TULSA, Okla., Oct. 25, 2012 (GLOBE NEWSWIRE) -- White
Cliffs Pipeline, L.L.C. ("WCPL") owned by a
subsidiary of SemGroup® Corporation (NYSE:SEMG), a
subsidiary of Plains All American Pipeline, L.P.
(NYSE:PAA), a subsidiary of Western Gas Partners, LP
(NYSE:WES) and a subsidiary of Noble Energy, Inc.
(NYSE:NBL) today announced that it has received sufficient
binding shipper commitments during its recent open season
to move forward with its Expansion Project which will allow
the company to provide additional crude oil transportation
service from Platteville, Colorado, to Cushing, Oklahoma.
"We are happy to finalize these binding contracts with
our shippers and appreciate their firm commitments to this
expansion," said Norm Szydlowski, chief executive
officer of SemGroup Corporation. "The expansion of the
White Cliffs Pipeline will help meet a growing demand for
midstream services in the Denver Julesburg Basin by
increasing the current pipeline capacity from approximately
70,000 bpd to about 150,000 bpd."
Subject to Federal Energy Regulatory Commission and other
regulatory approvals, the WCPL expansion is anticipated to
be in service in the first half of 2014. Following
completion, Rose Rock Midstream, L.P. (NYSE:RRMS),
SemGroup's master limited partnership, will continue
operating the expanded White Cliffs Pipeline.
White Cliffs Ownership
Plains All American Pipeline, L.P.
Western Gas Partners LP
Noble Energy, Inc.
About White Cliffs Pipeline
White Cliffs Pipeline®, L.L.C. is a partially owned
subsidiary of SemGroup® Corporation and is operated by Rose
Rock Midstream, L.P. White Cliffs Pipeline originates in
Platteville, CO, northeast of Denver, and terminates at
Rose Rock Midstream's storage facility in Cushing, OK.
White Cliffs Pipeline, a 527 mile, 12-inch common carrier,
crude oil pipeline is the only pipeline that directly moves
crude oil out of the DJ Basin to the Cushing market and
ultimately to refiners in the Mid-Continent area.
Based in Tulsa, Oklahoma, SemGroup® Corporation (NYSE:SEMG)
is a publicly traded midstream service company providing
the energy industry the means to move products from the
wellhead to the wholesale marketplace. SemGroup provides
diversified services for end users and consumers of crude
oil, natural gas, natural gas liquids, refined products and
asphalt. Services include purchasing, selling, processing,
transporting, terminalling and storing energy.
SemGroup® and White Cliffs Pipeline® are registered
trademarks of SemGroup Corporation.
About Rose Rock Midstream
Rose Rock Midstream, L.P. (NYSE:RRMS) is a growth-oriented
Delaware master limited partnership formed by SemGroup®
Corporation to own, operate, develop and acquire a
diversified portfolio of midstream energy assets. Rose Rock
Midstream provides crude oil gathering, transportation,
storage and marketing services. Headquartered in Tulsa, OK,
Rose Rock Midstream has operations in six different states
with the majority of its assets strategically located in or
connected to the Cushing, Oklahoma crude oil marketing hub.
About Plains All American Pipeline (NYSE:PAA)
Plains All American Pipeline, L.P. is a publicly traded
master limited partnership engaged in the transportation,
storage, terminalling and marketing of crude oil and
refined products, as well as in the processing,
transportation, fractionation, storage and marketing of
natural gas liquids. Through its general partner interest
and majority equity ownership position in PAA Natural Gas
Storage, L.P. (NYSE:PNG), PAA owns and operates natural gas
storage facilities. PAA is headquartered in Houston, Texas.
About Western Gas Partners, LP (NYSE:WES)
Western Gas Partners, LP is a growth-oriented Delaware
master limited partnership formed by Anadarko Petroleum
Corporation (NYSE:APC) to own, operate, acquire and develop
midstream energy assets. With midstream assets in East,
West and South Texas, the Rocky Mountains and the
Mid-Continent, the Partnership is engaged in the business
of gathering, processing, compressing, treating, and
transporting natural gas, condensate, natural gas liquids
and crude oil for Anadarko and other producers and
customers. For more information about Western Gas Partners,
About Noble Energy, Inc. (NYSE:NBL)
Noble Energy is a leading independent energy company
engaged in worldwide oil and gas exploration and
production. The Company has core operations onshore in the
U.S., primarily in the DJ Basin and Marcellus Shale, in the
deepwater Gulf of Mexico, offshore Eastern Mediterranean,
and offshore West Africa. Noble Energy is listed on the New
York Stock Exchange and is traded under the ticker symbol
NBL. Further information is available at
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 including the timing and
capacity of the Expansion Project, management's plans
and objectives for the Expansion Project, business
prospects, outcome of regulatory proceedings, market
conditions and other matters, 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,
but are not limited to, regulatory approvals; environmental
risks; changes in demand for crude oil; loss of market
share and industry competition; potential delays and cost
overruns; the risk of finalizing the T&D Agreements; the
ability to access sufficient capital from internal and
external sources; as well as other 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.