Alon USA buys Kratz Springs refinery from Valero
Dallas energy firm Alon USA Energy announces the 83,100 barrel per day Kratz Springs refinery in Louisiana has been purchased from Valero Energy for around SF million. The acquisition expands Alons capacity by about 30 percent and serves the Southeast and East Coast markets. Valero CEO Bill Kleese says the deal benefits stockholders and aligns with focusing on core higher return refineries.
MENTIONED IN THIS ARTICLE
Dallas
Alon USA Energy
Big Spring
Kratz Springs
Louisiana
Valero Energy
San Antonio
Alon
Valero
Bill Kleese
Wirw
Alonusa.com
Concho Resources to Present at UBS Global Oil and Gas Conference
Concho Resources of Midland will participate in the UBS Global Oil and Gas Conference in Austin on Thursday. Presentations for the event are expected to outline the company's current earnings and outlook following its first quarter results.
MENTIONED IN THIS ARTICLE
Concho Resources of Midland
UBS Global Oil and Gas
Austin
Concho Resources reports production, cash flow jump and 2007 rise
Concho Resources announces 8.4 billion cubic feet per day production, a 17 percent gain from 2007, and a 4 percent earnings rise. Net cash from operations reaches $69.8 million, up 125 percent from 2007. Website references and unrelated software event details appear in the text.
MENTIONED IN THIS ARTICLE
Concho
Condhoresources.com
Odessa hotel rates surge as occupancy rises nationwide
A Smith Travel Research study cited in National Real Estate Investor places the OdessaMidland area as a top performing hotel submarket with a 19 percent RevPar increase over 12 months through January. Local officials tie higher rates to booming oil and gas demand and some longterm stays. With six new hotels planned, officials expect rates to stay stable despite a tight market and high group demand.
MENTIONED IN THIS ARTICLE
Odessa
Smith Travel Research
National Real Estate Investor Magazine
Odessa-Midland
Florida, Panhandle
Concord-Salisbury
N.C
Linda Sweatt
Sweatt
Truck driver shortage hits Permian Basin
Officials warn a nationwide truck driver shortage tightens hiring in the Permian Basin. ABF Freight System reports difficulty sourcing new drivers, while FedEx Express needs four positions in Odessa Midland. Willie Taylor notes shortages nationwide. schools struggle to keep up, with drivers needed for long and short hauls. Local firms seek part time and full time drivers as demand remains strong.
MENTIONED IN THIS ARTICLE
Permian Basin
ABF
Chad Martin
Ron
Martin
Sally Davenport
FedEx Express
Odessa-Midland
Willie Taylor
Permian Basin Workforce Development Board
United States
Taylor
Shanna Johnson
West Texas Oilfield Trucking
Odessa
Midland
Gary Vest
Gas prices stay high as drivers seek savings and adjustments
Rising fuel costs push Texans to drive less and carpool while dealers offer larger discounts on SUVs and pickups. Many drivers ease speed to stretch mileage, airlines trim fuel use, and some trips stay closer to home amid expectations a peak may come next month. See PERRyman, Page OF.
MENTIONED IN THIS ARTICLE
Tex
Kelley Blue Ee
Itr
Airlines
U.S. Energy Department
Perryman
Also Mentioned on This Page
Alon USA
Red Wing Software
Minnesota
MCM Grand Hotel
FunDome
Software
Odessa Herne
Beatrice
National Real Estate
Ww. Nrelonline.com
Gus
State Farm
Ivers
Silverline
Joshua Scheide
Odessa Amenican
Ates
West
Texas
Perman Basin’ Workforce Development Board
Wast Texas Oilfield Trucking
FedEx Freight East
Hes
Tian Basin
Economist
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