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March 9, 2017 – A fire at a Susquehanna County gas compressor station. [149] November 30, 2017 - A gas well pad fire in Somerset County. [150] January 4, 2018 - Three workers hurt at a gas well in Susquehanna County, Pennsylvania. [151] January 23, 2018 - 5 workers hospitalized after hydrofluoric acid leak at a refinery in Trainer ...
In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion. [15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission. [16]
In March 2016, the company announced layoffs affecting 1,000 employees or 17% of its staff. The layoffs were the result of weak commodity prices. [23] In December 2016, the company acquired assets in the Gulf of Mexico from Freeport-McMoRan. [24] The company also announced the sale of its assets in the Marcellus Shale. [25]
Up until the end of September, U.S.-based refiners were a hot place to be for investors. Many of these companies saw stock price appreciation above 50% from Jan. 3 to Sept. 23; Western Refining ...
The single largest concentration of refineries is along the Gulf Coast. [12] Although there are refineries in 30 states, just three states dominate US refining: Texas (47 operating refineries), Louisiana (19), and California (18). As of January 2015, these three states contain 45% of all US refineries and 59% of all US refining capacity. [13]
California's attempt to manage a smooth transition away from gasoline just got roughed up with this week's decision by Phillips 66 to shutter its refinery in Wilmington next year, wiping out more ...
The Phillips 66 refinery complex in Wilmington and Carson now produces 1.3 billion gallons of gasoline annually, which will leave a huge gap to be filled after its planned closure late next year.
November 2016: Completed Sale of MAPCO Retail Related Assets for $535 million [23] [24] [25] March 2018: Sold refineries in Paramount, California and Long Beach, California to World Energy LLC. [26] November 2018: Announced Big Spring Crude Oil Gathering System in the Permian Basin [27]