TULSA, Okla. -- Bankrupt Tulsa-based SemGroup has started laying off employees. About 250 employees nationwide are expected to lose their jobs.
A company spokesperson says that none of those layoffs will be at Sherman’s SemGas facility, but the Sherman location is for sale.
The oil and asphalt transportation and storage provider filed for Chapter 11 Bankruptcy back in July after apparently losing a reported $2.4 dollars on the oil futures markets.
A spokeswoman says all of the laid off employees worked full-time and none will know about a severance package until a court approves SemGroup's bankruptcy.
A hearing on that issue is scheduled for next week.
About 2,000 people work for SemGroup nationwide.