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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.
As if anyone needed more evidence of the difficult path to profits in the oil refining business, Hess Corp. (NYSE: HES) said this morning that it will shut down its Port Reading, N.J., refinery ...
Emory Clark sold his interest in the company in 1981 to Apex Oil, a St. Louis, Missouri–based company. In 1985, Apex decided to sell Clark Oil. By 1987, Clark and Apex were bankrupt. [1] In 1992, a division of Toronto-based Horsham Corp. bought Clark Oil and Refining, which included the two refineries and around 1,000 gas stations.
For more than 100 years, the Wilmington and Carson oil refineries have pumped out millions of barrels of gasoline, filling the thirsty cars of Southern California's freeway-driving motorists.
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 ...
The refinery was expanded from 60,000 barrels per day (9,500 m 3 /d) to 65,000 barrels per day (10,300 m 3 /d) in 1982. It was expanded again to have a processing capacity of 70,000 barrels per day (11,000 m 3 /d) in 2007. The employees of the Warren refinery are represented by the International Union of Operating Engineers.
Apr. 25—Called on to produce more with the pandemic's waning and a resurgence of worldwide demand, Texas oil refineries are running flat out and meeting the call, analysts say. But various ...