million.

    Date: 2/8/2018
    Type: Acquisition

    BUYERS:
  • Tallgrass Energy Partners, LP
    • SELLERS:
  • Tallgrass Development, LP
    • ASSETS:
  • Tallgrass Pony Express Pipeline, LLC
    • DETAILS:

    COST: 60 $MM

    NOTES:
    Tallgrass Energy Partners reported that it has purchased a 2% membership interest in Pony Express and information technology assets from Tallgrass Development