The companies claimed the new plant and equipment are needed to meet the growing demand for midstream services in the Mississippi play.
SemGroup president and CEO Norm Szydlowski said the company is focused on capturing the growing demand for midstream services.
SemGas has signed a letter of intent with Exterran to buy a new gas processing plant and associated compression equipment.
Exterran is planning to design and fabricate the plant to handle a throughput of 60 million cubic feet per day of gas, and will feature cryogenic technology for natural gas liquid extraction and enhanced ethane recovery.
US-based SemGas, a subsidiary of SemGroup, offers customers natural gas gathering, processing and marketing services.
Exterran is a provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications.
