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Long-Term Montney Gas Processing Agreement Fills SemCAMS' Wapiti Gas Plant

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CALGARY, Alberta, Dec. 13, 2018 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has executed a long-term agreement with the Canadian subsidiary of a large international oil and gas company to process sour gas production at its Wapiti Gas Plant. The take-or-pay agreement secures 70 mmcf per day of Montney gas for a 10-year term. The 200 mmcf per day Wapiti Gas Plant, which is expected to be operational in the first quarter of 2019, is now 95 percent contracted.

"We are pleased to secure this long-term processing agreement that effectively fills SemCAMS Wapiti Gas Plant and helps ensure the plant will operate in the most efficient and cost effective manner," said Dave Gosse, SemCAMS' Vice President and General Manager. "This agreement underscores the need for our Wapiti Gas Plant and the unique services we are able to offer customers with our existing pipelines and sour gas processing plants. With the Wapiti plant essentially fully contracted, we are increasing our focus on the Pipestone area development and look forward to continuing our work with producers and the community to safely and efficiently develop the Montney formation."

In the fall, SemCAMS received Alberta Energy Regulator approval to construct a 280 mmcf per day sour gas plant in the Pipestone area. The new plant will be connected to the Wapiti Gas Plant via the Pipestone pipeline, which is currently under construction and is expected to begin gathering gas from the Pipestone area in the fourth quarter of 2019. The pipeline is designed to provide operational synergies and efficiencies to both the Wapiti plant and the Pipestone plant through SemCAMS integrated pipeline and gas plant system.

For additional information, please contact Rob Nimmo, Director, Business Development, at 403.536.3000.

About SemCAMS 
SemCAMS ULC, a subsidiary of SemGroup® Corporation (NYSE:SEMG), is a gathering and processing business which provides midstream solutions for natural gas producers in Western Canada. SemCAMS is one of Alberta's largest licensed sour gas processors with Duvernay and Montney facilities located near Whitecourt and Fox Creek, and a plant under construction in the Wapiti area south of Grand Prairie. The company also operates sweet gas processing facilities in this region. SemCAMS is based in Calgary, Alberta, Canada.

About SemGroup   
SemGroup® Corporation (NYSE:SEMG) moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Platteville, Colo.; and Houston, Texas.

SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. Such information is routinely posted and accessible on our Investor Relations website at www.semgroupcorp.com, our Twitter account and LinkedIn account.

Forward-Looking Statements
Certain matters contained in this Press Release include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.

All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include the risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

Contacts:
Investor Relations:
Alisa Perkins
918-524-8081
investor.relations@semgroupcorp.com 

Media:
Tom Droege
918-524-8560
tdroege@semgroupcorp.com

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