Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Wed., May. 8, 7:45 AM
Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.
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Slide #65. SemGroup Corporation — Mississippi Lime Midstream Assets from Chesapeake Energy Corporation
Acquirer:
SemGroup Corporation (SEMG)
Acquiree:
Mississippi Lime Midstream Assets from Chesapeake Energy Corporation (CHK)
Details:
SemGroup Corporation (NYSE:SEMG) today announced it completed its previously disclosed acquisition of the gas gathering and processing assets owned by Chesapeake Energy Corporation (NYSE:CHK), located in the Mississippi Lime play for $300 million in cash. Approximately $125 million of additional capital expenditures will be required for the completion of the Rose Valley plants I and II, as well as additional capital related to future well connects.
SemGroup provides gathering, transportation, storage, distribution, marketing and other midstream services primarily to producers, refiners of petroleum products and other market participants located in the Gulf Coast, Midwest and Rocky Mountain regions of the U.S. and Canada. Co. conducts its primary business through three business segments: U.S. Liquids, which operates crude oil pipelines, truck transportation, storage, terminals and marketing businesses in the U.S.; U.S. Gas, which provides natural gas gathering, processing and marketing services; and Canada, which owns and operates natural gas processing and gathering facilities in Alberta, Canada.
Open the SEMG Page at The Online Investor »
SemGroup provides gathering, transportation, storage, distribution, marketing and other midstream services primarily to producers, refiners of petroleum products and other market participants located in the Gulf Coast, Midwest and Rocky Mountain regions of the U.S. and Canada. Co. conducts its primary business through three business segments: U.S. Liquids, which operates crude oil pipelines, truck transportation, storage, terminals and marketing businesses in the U.S.; U.S. Gas, which provides natural gas gathering, processing and marketing services; and Canada, which owns and operates natural gas processing and gathering facilities in Alberta, Canada.
Open the CHK Page at The Online Investor »
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