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What happened to Western Refining?
Western Refining has been acquired by Tesoro another independent petroleum Refining and marketing corporation. Western Refining, Inc. $ 15.2 billion (2014).
Who owns Western Refining?
Marathon Petroleum CorporationAndeavor LLC
Western Refining/Parent organizations
Does marathon own Western Refining?
Less than a year after buying El Paso’s Western Refining, San Antonio-based Andeavor has agreed to be sold to Ohio-based Marathon Petroleum Corp. for $23.3 billion, the companies announced Monday.
What is Western Refining Retail LLC?
Western Refining Inc. is an independent refining and marketing company headquartered in El Paso. Its retail segment includes retail service stations, convenience stores and unmanned fleet fueling locations in Arizona, Colorado, New Mexico and Texas.
Where do Texas refineries get their oil?
These coastal refineries have access to local Texas production, foreign imports, and oil produced offshore in the Gulf of Mexico, as well as the U.S. government’s Strategic Petroleum Reserve, which operates two large storage facilities in Texas.
Who owns the Wood River refinery?
Located in Roxana, Illinois, and jointly owned by Phillips 66 and Cenovus Energy through the WRB Refining partnership, the Wood River Refinery is operated by Phillips 66.
Who owns the El Paso refinery?
Marathon Petroleum
Marathon Petroleum operates the El Paso refinery, which is located in Texas, the US. It is a non integrated refinery owned by Marathon Petroleum. The refinery, which started operations in 1928, has an NCI of 8.3.
Who is the largest oil refinery in the United States?
Baytown Refinery Opened in 1920, Exxon’s Baytown refinery is the largest in the United States, the second largest in the Western hemisphere and also Exxon’s second largest facility after its Singapore complex.
How many oil refineries are in Missouri?
There are no crude oil refineries in Missouri, and companies have to pay to truck their oil to refineries in other states. Colt Energy, which produces oil in the Kansas City area, pays $6 to $7 a barrel to truck its oil to a refinery in Coffeyville, Kan.
Who is the richest person in El Paso Texas?
He is Paul Foster, and he’s not just the richest and most influential person in our city, he’s one of the wealthiest on the planet. Foster, who was raised in Lovington, New Mexico, but calls El Paso home, is self-made.
What is Paul Foster’s net worth?
As of 2014, Forbes lists his net worth as $1.5 billion. He served as chairman of the board of regents of the University of Texas System. In 2007, Foster donated $50 million to help create the Paul L. Foster School of Medicine at Texas Tech University Health Sciences Center in El Paso.
Where is Western Refining Company located?
Company Description: Western Refining Company, L.P. is located in El Paso, TX, United States and is part of the Petroleum and Coal Products Manufacturing Industry. Western Refining Company, L.P. has 350 total employees across all of its locations and generates $81.94 million in sales (USD).
In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro would purchase Western Refining for an estimated enterprise value of $6.4 Billion. Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission.
How will logistics get revenue from Western Refining?
The logistics company will initially get all revenue through a 10-year, fee-based agreement with the parent Western Refining for pipeline, terminal and storage services it reported. The fees are expected to total almost $120 million next year, or 92 percent of its forecasted annual revenues of almost $131 million.
Does Western Refining own New Mexico refineries?
Western Refining also owns a refinery in Bloomfield, New Mexico, but it’s currently closed. Western Refining sold the Yorktown terminal and refinery as well as a segment of an oil pipeline in New Mexico to subsidiaries of Plains All American Pipeline Co for approximately $220 million.