Seminole Energy Services Acquires Native American Marketing
TULSA, Okla., Sept. 23, 2013 /PRNewswire/ -- Seminole Energy Services, LLC (Seminole), announced today it has acquired the crude oil transportation and logistics business of Native American Marketing, LLC (Native American). Native American provides a variety of services in the oil industry including purchasing, transportation and marketing of crude oil.
Native American will become part of North American Crude Logistics Services, LLC (North American), a fully owned subsidiary of Seminole. The acquisition includes substantially all of Native American's assets including its transportation fleet and marketing services. Native American's current president and chief executive, Larry LeBarre, will serve as President of North American Crude Logistics Services.
"We at Native American Marketing are genuinely pleased to become part of the Seminole family of companies," said LeBarre. "This acquisition not only supports the targeted growth planned for Native American but also allows us to offer expanded, complete services to our crude oil customers, enhancing the value we provide. It's truly a win-win for everyone involved."
With midstream assets in key production areas throughout the United States, more than 44,000HP of compression, 1,000 miles of pipeline, and rail terminal services, Seminole serves more than 500 producers. Seminole provides comprehensive energy services for both the natural gas and crude oil industries including risk management, marketing, transportation and other energy management tools.
"The acquisition of Native American Marketing is an essential element in Seminole's long-term business structure, especially given the recent increase in oil production," said Jason Few, President and CEO of Seminole. "With this acquisition, we can provide our crude oil customers an immediate solution for getting their oil production to market quickly while simultaneously implementing longer term infrastructure solutions. Native American enhances Seminole's competitive position as a midstream solutions provider, making Seminole a one-stop shop for our customers producing both oil and gas."
Native American was founded in 2008 with headquarters in Houston, TX. As the crude oil transportation and logistics division of Seminole Energy, North American operations will remain in Houston with continued focus in Oklahoma, Texas, Ohio and West Virginia. As a result of the acquisition, North American will have the growth capital necessary to expand into new markets.
"Native American's operations are located in key hydrocarbon producing regions in the United States. These areas are crucial for Seminole's exploration and production customers in addition to being prime for growth," stated Louis Dorey, Executive Vice President of Strategy and Planning at Seminole. "Coupled with Native American's long-standing relationships in the industry, the acquisition positions Seminole to provide reliable, quality well head-to-market energy services to our crude oil customers."
In addition to the acquisition of Native American, Seminole plans to expand in emerging and existing oil rich basins. Immediate targeted growth areas include the Utica, Permian, and Eagle Ford basins, as well as Oklahoma.
For more information about Seminole Energy Services, visit seminoleenergy.com.
About Seminole Energy Services
Seminole Energy Services, LLC, is a growth-oriented integrated energy products and services company with dual headquarters in Houston, Texas, and Tulsa, Oklahoma. Serving over 500 producers and over 90,000 retail customers across twenty-three states, Seminole owns and operates gathering, processing, treating, compression, and transportation assets for natural gas, crude oil, and NGLs.
With midstream assets in key production areas throughout the United States, more than 44,000HP of compression, 1,000 miles of pipeline, rail terminal services, a transportation fleet, risk management and marketing services, Seminole provides comprehensive services for both natural gas and crude oil producers, providing energy production services from the well head to the burner tip.
Seminole is dedicated to delivering innovative, quality solutions that exceed the expectations of its customers. Founded on the ideals of providing quality service, Seminole has a long history of commitment and reliability. Since its inception in 1998, Seminole has never failed to deliver nominated quantities to its customers.
SOURCE Seminole Energy Services, LLC