SemGroup and DCP Midstream Announce an Extension of the Open Season on the NGL Pipeline Connecting DJ Basin to Mont Belvieu
SEMGROUP (SEMG)
Last semgroup earnings: 11/7 04:05 pm
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US:NYSE Investor Relations:
ir.semgroupcorp.com/investor-relations/default.aspx
Company Research
Source: GlobeNewswire
TULSA, Okla., July 05, 2019 (GLOBE NEWSWIRE) -- Due to ongoing shipper interest, SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) have announced the commencement of a supplemental open season for natural gas liquids (NGL) transportation service on the Wattenberg Pipeline, White Cliffs Pipeline, and Southern Hills Pipeline, which will connect Weld County, Colorado to Mont Belvieu, Texas. SemGroup is currently converting a portion of White Cliffs to NGL service and expects it to be in service in the fourth quarter of 2019. When combined with Southern Hills Pipeline, the system provides 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 100 percent of Wattenberg Pipeline and 66 percent of Southern Hills Pipeline, and is the operator of both pipelines. Service will be provided under a published joint tariff between the two carriers. Th
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