Banner Transportation Company Announces Open Season To Move Crude To Oklahoma

ENID, Okla., May 29, 2012 /PRNewswire/ -- Banner Transportation Company LLC (Banner), and Kinder Morgan Pony Express Pipeline LLC (Pony Express), a subsidiary of Kinder Morgan Interstate Gas Transmission LLC (KMIGT), today announced the launch of a joint open season to solicit shipper interest for crude oil transportation service on their combined facilities. Those facilities will include a new 330-mile Banner pipeline originating in the Bakken oil production area near Baker, Mont., and terminating near Guernsey, WY.  Under the joint service, Banner will deliver oil into the Pony Express pipeline near Guernsey for final delivery to the Phillips 66 Ponca City refinery at Ponca City, OK and various points in Cushing, OK. The companies expect to transport up to 100,000 barrels per day of crude oil under a joint tariff beginning in the fourth quarter of 2014. 

In the joint open season with Banner, Banner and Pony Express are soliciting shipper interest sufficient to support expansion and construction of the Banner system, conversion of a portion of the Pony Express pipeline from natural gas to crude oil service and construction of a 260-mile Pony Express extension to Cushing.

Parties interested in reviewing the details of the proposed Banner-Pony Express service may contact John Eagleton at Kinder Morgan Pony Express at (303) 914-4702, Mike Smith at Kinder Morgan Pony Express at (303) 763-3484, Bob Mishler at Kinder Morgan Pony Express at (303) 914-7762, Jim Suttle at Banner at (580) 616-2050 or Kent Evatt at Banner at (580) 616-2052.

This news release includes forward-looking statements. 

SOURCE Banner Transportation Company LLC