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In February 2009, Dana Gas and Crescent Petroleum transferred their participating interests to Pearl Petroleum Company Limited, a joint venture company owned equally by Dana Gas and Crescent Petroleum. [3] Later that year, OMV of Austria and MOL of Hungary, two major European energy companies, each became 10% shareholders in Pearl Petroleum.
Texas Company Building at 1111 Rusk St. in Houston. The company moved to larger facilities in 1989 "The Texas Company" Galveston station, c. 1910-20. Texaco was founded in Beaumont, Texas as the "Texas Fuel Company" in 1902, [6] by Jim Hogg, Joseph S. Cullinan, John Warne Gates, and Arnold Schlaet.
Amoco Corporation merged with BP and became BP Amoco PLC (Public Limited Company) in 1998. In 2001 BP Amoco PLC was renamed to BP PLC. [2] Marathon Petroleum purchased its original 84,000 bpd Texas City Refinery from Plymouth Oil Company in 1962. What remains operating today is an integrated part of the Galveston Bay Refinery, nicknamed Bay Plant.
Pearl is an unincorporated community in Coryell County, in the U.S. state of Texas. [1] According to the Handbook of Texas , the community had a population of 125 in 2000. It is located within the Killeen-Temple-Fort Hood metropolitan area .
In 1999, Exxon and Mobil merged to form the largest oil company in the world and the Beaumont Refinery became one of the 5 largest refineries in the combined company's portfolio. [9] Following a $2 billion major capital investment program twenty five years later, [ 10 ] including a new 250,000 bpd crude unit, Beaumont became the third largest ...
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The East Texas Oil Field is a large oil and gas field in east Texas. Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. [ 1 ]
Coastal produced and marketed petroleum, natural gas, electricity, and coal.It also sold gasoline at Coastal-branded gas stations. By 1999, Coastal Refining and Marketing operated 962 gas stations in 33 states and was supplied by four refineries, including a 150,000 bbl per day refinery in Corpus Christi, Texas, a 180,000 bbl per day refinery in Eagle Point, New Jersey, a 250,000 barrel per ...