Summary:
SemGroup, L.P., is a midstream service company providing the energy industry means to move products from the wellhead to the wholesale marketplace.
Full Description:
SemGroup provides diversified services for end users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. Services include purchasing, selling, processing, transporting, terminaling and storing energy. SemGroup serves customers in the United States, Mexico, Wales, Switzerland and Vietnam.
SemGroup owns and operates proprietary and common carrier pipelines, terminals, storage tanks, processing plants, underground storage and a transportation fleet. Excellent assets, coupled with employees expertise, allow SemGroup’s business segments to capitalize on the logistical inefficiencies that exist in North America’s energy distribution systems. The company maximizes profits by taking advantage of energy market differentials resulting from time, location, quality and volume.
Founded in April 2000, SemGroup has been ranked among the top 14 on Forbes’ list of America’s Largest Private Companies in 2004.
The company has achieved rapid growth by targeting synergistic assets that create value for the company. SemGroup’s “bolt-on” expansion formula enhances existing businesses and positions the company to step into areas adjacent to ones where it is already active.
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