Tallgrass Energy Partners Closes on the Acquisition of Powder River Gathering System

LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy Partners, LP (NYSE:TEP) today announced that through
its subsidiary Tallgrass Midstream, LLC (“TMID”) it has closed on the
acquisition of DCP Midstream’s Douglas natural gas gathering system in
the Powder River Basin for cash consideration of approximately $128
million, subject to potential adjustments specified in the purchase
agreement.

About Tallgrass Energy

Tallgrass Energy is a family of companies that includes publicly traded
partnerships Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass
Energy GP, LP (NYSE: TEGP), and privately held Tallgrass Development,
LP. Operating across 10 states, Tallgrass is a growth-oriented midstream
energy operator with transportation, storage, terminal and processing
assets that serve some of the nation’s most prolific crude oil and
natural gas basins.

To learn more, please visit our website at www.tallgrassenergy.com.

Contacts

Tallgrass Energy Partners, LP
Investor Relations
Nate
Lien, 913-928-6012
[email protected]
or
Media
and Trade Inquiries
Phyllis Hammond, 303-763-3568
[email protected]