SemGroup plans to launch midstream IPO

摘要

New York—SemGroup plans to take public anew midstream company focusing on assetslocated around the key oil market hub ofCushing, Oklahoma, according to a securi-ties filing. The new company, called Rose RockMidstream LP, filed for a $181.1 million IPOAugust 12. The filing touts Rose Rock’s abil-ity to serve high-growth shale areas and cus-tomers looking to move crude into and out ofthe Cushing storage hub, which is the pricingpoint for the New York Mercantile Exchange’scrude contract.