Seminole Energy Services Issues Statement: Not Affiliated with SemGroup, L.P.

* Reuters is not responsible for the content in this press release.

Tue Jul 22, 2008 5:32pm EDT

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
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.