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OIPA News - SemGroup bankruptcy

SemGroup emerges from bankruptcy

December 02, 2009

Tulsa-based SemGroup has emerged from 16 months of bankruptcy with a new leader, a new corporate structure and a mission to rebuild its name. Full Story >>

SemGroup reorganization approved

October 27, 2009

SemGroup received court approval on Monday for its reorganization plan, clearing the way for it to exit bankruptcy after 15 months of feuding. Full Story >>

Producers, SemGroup reach agreement

September 17, 2009

An agreement between SemGroup and the bankruptcy court's Producers Committee may allow Oklahoma oil and gas producers to receive some of the millions of dollars they are seeking by late this year or early 2010. Full Story >>

Oklahoma AG enters SemGroup debate

July 30, 2009

Oklahoma Attorney General Drew Edmondson has asked an appeals court to let the state Supreme Court, instead of a federal bankruptcy judge, decide laws determining hundreds of millions of dollars owed to oil and gas producers following SemGroup's 2008 bankruptcy. Full Story >>

Catsimatidis to resign from Semgroup committee

July 20, 2009

New York billionaire John Catsimatidis is stepping out of the Semgroup LP re-organization and will resign from the company's management committee. Full Story >>

SemGroup amends reorganization plan

July 14, 2009

An amended reorganization plan filed by SemGroup LP gives oil and natural gas producers more for the oil sold to the marketing company prior to its bankruptcy. But the 8 cents on the dollar offer is far short of the $414 million owed. Full Story >>