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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]
April 17, 2017 – A severed flow line, from a gas well, leads to a gas explosion in a home, killing 2 people, in Firestone, Colorado. [32] [33] May 8, 2017 – Fire broke out at a tank for a fracking well near Greeley. [34] May 25, 2017 – An oil tank explosion and fire in northern Colorado killed a worker, and burned three others. [35]
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 ...
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 ...
Complaints of acrid odors, fiery accidents, soot and harmful emissions have gained new resonance in recent years.
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]
The California exodus is the late 20th century and ongoing 21st century mass emigration of residents and businesses from California to other U.S. states or countries. [1] [2] The term originated in the late 20th century; it resurged in use to describe demographical trends that resulted from the COVID-19 pandemic in California.