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.
SemGroup Investor Relations:
Alisa Perkins
918-524-8081
investor.relations@semgroupcorp.com
SemGroup Media:
Tom Droege
918-524-8560
tdroege@semgroupcorp.com
DCP Midstream Investor Relations:
Irene Lofland
303-605-1822
ilofland@dcpmidstream.com
DCP Midstream Media:
Sarah Sandberg
303-605-1626
scsandberg@dcpmidstream.com
