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A jobber, or petroleum marketer, is a person or company that purchases quantities of refined fuel from refining companies (e.g., BP, Shell, Exxon), either for sale to retailers (e.g., gasoline stations), or to sell directly to the users of those products (e.g., home heating oil to homeowners, lubricating oils to industrial operations or repair shops, jet fuel to FBOs, etc.).
The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...
In 1959, a restructuring took place which allowed each individual gas station to incorporate separately. In 1960, most of the chain was purchased by Shamrock and then leased back to Turner, who continued to lead the company. In 1978, Sigmor purchased its stations back from Diamond Shamrock, continuing to market DS products.
Domo Gasoline – 80 stations in western Canada; Esso – supplies approximately 2000 stations across Canada owned by various companies that use the Esso name under license from Imperial Oil, which is majority-owned by Exxon; Federated Co-operatives [1] – Refine and supply 386 service stations in their network of independent co-operatives.
At its gas stations, Shell provides diesel fuel, fuel and LPG. Shell Oil Company was a 50/50 partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a refining and marketing joint venture which owns and operates three oil refineries on the Gulf Coast of the United States. However, Shell is currently ...
In 1964, Tom and Judy Love spent $5,000 (equivalent to $50,700 in 2024), which was borrowed from Judy's parents, to lease an abandoned service station in Watonga, Oklahoma, an hour northwest of Oklahoma City. [3] They named their company Musket Corporation. Over the next eight years, Musket opened 40 additional gas stations.
Humble's restructuring allowed both companies to sell and market gasoline nationwide under the Esso, Enco and Humble brands. The Enco brand was introduced by Humble in the summer of 1960 at stations in Ohio, but was soon blackballed after Standard Oil of Ohio protested that Enco (Humble's acronym for "ENergy COmpany") sounded and looked too much like Esso as it shared the same oval logo with ...
In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee." The typical service described in farmout agreements is ...
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