MoGas Pipeline Announces Open Season

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KANSAS CITY, Mo.--(BUSINESS WIRE)-- MoGas Pipeline, LLC (“MoGas”), a wholly owned subsidiary of CorEnergy Infrastructure Trust, Inc., today announced an open season to solicit interest in firm transportation capacity on its interstate natural gas pipeline in Missouri and Illinois. Non-binding expressions of interests are due from interested customers by 5:00 p.m. Central Time on Dec. 13, 2019.

MoGas is considering an expansion of the capacity of its natural gas pipeline system to approximately 200,000 dekatherms per day (Dt/day) from its current capacity of 125,000 Dt/day.

Based on the timing of required permitting and construction activities, MoGas expects that the natural gas pipeline expansion would be operational in the fourth quarter of 2020.

MoGas owns an approximately 263-mile FERC-regulated interstate natural gas pipeline system serving the St. Louis area and central Missouri, which delivers natural gas to both investor-owned and municipal local distribution systems. MoGas has pipeline receipt and delivery interconnects with Rockies Express Pipeline LLC (REX), Panhandle Eastern Pipe Line Company, LP (PEPL) and Enable Mississippi River Transmission, LLC (MRT).

“We are conducting this open season to solicit shipper interest for firm transportation service to the MoGas MRT interconnect in the east, as well as delivery points in the western portion of our system. Through our receipt points, MoGas shippers have access to natural gas produced in the Rocky Mountain, Marcellus, Arkoma and Gulf Coast regions,” said Rick Kreul, President of MoGas Pipeline, LLC. “Depending on interest, MoGas may install a parallel pipeline, or ‘looping,’ in the northwestern part of our system to provide up to 75,000 dekatherms per day of additional capacity from the REX and PEPL interconnections. We are also open to discussions on further expansions of capacity at similar rates if shippers show interest.”

For customer inquiries about the open season, please contact Cy Zebot at (772) 766-4013 or czebot@mogaspipe.com. More information about the open season is available at www.mogaspipe.com.

About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust (REIT) that owns essential energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases. For more information, please visit corenergy.reit.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although CorEnergy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in CorEnergy's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any distribution paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy's Board of Directors and compliance with leverage covenants.

CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen, 913.642.6363
dhagen@corenergy.reit

Source: CorEnergy Infrastructure Trust, Inc.

Released November 15, 2019