Oklahoma Inc.: SemGroup builds for boom times

SemGroup Corp. ranked No. 8 among Oklahoma's public companies this year as it builds infrastructure to serve the ongoing U.S. oil and natural gas boom.
by Jay F. Marks Published: November 3, 2013
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SemGroup Corp. is prospering thanks to a series of wise investments.

CEO Norm Szydlowski said the company is capitalizing on the need for infrastructure that has accompanied the ongoing oil and natural gas boom in the United States.

“It's absolutely chaos because all the oil and gas is in the wrong place,” he said. “We love it.”

Szydlowski praised exploration and production companies for developing technology to unlock new petroleum reserves. That in turn created opportunities for midstream companies like SemGroup.

SemGroup is an energy transport company that owns a network of pipelines, terminals and storage tanks.

SemGroup operates as a family of companies through its subsidiaries, including Oklahoma City-based Rose Rock Midstream LP. SemGroup also owns a stake in NGL Energy Partners LP.

“The story is we have a lot more (projects) to come for a long, long time,” Szydlowski said.

SemGroup ranked No. 8 among Oklahoma's public companies, buoyed by a 254.5 percent increase in earnings per share. SemGroup also logged an impressive one-year return of nearly 69 percent on its stock and dividends.

Szydlowski said SemGroup has invested well, pointing to its construction of the Glass Mountain oil pipeline in western Oklahoma and a natural gas processing plant in northwest Oklahoma.

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by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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