Northern Border Pipeline Company Commences Bison Pipeline Project Open Season
OMAHA, Nebraska – April 4, 2008 – Northern Border Pipeline Company (Northern Border) today announced that its wholly-owned subsidiary, Bison Pipeline LLC, has scheduled a binding open season for potential shippers to request firm pipeline capacity on a proposed new natural gas pipeline system. The proposed pipeline system, designated as the Bison Pipeline Project (Bison), would extend from natural gas gathering facilities located in the Powder River Basin supply area to a point of interconnection with Northern Border Pipeline Company in Morton County, North Dakota.
It is anticipated that Bison will consist of approximately 289 miles of 24-inch diameter pipeline, compression and appurtenant facilities, originating at the natural gas gathering facilities of Fort Union Gas Gathering, L.L.C. and Bighorn Gas Gathering, LLC near Dead Horse, Wyoming. The pipeline will extend in a northeasterly direction to its terminus in Morton County, North Dakota near Northern Border’s Compressor Station No. 6. The initial capacity of Bison is anticipated to be approximately 400 million cubic feet per day (MMcf/d) with a maximum capacity of 660 MMcf/d. However, the ultimate capacity of Bison will be determined by the level of binding shipper commitments. The projected in-service date for Bison is November 15, 2010.
“Bison will present Rockies natural gas producers, who have rapidly growing natural gas supplies, with a new pipeline outlet providing market diversity and competitive netbacks. Bison will be the shortest path to a major pipeline with available downstream capacity to robust Midwest and Chicago markets,” said Paul F. Miller, vice president and general manager of Northern Border. “Bison will also offer Northern Border’s customers and markets greater supply diversity through direct access to growing Rockies supply.”
The Bison Open Season will commence on April 4, 2008 at 1:00 p.m. Central Clock Time (CCT) and is scheduled to close on May 16, 2008 at 12:00 p.m. CCT. Open season documents may be found on Northern Border Pipeline Company’s web site at www.northernborder.com.
About Northern Border Pipeline Company:
Northern Border is a general partnership that owns and operates a 1,249-mile interstate pipeline that transported approximately 18 percent of all Canadian gas imported into the United States in 2007. TC PipeLines, LP (Nasdaq: TCLP) owns a 50 percent general partner interest in Northern Border and an affiliate is the operator of the pipeline system. ONEOK Partners, L.P. (NYSE:OKS) owns the other 50 percent general partner interest.
About TC PipeLines, LP
TC PipeLines, LP is a publicly traded limited partnership. TC PipeLines, LP has interests in more than 3,600 miles of federally regulated U.S. interstate natural gas pipelines, including Great Lakes Gas Transmission Limited Partnership (46.45 percent ownership), and Tuscarora Gas Transmission Company (100 percent ownership) as well as its ownership interest in Northern Border.
About ONEOK Partners, L.P.
ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation’s premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers. The general partner of ONEOK Partners is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), which is a diversified energy company and owns 47.8 percent of the overall equity interest in ONEOK Partners. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.
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Contacts:
Media Inquiries:
Shela Shapiro/Cecily Dobson
(403) 920-7859
(800) 608-7859
Investor & Analyst Inquiries:
Myles Dougan
(403) 920-7911
(800) 361-6522
ONEOK Partners, L.P.
Media Inquiries:
Tom Droege
(918) 588-7561
Investor & Analyst Inquiries:
Christy Williamson
(918) 588-7163
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