SemGroup Energy Partners, L.P. · Tulsa, OK United States ·(NASDAQ (GM): SGLP)
Company Description
Phone: 918-524-5500
Fax: 918-524-5805
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This link will open in a new window SemGroup Energy provides gathering, transporting, terminalling, and storage of crude oil in Oklahoma, Kansas, and Texas. Not coincidentally, SemGroup Energy's primary customer is parent SemGroup L.P. The company operates two pipeline systems (1,150 miles of pipeline) delivering crude oil to refineries, and provides storage services with a capacity of about 8.2 million barrels. SemGroup Energy has about 7.4 million barrels of asphalt and residual fuel storage in 46 terminals located in 23 states. SemGroup retains a 37% ownership stake in the company. In 2008 SemGroup reported that it was experiencing liquidity issues and filed for bankruptcy protection. To read the full description, subscribe now.
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Key SemGroup Energy Partners, L.P. Financials
| Company Type | Public - NASDAQ (GM): SGLP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $192.2 |
| 2008 Employees | 400 |
SemGroup Energy Partners, L.P. Executives
10 executives listed for SemGroup Energy Partners, L.P.'s Tulsa, OK location.
| Title | Name & Bio | Contact |
| Chairman | Duke Ligon | Network |
| President and CEO | Kevin Foxx | Network |
| EVP, Asphalt Operations | Jerry Parsons | Network |
Competition
Competitive Landscape for SemGroup Energy Partners, L.P.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top SemGroup Energy Partners, L.P. Competitors
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