Energy Transfer LP and SemGroup Corp. have completed their previously announced merger, which resulted in the acquisition of Tulsa-based SemGroup by Dallas-based Energy Transfer. As a result of the merger, Energy Transfer issued approximately 57.6 million of its common units to SemGroup stockholders.

The combined operations of the two companies are expected to generate annual run-rate efficiencies of more than $170 million.

Energy Transfer’s acquisition of SemGroup’s Houston Fuel Oil Terminal (HFOTCO) strengthens its crude oil transportation, terminal and export capabilities, and provides Energy Transfer with a strategic position on the Houston Ship Channel. HFOTCO is a world-class crude oil terminal with more than 18 million barrels of crude oil storage capacity, five deepwater ship docks and seven barge docks.

This acquisition expands Energy Transfer’s pipeline footprint by adding crude oil and NGL gathering systems and transmission lines in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas with connections to crude oil terminals in Cushing, Oklahoma.

For more information, visit www.energytransfer.com or call (214) 981-0700.