Tulsa's SemGroup Sells SemFuel

Monday, August 17th 2009, 6:29 pm
By: News On 6

News On 6

TULSA, OK -- SemGroup continues to take steps to get itself out of bankruptcy.

On Monday, the Tulsa-based company announced the sale of SemFuel to Noble Americas Corporation for $65 million.

SemGroup's president says the sale positions the company to emerge from Chapter 11 protection as a strong player in gathering, storage and transportation of oil and natural gas.