NGL, GEL, and VNOM: Top MLP Gains Last Week
Posted on Tuesday February 19, 2019

MLPs and Midstream Stocks Rose Last Week(Continued from Prior Part)Top gainsMost of the MLPs and midstream stocks ended last week with gains due to strong oil prices, which we discussed in the previous part. Among the top gains, NGL Energy Partners

Pipeline Owner SemGroup Taps Adviser for Capital Raise Options
Posted on Wednesday February 13, 2019

SemGroup has hired an adviser to look at options that could include project joint ventures, non-core asset sales and preferential equity offerings, said the people, who asked not to be named because the discussions aren’t public. “SemGroup has routinely engaged advisers on a number of occasions over the last 18 months to assist with a variety of processes as we’ve simplified our asset portfolio, focused on balance sheet strength and executed a clear growth strategy on the Gulf Coast, Mid-Continent and in Canada,” Tom Droege, a spokesman for SemGroup, said in an emailed statement. Droege declined to comment on specific efforts by Tulsa, Oklahoma-based SemGroup.

SemCAMS’ Wapiti Gas Plant Completed on Budget, Ahead of Schedule
Posted on Tuesday February 05, 2019

SemCAMS, a subsidiary of SemGroup® Corporation (SEMG), today announced that it has completed commissioning of its Wapiti Gas Plant, which is now fully operational. The 200-mmcf-per-day plant, which is 95 percent contracted, began processing raw sour gas and sending the sales gas to market on January 27, 2019, more than two months ahead of the original April 1, 2019 target. “The successful completion of this project on budget and ahead of schedule reflects the strength of SemCAMS’ engineering and operations staff and the company’s best-in-class ability to execute complex, large-scale projects in a safe, cost-efficient and timely manner,” said Dave Gosse, President of SemCAMS ULC and Executive Vice President at SemGroup.

SemGroup and DCP Midstream Extend Open Season for Light Crude Transportation Solution from Cushing to Gulf Coast Markets
Posted on Thursday January 31, 2019

SemGroup® Corporation (SEMG) and DCP Midstream, LP (DCP) today announced that, due to ongoing shipper interest, they have extended by one month the open season to solicit binding commitments for the development of a new pipeline system to transport segregated, light batches of crude oil originating in Cushing, Okla. and terminating in Houston, Texas. All potential shippers must submit binding commitments by 5 p.m. Central Time on February 28, 2019.