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Lion Oil

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Oil company of the United States
Lion Oil
IndustryPetroleum Products
Founded1922
HeadquartersBrentwood, Tennessee
ProductsPetrochemical
Websitewww.lionoil.com

Lion Oil Company is a private corporation engaged in refining and production of oil, gasoline, and oil-based products. It also manufactures asphalt, industrial solvents and roofing materials. It also operates a gathering and transportation system that moves oil products in interstate commerce. The company is based in Arkansas.

History

Lion Oil Company was established in 1922. Thomas Harry (Colonel) Barton was instrumental in the development of the company. He joined the organization as a major stockholder in 1928 and was elected president and director. His tenure saw the expansion of Lion Oil with the addition of holdings in Texas, Louisiana, and Mississippi. In Arkansas, it owned three large petroleum companies, including 400 hundred service stations.

Lion Oil and Ford dealer, Somerville, Tennessee. Circa 1930-1945

In 1955, Lion Oil was sold to the Monsanto Company along with what is now El Dorado Chemical Company. Lion Oil is the only oil refinery Monsanto has owned. This purchase was part of Monsanto's move to enter the petroleum industry after major oil companies, which supplied it with feedstocks, began their own commodity chemical divisions. Lion Oil was later sold by Monsanto to Tosco.

In 1985, Lion was struggling and on the verge of shutting down and was sold by Tosco to a partnership of Ergon Refining of Jackson, Mississippi, and a group of local investors. This is how it acquired the oil refinery in El Dorado, Arkansas.

In March 2011, Delek US Holdings, Inc. of Brentwood, Tennessee acquired Ergon’s 53.7% majority equity interest; total equity ownership by Delek increased to 88.3%; on April 29, 2011 Delek US became the new operator of Lion Oil.

In October 2011, Delek US Holdings, Inc. acquired the remaining 11.7% interest to increase its equity interest in Lion Oil to 100%.

Lion Oil continues as a petroleum supplier with its headquarters in Brentwood.

See also

References

  1. "Encyclopedia of Arkansas". Encyclopedia of Arkansas. Retrieved 2022-06-28.
  2. Staff Oil Pipeline Handbook, Volume V-A, August 2014. 2014. p. 1.
  3. "Thomas Harry Barton (1881–1960)". The Encyclopedia of Arkansas. Retrieved 2009-02-12.
  4. ^ Williams, Nancy A.; Whayne, Jeannie M. (2000). Arkansas Biography: A Collection of Notable Lives. Fayetteville: University of Arkansas Press. p. 20. ISBN 1-55728-588-8.
  5. Elmore, Bartow J. (2021). Seed Money: Monsanto's Past and Our Food Future. W. W. Norton & Company. ISBN 978-1-324-00205-5.
  6. About Lion Oil undated, Quote "El Dorado Refinery (acquired in 1985)"
  7. majority equity interest announcement Delek US Holding, March 2011
  8. remaining equity interest Delek US, April 2011

External links

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