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United Refining Company distributes its oil through its line of owned-and-operated convenience stores, totaling approximately 375 throughout upstate New York, Pennsylvania, and Northeast Ohio. The stores operate under the names Kwik Fill, Red Apple, or Country Fair. Many Kwik Fill locations, like the one in the photo above, are full-service ...
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Refining processes and routing in refinery for Pennsylvania crude petroleum, 1921. (Source: Marshall, 1921) Pennsylvania Grade Crude Oil is a type of sweet crude oil (sweet crude oil), found primarily in the Appalachian basin in the Marcellus Formation in the states of New York, Pennsylvania, Ohio, and West Virginia, and takes its name for the state of Pennsylvania, where it was first ...
Pennsylvania oil production peaked in 1891, when the state produced 31 million barrels of oil, 58% of the nation's oil that year. But 1892 was the last year that Pennsylvania wells provided a majority of the oil produced in the US, and in 1895, Ohio surpassed Pennsylvania as an oil producer.
Here are five different ways to invest in oil, from the direct to the more indirect.