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SemGroup Corporation and Gavilon to Increase Ownership of Glass Mountain Pipeline
SemGroup® Corporation (NYSE:SEMG), and Gavilon, LLC, today announced that each has completed the acquisition of a 25 percent share of Glass Mountain Pipeline LLC previously owned by an affiliate of Chesapeake Energy Corporation (NYSE:CHK). Following this purchase, SemGroup Corporation now owns 50 percent of Glass Mountain Pipeline; the remaining 50 percent of the pipeline is now owned by Gavilon. Chesapeake will maintain its long-term transportation agreement with Glass Mountain Pipeline, providing the economic incentive for its construction.

date.png13 Oct 2012 08:26 | comments.png 0 Comments | tags.png chesapeake gavilon n-america pipeline semgroup usa [ More ]
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