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Murphy Oil (NYS: MUR) completed the divestiture of its North American refining operations this month when Valero Energy (NYS: VLO) agreed to buy its last U.S. refinery, complete with inventory ...
Such a condition is called a split estate. Once severed from surface ownership, oil and gas rights may be bought, sold, or transferred, like other real estate property. Ownership in the oil and gas rights for different horizontal layers, or strata, may be further divided and sold to different parties.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
The United Refining Company (URC) is an oil company in Warren, Pennsylvania. The company operates an oil refinery in Warren that can process 70,000 barrels of crude oil into gasoline, diesel fuel and other petroleum distillates per day. [1] It distributes gasoline under the Kwik Fill and Keystone brands.
The Houston company, which has operated the refineries since its 2012 spin off from ConocoPhillips, said will replace its output with sources "inside and outside its refining network" and with ...
Nov. 24—A senior executive is stepping down from the Long Beach-based company trying to convert a former oil refinery on Rosedale Highway into a renewable diesel plant. Global Clean Energy ...
Ashland was founded in 1924 as the Ashland Refining Company in Catlettsburg, Kentucky, by Paul G. Blazer. [3]In October 1923, J. Fred Miles of the Swiss Oil Company of Lexington, Kentucky [4] employed Paul G. Blazer and assigned him the task of locating, purchasing and operating a refinery in northeastern Kentucky.
In this video, Fool analyst Joel South highlights some potential problems facing Kodiak Oil and Gas. First, the balance sheet. Kodiak has a debt-to-equity ratio of over 80%, which Joel feels is a ...