Empresas y finanzas

SemStream Completes Acquisition of Propane Assets in Arizona



    SemStream, L.P. announced its acquisition today of all of the
    propane assets of Energy West (Nasdaq:EWST) that are located in
    Arizona. SemStream's intention to purchase the assets was initially
    announced in July 2006. It was approved by the Arizona Corporation
    Commission on March 20, 2007, and has an effective date of April 1,
    2007. The acquisition is SemStream's first in Arizona.

    Larry Payne, SemStream president and chief operating officer,
    said, "These tremendous assets complement SemStream's strong supply
    and marketing presence in the Southwest. We are very pleased to own
    assets in Arizona and look forward to serving more than 10,000
    customers there."

    Payne said the business will be renamed SemStream Arizona Propane
    and the 21 people who previously worked for Energy West will become
    SemStream employees.

    The acquisition adds to SemStream's asset base a regulated
    underground pipeline system with 170 miles of pipe and approximately
    300,000 gallons of bulk storage and related assets. The assets serve
    approximately 7,500 regulated customers in the Arizona communities of
    Payson, Pine and Strawberry. The acquisition also includes unregulated
    propane assets used in propane sales to rural areas adjacent to those
    communities. The unregulated business serves approximately 2,800
    additional customers.

    SemStream, L.P., a subsidiary of SemGroup, L.P., is a North
    American midstream business providing natural gas liquids (NGL)
    supply, marketing, storage and terminal services through 11 privately
    owned propane terminals. It is one of the largest private propane
    terminal operators in the industry and is a major shipper on all six
    North American NGL common carrier pipelines. The company is based in
    Tulsa, Oklahoma.