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SemGroup LP shouldn’t be allowed to sell an almost-completed pipeline because it will be more valuable once the bankrupt oil transporter finishes the project, creditors said in court papers.
U.S. Bankruptcy Judge Brendan Linehan Shannon should block a proposed auction of the pipeline, the creditors said in a court filing Monday.
The 550-mile pipeline starts near Platteville and terminates at SemCrude’s terminal in Cushing, Okla.
