Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Tallgrass Energy Partners: Should Investors Ride The Pony Express Into The Teeth Of This Market?

Tallgrass Energy Partners (NYSE:TEP) is a mid-cap MLP ($2.4 billion) that provides natural gas and crude oil transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States. The LP also owns a ~90% interest in BNN Water Solutions ("BNN"). BNN operates a fresh water pipeline in the DJ Basin and provides effluent management in the Eagle Ford Shale and Permian Basin.

TEP is part of the Tallgrass Energy family, which includes the private Tallgrass Development ("TDEV") LP - the primary asset incubator for TEP. The organization is shown below:

(click to enlarge)

Source: September presentation.

Also shown in the graphic above are the major assets of TEP:

  • The Pony Express
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