ETE's model hasn't been to consolidate a bunch of jobs at their Dallas HQ. Their HQ workforce is actually quite small given the size of their company. That's basically because of how they have grown the company via acquisitions in a relatively short period of time. Their model has been to acquire companies, maintain their relatively small administrative HQ in Dallas - eliminate management/administration from the companies they acquire but leave their operations folks alone to run their businesses.
What does this mean for SemGroup? If it follows what they have previously done, it would mean most of the management/administrative type jobs would go, of course, but any operations/assets-focused people would probably stay.
Again that's just speculation on my part based on what they have done in the past. I was pretty interested in this topic a few years ago...
This is from back in January, just one month after the sale to Energy Transfer closed:
Energy Transfer LP has laid off 108 employees at its Tulsa, Oklahoma office, according to a notice sent to the Oklahoma Office of Workforce Development.
The layoffs come as a result of the Dallas-based pipeline company’s acquisition of SemGroup Corp., which was finalized in early December 2019.
https://www.rigzone.com/news/energy_transfer_lays_off_108_oklahoma_workers-06-jan-2020-160725-article/For context, according to the
World, Semgroup employed 175 people in Tulsa at the time the sale was announced. So, about 62% of the office was laid off in January. Presumably, some others have been transferred to Dallas and some others have no doubt left for other opportunities (having seen the writing on the wall) Curious how many employees are left in the Tulsa office. Do they even have 50 people?