SemGroup Corporation and Rose Rock Midstream to Participate in the US Capital Midstream Corporate Access Day
TULSA, Okla., Jan. 25, 2016 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) and Rose Rock Midstream®, L.P. (NYSE:RRMS) will attend the US Capital Midstream Corporate Access Day in Houston, Texas, on Tuesday, January 26, 2016.
SemGroup and Rose Rock Midstream Chief Executive Officer, Carlin Conner and Chief Financial Officer, Bob Fitzgerald will conduct one-on-one meetings with members of the investment community. The presentation materials used during the conferences will be accessible on the SemGroup website at www.semgroupcorp.com on Tuesday, January 26.
About SemGroup Based in Tulsa, Oklahoma, SemGroup® Corporation is a publicly traded midstream service company providing the energy industry the means to move products from the wellhead to the wholesale marketplace. SemGroup provides diversified services for end users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.
About Rose Rock Midstream Rose Rock Midstream®, L.P. (NYSE:RRMS) is a growth-oriented Delaware limited partnership formed by SemGroup® Corporation (NYSE:SEMG) to own, operate, develop and acquire a diversified portfolio of midstream energy assets. Headquartered in Tulsa, OK, Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services with the majority of its assets strategically located in or connected to the Cushing, Oklahoma crude oil marketing hub.
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
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