SemGroup And Gavilon Increase Ownership Of Glass Mountain Pipeline

SemGroup Corp. and Gavilon LLC have completed acquisition of a 25% share of Glass Mountain Pipeline LLC, previously owned by an affiliate of Chesapeake Energy Corp. SemGroup now owns 50% percent of Glass Mountain Pipeline; the remaining 50% is owned by Gavilon. Chesapeake will maintain its long-term transportation agreement with Glass Mountain Pipeline, providing the economic incentive for its construction.