Tulsa-based SemGroup buys assets from Explorer Pipeline

Journal Record, The (Oklahoma City), Mar 11, 2008

SemGroup LP has purchased three refined product terminals in Texas from Explorer Pipeline.

The terminals are in Fort Worth, Bryan and Houston.

"The addition of these terminals further expands SemFuel's marketing presence and storage capacity in the Midwest, Gulf Coast and Dallas-Fort Worth regions of the United States," said Darrell Weakland, SemFuel president and chief operating officer.

SemCrude LP acquired a 130-mile pipeline connecting Ardmore and Drumright. The pipeline was part of Explorer's product system that originates in Arlington, Texas.

"We plan to connect the pipeline to the Cushing Interchange by the third quarter of 2008," said Pete Schwiering, SemCrude vice president-operations, said.

SemFuel and SemCrude are both subsidiaries of Tulsa-based SemGroup.