SemGroup and DCP Midstream Extend Open Season on Existing Capacity of NGL Pipeline Connecting DJ Basin to Mont Belvieu
June 25 2018 - 6:00PM
SemGroup® Corporation (NYSE:SEMG) and DCP Midstream,
LP (NYSE:DCP) today announced that, due to shipper interest,
they have extended by one week the binding open season for natural
gas liquids (NGL) transportation service from the DJ Basin to Mont
Belvieu, Texas.
The transportation capacity is available via a soon-to-be
converted portion of White Cliffs Pipeline and Southern Hills
Pipeline, connecting Weld County, Colorado to Mont
Belvieu, Texas. The project, which is expected to be in service in
the fourth quarter of 2019, will provide DJ
Basin customers with increased NGL takeaway capacity and open
access to the Texas Gulf Coast markets.
SemGroup owns 51 percent of White Cliffs Pipeline and is the
operator. DCP owns 66 percent of Southern Hills Pipeline and is the
operator.
Shippers will move product under a published joint tariff
between the two carriers. The open season is being held to provide
prospective shippers an opportunity to receive discount
transportation rates in exchange for long-term volume commitments.
Open Season began May 24, 2018, and will now conclude at 5
p.m. Central Time on July 2, 2018.
Prospective shippers should contact Grant Najera,
Commercial Asset Manager for SemGroup, at 918-524-8525,
or gnajera@semgroupcorp.com, or Brittany Wright, NGL
Business Development for DCP Midstream, at 713-735-3657
or bwright@dcpmidstream.com.
About SemGroup SemGroup® Corporation
(NYSE:SEMG) moves energy across North America through a network of
pipelines, processing plants, refinery-connected storage facilities
and deep-water marine terminals with import and export
capabilities. SemGroup serves as a versatile connection between
upstream oil and gas producers and downstream refiners and end
users. Key areas of operation and growth include western Canada,
the Mid-Continent and the Gulf Coast. SemGroup is committed to
safe, environmentally sound operations. Headquartered in Tulsa,
Okla., the company has additional offices in Calgary, Alberta;
Platteville, Colo.; and Channelview, Texas.
SemGroup uses its Investor Relations website and social media
outlets as channels of distribution of material company
information. Such information is routinely posted and accessible on
our Investor Relations website at www.semgroupcorp.com, our Twitter
account and LinkedIn account.
About DCP Midstream, LP DCP Midstream, LP
(NYSE:DCP) is a midstream master limited partnership headquartered
in Denver, Colorado, with a diversified portfolio of gathering and
processing assets in addition to logistics and marketing assets.
DCP is one of the largest natural gas liquids producers and
marketers and one of the largest natural gas processors in the U.S.
The owner of DCP’s general partner is a joint venture between
Enbridge and Phillips 66. For more information, visit the DCP
Midstream, LP website at
www.dcpmidstream.com.
Forward-Looking StatementsCertain matters
contained in this Press Release include “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. We make these forward-looking statements in
reliance on the safe harbor protections provided under the Private
Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact,
included in this Press Release may constitute forward-looking
statements. Although we believe that the expectations reflected in
these forward-looking statements are reasonable, we cannot assure
you that these expectations will prove to be correct. These
forward-looking statements are subject to certain known and unknown
risks and uncertainties, as well as assumptions that could cause
actual results to differ materially from those reflected in these
forward-looking statements. Factors that might cause actual results
to differ include the risk factors discussed from time to time in
each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any
forward-looking statements contained in this Press Release, which
reflect management’s opinions only as of the date hereof. Except as
required by law, we undertake no obligation to revise or publicly
release the results of any revision to any forward-looking
statements.
SemGroup Investor Relations:Alisa
Perkins918-524-8081investor.relations@semgroupcorp.com
SemGroup Media:Tom
Droege918-524-8560tdroege@semgroupcorp.com
DCP Midstream Investor Relations:Irene
Lofland303-605-1822ilofland@dcpmidstream.com
DCP Midstream Media: Sarah Sandberg303-605-1626
scsandberg@dcpmidstream.com
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