TULSA, Okla., Sept. 06, 2017 (GLOBE NEWSWIRE) -- SemGroup ® Corporation (NYSE: SEMG ) today reported that operations at its Houston Fuel Oil Terminal Company (HFOTCO) are fully online following a temporary shutdown due to Hurricane Harvey.
All inbound and outbound facilities at HFOTCO are operating as normal, including receiving ships and barges through the Houston Ship Channel and sending and receiving deliveries via pipeline, truck and rail. The Houston Ship Channel is currently open to vessels with a 40-foot draft on a 24-hour basis. In addition, SemGroup’s Maurepas Pipeline and other operations have not been significantly impacted by Hurricane Harvey.
“We appreciate the critical efforts of our employees to manage our assets during this weather event while dealing with regional impacts never experienced. Additionally, these employees safely brought operations back online,” said SemGroup CEO Carlin Conner. “Our thoughts remain with those personally impacted by this storm as we work together as a company to directly help those in need.”
About SemGroup 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, residual fuel oil and asphalt. Services include purchasing, selling, processing, transporting, terminalling and storing energy.
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Forward-Looking Statements Certain matters contained in this Press Release include “forward-looking statements” within the meaning of Section 27A of the Securities Act 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 regarding the offering of the notes, and the expected use of proceeds from such offering, 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, (i) SemGroup’s business plans may change as circumstances warrant and the offering of the notes may not ultimately be completed because of general market conditions or other factors or (ii) any of the factors discussed from time to time in each of our documents and reports filed with the Securities and Exchange Commission.
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.
Investor Relations: Alisa Perkins 918-524-8081 investor.relations@semgroupcorp.com Media: Tom Droege 918-524-8560 tdroege@semgroupcorp.com
