Dallas-based Energy Transfer LP (NYSE: ET), which has a presence in the Houston area, plans to purchase Tulsa, Oklahoma-based SemGroup Corp. (NYSE: SEMG), which acquired Houston Fuel Oil Terminal Co. in a $2.1 billion deal in 2017.
Energy Transfer will acquire SemGroup in a cash-and-stock transaction valued at $17 per share, or about $5 billion total, including the assumption of debt, according to a Sept. 16 press release. The move is expected to increase Energy Transfer’s scale and connectivity…



