Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  SemGroup Corp    SEMG   US81663A1051

SEMGROUP CORP (SEMG)

2
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

SemGroup, Chesapeake Energy, Gavilon Venture To Build Okla Pipeline

02/21/2012 | 09:36am US/Eastern

A venture between SemGroup Corp. (>> SemGroup Corp), Gavilon Midstream Energy LLC and a Chesapeake Energy Corp. (>> Chesapeake Energy Corporation) affiliate plans to build a 210-mile pipeline in western and north central Oklahoma to deliver crude oil to a storage facility in Cushing, Okla.

The pipeline will have an initial capacity of 140,000 barrels per day and could have a maximum operating capacity of 180,000 barrels per day with the addition of more horsepower.

Construction should begin in July and service is expected to start in the third quarter of 2013.

Financial terms weren't disclosed.

SemGroup provides midstream services and Chesapeake produces oil and natural gas. Gavilon Midstream is a unit of Gavilon Group LLC, a commodity-management firm.

Plains All American Pipeline LP (>> Plains All American Pipeline, L.P.) in October publicly announced its unsolicited offer to buy SemGroup for $1 billion public after SemGroup rejected the bid. SemGroup has since adopted a poison pill with a 10% trigger to guard against hostile takeover attempts.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

React to this article
Latest news on SEMGROUP CORP
06/29 SemCAMS Announces Startup of New Pipeline
06/20 SEMGROUP : Leaders Pair With Local Youth "Fore" The First Tee
06/19 SemGroup Leaders Pair With Local Youth "Fore" The First Tee
06/13 ROSE ROCK MIDSTREAM : SemGroup Corporation : and Rose Rock Midstream to Particip..
06/12 SemGroup Corporation and Rose Rock Midstream to Participate in the Tudor Pick..
06/01 SEMGROUP : to Build Maurepas Pipelines
05/29 SEMGROUP : Evacuation area now limited only to homes along Plainview Road; fire ..
05/29 SEMGROUP : Texas Gas Plant Fire (UPDATE)
05/29 SEMGROUP : Download - PDF
05/15 SEMGROUP : Submission of Matters to a Vote of Security Holders (form 8-K)
Advertisement
Chart
Duration : Period :
SemGroup Corp Technical Analysis Chart | SEMG | US81663A1051 | 4-Traders
Income Statement Evolution
More Financials