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SemCAMS Midstream ULC

Company Summary

Description

SemGroup® Corporation (NYSE: SEMG) and KKR announced they have formed a joint venture to create a Canadian midstream infrastructure platform, SemCAMS Midstream ULC.

Website

https://www.semgroup.com/

Operational Regions

  • Western Canadian Sedimentary Basin

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Company Transactions

Date: 3/30/2019
Type: Acquisition

DETAILS:

COST: 449 $MM

VOLUMES: 195 Mmcf/d

NOTES:
SemCAMS Midstream will acquire Meritage Midstream, an operating company of 195 MMcf/d of natural gas processing capacity, 101 miles of gas gathering pipelines, and 18 miles of emulsion and gas lift pipelines in the Montney play for $449 million.
REGIONS:
  • Western Canadian Sedimentary Basin
  • Date: 2/15/2019
    Type: Joint Venture

    NOTES:
    SemGroup to own 51% and KKR to own 49% of the new company, SemCAMS Midstream ULC
    REGIONS:
  • Western Canadian Sedimentary Basin