May 2016, Vol. 243, No. 5

In The News

Tallgrass Buys Piece of REX

Tallgrass Development’s wholly owned subsidiary, Rockies Express Holdings, has signed a purchase agreement with a unit of Sempra U.S. Gas and Power to acquire Sempra’s 25% membership interest in Rockies Express Pipeline LLC for $440 million, subject to adjustment under the purchase agreement. “Since 2012 our team has believed in REX’s significance to natural gas transportation in America, and over the past three and a half years we have executed on the strategy to solidify the pipeline’s prominence and value for the long-term,” said Tallgrass’s President and CEO David G. Dehaemers, Jr. “Tallgrass is very pleased to have the opportunity to purchase an additional interest in REX as we continu

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