Seminole Energy Services Issues Statement: Not Affiliated with SemGroup, L.P.
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TULSA, Okla.--(Business Wire)-- Seminole Energy Services, LLC, (www.seminoleenergy.com), today issued the following statement regarding SemGroup, L.P.'s bankruptcy filing: Seminole Energy Services, LLC, a Tulsa-based energy company, stated today that it is not affiliated with SemGroup, L.P., or any of its subsidiaries or affiliates. Seminole maintains a strong financial position and provides "wellhead-to-burner-tip" natural gas marketing and mid-stream services to end users and producers throughout the Southwest, Midwest, Mid-Continent, Appalachian and Inter-Mountain regions of the United States. "Seminole has consistently grown our portfolio of customers since our founding 10 years ago," said Seminole's chief executive officer Robert (Bob) B. Rosene, Jr. "We have strong financial backing, a strong balance sheet and maintain a strong liquidity position at all times. Our affiliation with The Stephens Group, a private equity firm, has enabled us to achieve an excellent capital position while maintaining a high quality of service." Rick Turner, senior managing director of The Stephens Group, LLC, stated, "We continue to be impressed by Seminole's growth and the expertise of its management team, and have overwhelming confidence in the company moving forward." Founded in 1998, Seminole is an energy services company and does not engage in speculative commodity trading. Today Seminole serves over 700 producers and 4,500 retail customers. About Seminole Energy Services, LLC: Seminole Energy Services, LLC (www.seminoleenergy.com) is primarily engaged in providing: full-service retail natural gas marketing to commercial, industrial, agricultural, government and residential choice customers; full-service purchasing from producers, including well-head distribution and risk management; and midstream services, including building and operating natural gas gathering, processing and treating facilities. The company's mission is to create long-term customer relationships based on a commitment to exceptional customer service, industry experience and commercial expertise. 20K Group, LLC Media Contacts: Rose Hochner, 713-962-2867 or Deborah Fiorito, 832-866-3442 Copyright Business Wire 2008
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