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Profile: SemGroup Corp (SEMG.N)

SEMG.N on New York Stock Exchange

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SemGroup Corporation, incorporated on September 19, 2005, is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company's segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; HFOTCO, which operates a residual fuel oil storage terminal in the United States Gulf Coast; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; and Corporate and Other.

Crude Transportation

The Crude Transportation segment operates crude oil pipelines and truck transportation businesses in the United States. As of December 31, 2017, it owned a 455-mile crude oil gathering and transportation pipeline system with over 720,000 barrels of associated storage capacity in Kansas and northern Oklahoma that is connected to various third-party pipelines and refineries. It also owns the Wattenberg Oil Trunkline (WOT), a 75-mile, over 12-inch diameter crude oil gathering pipeline system that transports crude oil from production facilities in DJ Basin to the pipeline owned by White Cliffs Pipeline, L.L.C (White Cliffs). As of December 31, 2017, the WOT had a capacity of approximately 60,000 barrels per day, as well as 360,000 barrels of operational storage. As of December 31, 2017, it owned a crude oil trucking fleet of over 215 transport trucks and 210 trailers; Maurepas Pipeline, a project underway to build over three pipelines to service refineries in the Gulf Coast region, and owned ownership interest in White Cliffs, which owns a 527-mile pipeline, consisting of two 12-inch common carrier, crude oil pipelines, that transports crude oil from Platteville, Colorado to Cushing, Oklahoma (the White Cliffs Pipeline).

Crude Facilities

The Crude Facilities segment operates crude oil storage and terminal businesses in the United States. As of December 31, 2017, the Crude Facilities segment owned a crude oil storage facility in Cushing, Oklahoma with a capacity of over 7.6 million barrels, of which over 6.5 million barrels are leased to customers and 1.1 million barrels are used for crude oil operations, blending and marketing activities. As of December 31, 2017, it also owned a 30-lane crude oil truck unloading facility with 350,000 barrels of associated storage capacity in Platteville, Coloradom, which connects to the origination point of the White Cliffs Pipeline.

Crude Supply and Logistics

The Crude Supply and Logistics operates a crude oil marketing business, which utilizes its Crude Transportation and Crude Facilities assets for marketing purposes. As of December 31, 2017, additionally, the Crude Supply and Logistics segment owned approximately 61,800 barrels of crude oil storage capacity in Trenton and Stanley, North Dakota.

HFOTCO

HFOTCO segment stores, blends and transports refinery products and refinery feedstocks through pipeline, barge, rail, truck and ship. HFOTCO owns and operates approximately 16.8 million barrels of storage over 300 acres at the mouth of the Houston Ship Channel.

SemCAMS

The SemCAMS segment owns and operates natural gas processing and gathering facilities in Alberta, Canada. The principal process performed at the processing plants is to remove contaminants and render the gas saleable to downstream pipelines and markets. At the sour gas plants, it also sweetens sour natural gas by removing sulfur. As of December 31, 2017, SemCAMS operated and owned varying working interests in two sour natural gas processing plants known as the Kaybob South No. 3 plant (the K3 Plant) and the Kaybob Amalgamated plant (the KA Plant); two sweet gas plants known as the West Fox Creek plant and the West Whitecourt plant, and a network of approximately 600 miles of natural gas gathering and transportation pipelines. As of December 31, 2017, the sour gas plants were dually connected to two long-haul natural gas pipelines that serve Canada and the United States. The plants also load certain products for transportation by truck and railcar.

SemGas

The SemGas segment provides natural gas gathering and processing services. SemGas owns and operates gathering systems and processing plants in Oklahoma and Texas. SemGas aggregates gas supplies from the wellhead and provides various services to producers that condition the wellhead gas production for downstream markets. As of December 31, 2017, SemGas had approximately 660 miles of low pressure gathering lines and approximately 140 miles of high pressure gathering lines in Northeastern Oklahoma. As of December 31, 2016, SemGas also had a processing plant located in Sherman, Texas, with a processing capacity of 30 million cubic feet per day.

The Company competes with Blueknight Energy Partners, L.P., Enbridge Energy Partners, L.P., Enterprise Products Partners L.P., Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P.

Company Address

SemGroup Corp

6120 S Yale Ave Ste 1500
TULSA   OK   74136-4231
P: +1918.5248100
F: +1302.6555049

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