SemGroup Energy Company Description
SemGroup Energy provides gathering, transporting, terminalling, and storage of crude oil in the Oklahoma, Kansas, and Texas region. Not coincidentally, SemGroup Energy's primary customer is parent SemGroup L.P., which accounts for about 62% of sales. 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 6.6 million barrels. SemGroup retains a 37% ownership stake in the company and also operates SemGroup Energy's general partner. In 2008 SemGroup reported that it was experiencing liquidiity issues.
View the Comprehensive Company Description for SemGroup Energy
The Company Description provides a historical perspective of SemGroup Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of SemGroup Energy's evolution in the marketplace.
