The Journal Record Business Briefs: December 1, 2010

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The Journal Record Business Briefs: December 1, 2010


Record, The Journal, THE JOURNAL RECORD


SemGroup reports net loss

SemGroup Corp. on Wednesday reported a net loss for the third quarter attributable to company operations of $15.4 million, or 37 cents per diluted share.

The midstream service company reported a net loss of $34.9 million, for the third quarter of 2009.

Revenue for the quarter totaled $385.3 million, up from $235.1 million a year earlier.

For the first nine months of 2010, SemGroup reported a net loss of $127.1 million, compared with a net loss of $154.2 million for the first nine months of 2009.

Revenue for the first nine months of the year totaled $1.2 billion, up from $725.9 million a year earlier.

"SemGroup continues to make positive progress towards rebuilding and moving forward as a growing publicly traded company," said Norman Szydlowski, president and CEO.

OKC ranked among Best Places for Military Retirement

USAA and Military.com listed Oklahoma City as one of the top 10 "Best Places for Military Retirement."

It was the first survey of military retirement locations commissioned by USAA and Military.com.

Oklahoma City ranked second on the "Overall Top 10 List" and first on two other lists, including the "Top 10 Places to Retire in a Large Metro Area" and "Top 10 Military Towns."

"We welcome military veterans to Oklahoma City with open arms," said Oklahoma City Mayor Mick Cornett. "Our unemployment rate is among the lowest in the country, which makes Oklahoma City the perfect place to begin an encore career."

There are 2 million military retirees; 28 percent are officers and 72 percent are enlisted, according to the report. Generally, military retirees retire relatively early in life with an average age of 42 for enlisted service members and 46 for officers.

"Most military members face two retirements - one from a military career and one from a civilian career," said Kevin O'Fee, assistant vice president of retirement strategies at USAA. "The list gives veterans a head start on planning both the second and third acts of their lives, which likely involves a new community, a new home and a new financial plan."

Oneok names Lehman vice president of compliance, ethics

Neal F. Lehman has joined Oneok Inc. as vice president of compliance and ethics.

In the new position, Lehman will have oversight responsibility for compliance with rules, regulations and laws and for the development and implementation of continuing companywide compliance and ethics training.

He will report to John R. Barker, senior vice president and general counsel, and John W. Gibson, president and CEO.

Lehman comes to Oneok from Latham, Wagner, Steele & Lehman. He was senior legal counsel for Phillips Petroleum Co. He has also held legal positions with Baker Industries, Skelly Oil Co. and the U.S. Department of Justice.

Lehman graduated from Grove City College in Grove City, Penn., and earned his juris doctorate from St. Mary's University School of Law in San Antonio, Texas.

Bank of Oklahoma named Outstanding Philanthropic Corporation

Bank of Oklahoma was selected as the 2010 Outstanding Philanthropic Corporation by the Oklahoma Chapter of Association of Fundraising Professionals.

BOk was nominated by the National Cowboy & Western Heritage Museum and was named a finalist in early October and later was announced the winner of the corporate category.

Bernard Jones elected to American Cancer Society Board

Bernard M. Jones, associate dean for admissions and external affairs for the Oklahoma City University School of Law, has been elected to the High Plains Division of the American Cancer Society's board of directors.

Jones will help set goals and provide insight and leadership to the High Plains Division, which includes Kansas, Missouri, Nebraska, Oklahoma, Texas and Hawaii. …

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