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Semgroup to pay MVO for oil deliveries     27-Oct-09 07:40 am    
SemGroup, through bankrupcy proceedings, has agreed to partial payment too producers for the oil they delivered in June and first two weeks of July 2008. How many cents on the dollar MVO will get is unsure.

"The first purchaser class, which includes oil and gas producers who were stiffed by SemGroup when they sold product on credit around the bankruptcy period, approved the plan by a 377-27 vote. The bankruptcy court's Official Producers Committee signed off on the deal when a settlement promised more than $300 million last month. "
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gpd8252

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  Subject Author Rating Time of Post (ET)  
 
Semgroup to pay MVO for oil deliveries
gpd8252 27-Oct-09 07:40 am  
 
Thanks for posting. I saw some SemGroup news on Bl...
chrisoverb2... (1 Rating) 27-Oct-09 10:45 am  
 
I guess you can crack a smile for us now. Long wai...
biofutures2... (1 Rating) 27-Oct-09 09:10 pm  
 
How long will it take MVO to announce the facts???...
biofutures2... (1 Rating) 27-Oct-09 09:14 pm  
 
MV Partners is never quick to release details...
gpd8252 (1 Rating) 28-Oct-09 09:38 am  
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MV Oil Trust (MVO)

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