Midstream - Pipelines | Deals - Joint Ventures | Capital Markets | Private Equity Activity
SemGroup and Chesapeake Form Mississippi Lime Pipeline JV
Print
|
A subsidiary of SemGroup® Corporation, an affiliate of Chesapeake Energy Corporation (NYSE:CHK), and Gavilon, LLC, today announced the formation of Glass Mountain Pipeline LLC and the signing of definitive agreements to build the previously announced 210-mile crude oil pipeline.
Construction of the pipeline is expected to begin this summer and be commissioned in the fall of 2013. The new pipeline, constructed by SemGroup, will have an initial capacity of approximately 140,000 barrels per day and 440,000 barrels of intermediate storage. The pipeline will consist of two laterals. One lateral will originate near the town of Alva in Woods County, Oklahoma. The second lateral will originate near the town of Arnett in Ellis County, Oklahoma.
The pipeline will increase in diameter where the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations