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April 28, 2014
07:32 EDTGELGenesis Energy announces open season for new crude oil pipeline
Genesis Energy announced plans to conduct a binding open season to solicit shipper interest in making commitments to a new crude oil transportation pipeline originating at the Express Pipeline terminal in Casper, Wyoming and delivering to Genesis Energy’s existing operational Pronghorn unit train loading facility north of Douglas, Wyoming. The pipeline will include an origin pump station in Casper, a future intermediate pump station and approximately 70 miles of pipeline. If it chooses to move forward, Genesis would expect the new pipeline to be in-service by mid-2015. The facility is a double loop design with sufficient track to accommodate two 118-car unit trains at one time and has a flexible 14-car loading system capable of loading a unit train in less than 24 hours, with a target loading time of 15-18 hours. Given its location in the Powder River Basin, Pronghorn also has competitive access to local production via truck and Genesis’ existing crude oil gathering system. The open season will begin on Monday April 28 and will end on Friday May 30.
News For GEL From The Last 14 Days
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September 23, 2014
09:13 EDTGELOn The Fly: Pre-market Movers
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08:48 EDTGELGenesis Energy 4M share Spot Secondary priced at $50.71
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September 22, 2014
18:18 EDTGELOn The Fly: After Hours Movers
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16:13 EDTGELGenesis Energy files to sell 4M common units representing limited partners
Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, RBC Capital Markets and BMO Capital Markets are acting as joint book-running managers for the common units offering. Baird, Raymond James and Janney Montgomery Scott are acting as co-managers.

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