SemGroup Corporation

SemGroup in its $5 billion acquisition by Energy Transfer LP

Client

SemGroup Corporation

Value

$5 billion

Service

Mergers and Acquisitions

Date Closed

Industry

Energy (Oil & Gas)

Lead Office

Calgary


 

On September 16, 2019, SemGroup Corporation announced its $5 billion merger with Energy Transfer LP. Energy Transfer’s acquisition of SemGroup will increase its scale across multiple regions and provide increased connectivity for Energy Transfer’s crude oil and NGL transportation businesses. This acquisition also expands Energy Transfer’s crude oil and NGL infrastructure by adding crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas, as well as crude oil and natural gas liquids pipelines connecting the DJ Basin and Anadarko Basin with crude oil terminals in Cushing, Oklahoma.

SemGroup Corporation, headquartered in Tulsa, Oklahoma, 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.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to SemGroup and SemCAMS with a team consisting of Craig Spurn, Andrea Whyte, and Carson Wetter (Corporate), Peter Glossop and Jaime Auron (Competition/Antitrust & Foreign Investment) and Justin Fontaine (Regulatory, Environmental, Aboriginal and Land).


Team
Craig Spurn
Key Contact

Craig Spurn

Partner, Corporate

Andrea  Whyte

Andrea Whyte

Partner, Corporate

Carson completed his J.D. program at the University of Saskatchewan...

Carson Wetter

Associate, Corporate (Energy)

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Jaime Auron

Jaime Auron

Associate, Competition/Antitrust & Foreign Investment

Fontaine, Justin C.A.

Justin Fontaine

Associate, Regulatory, Environmental, Aboriginal and Land