November 15, 2006 Tulsa, Okla. –SemGroup, L.P. has been ranked No. 5 on Forbes 2006 list of America’s Largest Private Companies. The list is featured in the magazine’s November 27, 2006, issue. A Tulsabased midstream energy business, SemGroup is the only privately owned Oklahomaheadquartered company that is ranked in the magazine’s top 25. It debuted on the list as No. 14 in 2004 and was ranked No. 9 last year.
Forbes’ 2006 list includes 394 companies, all of which have at least $1 billion in annual revenue. SemGroup’s 2006 position is based on its 2005 yearend revenues of $20.17 billion, up 60.4 percent from the prior year. “We attribute SemGroup’s ongoing success to our business philosophy – grow assets so we can move hydrocarbon molecules from where they are produced to where they are needed in the marketplace, and do so through the most efficient means possible,” Tom Kivisto, SemGroup president and chief executive officer, said.
Since the company’s founding in 2000, SemGroup has completed 45 acquisitions, and its total assets exceed $4.2 billion. It has more than 34.1 million barrels of owned and/or leased storage and has multiple projects in progress to increase that number.
SemGroup’s business segments focus on activities related to crude oil, refined petroleum products, natural gas, natural gas liquids, asphalt and storage. The company, which has more than 1,600 employees, operates in the United States, Canada, Mexico, the United Kingdom and Switzerland. For additional information, visit www.semgroupcorp.com.
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