Union Pacific to buy Champlin and Pontiac oil units for 240 million
Union Pacific Railroad and Celanese Corp announce an in principle deal to acquire Champlin Petroleum Co and Pontiac Refining Corp for 240 million in cash with additional payments over three years. Champlin, headquartered in Fort Worth, operates 1400 outlets across 12 states and Canada with refineries in Enid Oklahoma and extensive oil and gas interests. The deal, approved by both boards, will close in early 1970 with no 1969 impact and will keep Champlin and Pontiac as Union Pacific subsidiaries.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Co
Celanese Corporation
Union Pacific Railroad
Champlin Petroleum Co
Pontiac Refining Corp
Champlin
Sidney
West Highway
Pontiac
Canada
Frank E. Barnett
Union Pacific Corporation
John W. Brooks
Celanese
Barnett
Union Pacific
Brooks
Champlin’s
Fort Worth
Texas
Enid
Oklahoma
Pan American Petroleum Corp
Standard Oil Co
Ind
Pan American
Colorado
Wyoming
Utah
Pan Am and U P Launch Vast Seven Million Acre Oil Search
Pan American Petroleum and Union Pacific announce a massive oil and gas exploration program across more than seven million acres in Colorado Wyoming and Utah. Pan Am will drill wildcat wells conduct seismic surveys and geological analyses with Union Pacific providing mineral rights and a nine million dollar cash bonus over three years. Exploration aims to meet rising U S demand and could boost regional economies. The project will be led from Pan Am's Denver office and follows prior efforts with Shell Oil in Elbert County Colorado.
MENTIONED IN THIS ARTICLE
Pan American Petroleum Corp
Union Pacific Railroad
Colorado
Wyoming
Utah
Pan Am
Lee S. Osborne
Union Pacific
Natural Resources Division
United States
U. S
Osborne
Standard Oil of
Indiana
Wiliam T. Smith
Denver
U.S
Kansas Pacific
Kansas City
Cheyenne
Kansas
Shell Oil
Elbert County
Kimball Levy Hits New High in County Tax Hike
The total levy reaches 90.11 percent, the highest ever, with a four percent rise from last year’s 86.44 and a notable jump in District 4 east of Kimball. School tax swells to 21.04 from 11.41, driving the increase as residents face heavier charges overall.
MENTIONED IN THIS ARTICLE
Kimball
New Reflector Material Aims to Cut Nighttime Pedestrian Deaths
Nebraska data show 38 pedestrian fatalities last year as safety experts unveil retro reflective materials. Glass bead technology may be applied to cloth, signs, license plates, and spray paints to improve nighttime visibility. Vision limitations mean drivers see far less at night, but retro reflectivity could nearly double pedestrian detection distance.
MENTIONED IN THIS ARTICLE
Nebraska
Rollin Schnieder
University of Nebraska Extension
Schnieder
Also Mentioned on This Page
U.P
Earth
Iceland
Idaho
Arizona
New Mexico
South Dakota
Pan-Am
The
Rocky Mountain News
Levy
Switzerland
United States Bean Marketing Association
USEMA
Torrington
Wellington
Johnstown
Mitchell Gering
Lymen
Meenesburg
Northport
USBMA
Usabma
Heiden Elevator
Johnstown Feed & Seed
Keenesburg
Farmer's Elevator
Ordnance Site
Ride
T-240
Rodgers Grain
Gering
Nile Valley Co-op
Mitchell
Mitchell Elevator
Lyman
Young Lumber and Feed
Torrington Z W
Gibson
FORD
Illinois
NEBR
Ilinois
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