Ponca City, OK

Now: 35 °F

Currently: Fair

Hi: 66 °F | Lo: 40 °F


Hi: 61 °F 

Lo: 45 °F


Hi: 53 °F 

Lo: 38 °F


Hi: 59 °F 

Lo: 38 °F


Hi: 64 °F 

Lo: 40 °F


Hi: 71 °F 

Lo: 55 °F

Mississippi company buying asphalt business in Mexico from Tulsa’s SemGroup

The Associated Press - January 9, 2018 9:24 am

FLOWOOD, Miss. (AP) – A Mississippi company is buying the Mexican asphalt business of an Oklahoma company.

SemGroup Corp. of Tulsa, Oklahoma said Monday that it was selling the business to Ergon Inc. of Flowood, Mississippi, for an estimated $70 million.

The business includes 14 asphalt terminals and two laboratories.

Privately-held Ergon owns refineries in Mississippi and West Virginia and also has other mostly petroleum-related businesses.

SemGroup said it doesn’t see the unit as a core business, saying it will use the money to help pay for the $2.1 billion purchase of a Houston oil terminal.

The sale is supposed to be completed sometime after March 31.

Ergon Asphalt & Emulsions President Baxter Burns says the company has been interested in expanding into Mexico. Ergon says it will keep current employees and managers.


Latest Stories

Po-Hi band members read to pre-K students

Po-Hi Band members spent time reading to students at the Washington Prekindergarten Center during Dr. Seuss week. “This...

‘American Idol’ contestant says Perry’s kiss not harassment

LOS ANGELES (AP) – Singer Katy Perry kissed a contestant on “American Idol” and he did...

Work progressing on several construction projects

Several construction projects in Ponca City are progressing or have been completed recently. Buildings including the...