Meritage Midstream Launches Binding Open Season for New Movement on Thunder Creek Natural Gas Liquids Pipeline System

DENVER–(BUSINESS WIRE)–Meritage
Midstream Services II, LLC
(“Meritage”) today announced its
subsidiary, Thunder Creek NGL Pipeline, LLC (“Thunder Creek”) will
launch a binding open season to secure volume dedications to support the
proposed construction and development on its existing natural gas
liquids pipeline to facilitate transportation of natural gas liquids
from two processing plants located in Campbell and Converse counties in
Wyoming to an interconnection point with ONEOK Hydrocarbon, L.P.’s
(“ONEOK”) ONEOK Bakken Pipeline, L.L.C. (“ONEOK Bakken Pipeline”) in
Converse County, Wyoming. The binding open season commenced today, June
10, 2019 at 8:00 a.m. Mountain Time and is scheduled to conclude at 5:00
p.m. Mountain Time on July 10, 2019.

The open season seeks to obtain volume dedications from shippers to the
following proposed new movements:

  1. Originating from Thunder Creek Gas Services, L.L.C.’s (“TCGS”) 50
    Buttes Process Plant in Campbell County, Wyoming (“50 Buttes Plant”)
    with a destination at an interconnection with ONEOK Bakken Pipeline in
    Converse County, Wyoming; and
  2. Originating from TCGS’s Steamboat I Natural Gas Plant (“Steamboat I
    Plant”) located in Converse County, Wyoming with a destination at an
    interconnection with ONEOK Bakken Pipeline in Converse County, Wyoming.

The proposed new origin and destination points will allow potential
shippers to move product from TCGS plants in the Powder River Basin
(“PRB”) to a newly established interconnect with ONEOK Bakken Pipeline,
L.L.C. (“ONEOK”) at Well Draw in Converse County, Wyoming, providing
potential shippers the ability to access ONEOK’s Niobrara Lateral, which
will ultimately access newly created capacity on ONEOK’s Elk Creek
expansion. Subject to shipper demand, required new infrastructure to
enable the proposed new movements is expected to be completed in the
third quarter of 2019.

Open Season Information

The binding open season process provides potential shippers with the
opportunity to obtain firm capacity on the proposed new movements by
making deemed volume commitments to Thunder Creek during the binding
open season. Shippers that elect to execute transportation services
contracts and make commitments to Thunder Creek during the binding open
season will receive firm capacity rights up to an amount equal to each
shipper’s elected deemed volume commitment.

A copy of the open season notice, which provides a high-level summary of
the key terms set forth in Thunder Creek’s transportation services
contract, can be found on Meritage’s public website at www.meritagemidstream.com.
A copy of the transportation services agreement, as well as a copy of
Thunder Creek’s open season procedures, which provides a more detailed
summary of the key terms in the transportation services agreement, will
be available to interested shippers upon the execution of a
confidentiality agreement with Thunder Creek. A copy of the
confidentiality agreement will be provided upon request. All requests
should be directed to Richard Gognat at (303) 551-8163 or rgognat@meritagemidstream.com.
All binding commitments must be received by 5:00 p.m. Mountain Time on
July 10, 2019.

About Meritage Midstream Services

Based in Denver, Meritage Midstream provides oil and gas producers with
a full complement of midstream services through affiliated companies
that operate in the U.S. Meritage is currently focused on Wyoming’s
Powder River Basin. Capabilities include natural gas gathering,
compression, treating and processing; NGL transportation and
fractionation; crude oil gathering, blending and storage; and rail hub
services for outbound crude oil and condensate. The company’s senior
management team has more than 250 years of collective experience in the
midstream business. Meritage Midstream is backed by equity commitments
from Riverstone Holdings LLC. Please visit www.meritagemidstream.com
for more information.

Contacts

Commercial Contact:
Richard J. Gognat
1331 Seventeenth
Street, Suite 1100
Denver, Colorado 80202
303.551.8163 o
rgognat@meritagemidstream.com

Media Contact:
Casey Nikoloric
TEN|10 Group, LLC
303.433.4397,
x101 o
303.507.0510 m
casey.nikoloric@ten10group.com

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