SemGroup Corporation to Build Maurepas Pipeline

SemGroup^® Corporation SEMG today announced plans to construct, own and operate three new pipelines in the U.S. Gulf Coast region of Louisiana, collectively named the Maurepas Pipelines. The Maurepas Pipelines will support Motiva Enterprises LLC's efforts to interconnect and optimize its refinery operations. "We are pleased to announce our first asset development project in the Gulf Coast region, an important growth area for SemGroup. We are excited to work with Motiva, a Gulf Coast refining leader, to advance its Louisiana refinery integration project," said Carlin Conner, SemGroup chief executive officer. "This $500 million investment will expand SemGroup's scale and customer base, creating a more diversified midstream company while adding to our inventory of assets to drop down to our MLP, Rose Rock Midstream, in the future. We remain focused on expansion projects that create value for our customers, are executed at mid-to-high single digit EBITDA multiples and generate attractive returns for our shareholders." Project Details: * 24-inch, 34.2 mile crude oil pipeline connected to LOCAP, crossing the Mississippi River and terminating at Motiva's Norco refinery; * 12-inch, 35 mile intermediates pipeline between Motiva's Norco and Convent refineries; and * 6-inch, 34 mile intermediates pipeline between Motiva's Norco and Convent refineries. This project is supported by long-term transportation agreements with Motiva and is expected to be operational in the fourth quarter of 2016.