Paradigm Announces Binding Open Season for the Sacagawea Pipeline

DALLAS, Oct. 13, 2014 /PRNewswire/ -- Sacagawea Pipeline Company, LLC ("SPC"), an affiliate of Paradigm Energy Partners, LLC ("Paradigm")  today announced the launch of a Binding Open Season to assess interest in transportation service on the proposed Sacagawea Pipeline. The Sacagawea Pipeline project is being developed to deliver crude oil from various points south of Lake Sacagawea in and around Johnson's Corner and Keene, in McKenzie County, North Dakota, to destinations with takeaway options for both rail and pipe in Palermo and Stanley, N.D. SPC has received significant shipper interest in committing to the project, and based on such, anticipates receiving sufficient shipper commitments to proceed with the project.  All potential customers will have an equal opportunity to obtain capacity in the project and must submit binding commitments prior to the conclusion of the open season process.

The Open Season will commence as of 8:00 a.m. Central Time on Tuesday, October 14th, 2014 and will end at 5:00 p.m. Central Time on Friday November 14th, 2014.  Shippers that have an interest in participating in the Sacagawea Pipeline Open Season are invited to sign the Confidentiality Agreement, which is posted on the Paradigm website at http://www.paradigmmidstream.com/openseason  or available via the contacts below. Please return executed confidentiality agreements to the contacts listed below. Electronic copies of the confidentiality agreement are acceptable.

Potential shippers that wish to become Committed Shippers must complete, execute and submit two copies of a TSA no later than 5:00 p.m. Central Time on November 14^th, 2014, via hand delivery, courier, fax, or e-mail to the contact listed in this section below.  SPC reserves the right, within its sole discretion, to choose not to execute any TSAs and to not pursue the project, and the submission of an executed TSA by a potential shipper does not obligate SPC to execute such TSA.

About Sacagawea Pipeline Company, LLC

Sacagawea Pipeline Company, LLC ("SPC") is an affiliate of Paradigm Energy Partners, LLC. SPC is a joint venture between Paradigm and Grey Wolf Midstream LLC, an affiliate of Missouri River Resources.  Paradigm and Grey Wolf entered into a partnership to pursue the development, construction and ownership of the Sacagawea Pipeline Company, LLC and related facilities to transport crude oil and natural gas from the area in and around Johnson's Corner and Keene, N.D., to Palermo and Stanley.

About Paradigm Energy Partners, LLC

Dallas-based Paradigm Energy Partners, LLC ("Paradigm") is a midstream services company formed to develop and operate oil and gas infrastructure and related facilities. Paradigm is focused on the development of midstream assets in the Bakken Shale in North Dakota and Eagle Ford Shale in South Texas. Paradigm's business philosophy is focused on finding creative solutions for its customers and excellence in project execution. Visit www.paradigmmidstream.com for more information.

SOURCE Paradigm Energy Partners, LLC