Lion Oil
Encyclopedia
Lion Oil Company was established in 1922. Thomas Harry (Colonel) Barton was instrumental in the development of the company.
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. 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.
In March 2011, Delek US Holdings of Brentwood, TN agreed to acquire Ergon’s 53.7% majority equity interest; total equity ownership by Delek increased to 88.3%; Delek US became the new operator of Lion Oil on April 29, 2011.
In October 2011, Delek US Holdings acquired the remaining 11.7% interest to increase it's equity interest in Lion Oil to 100%.
Lion Oil continues as a petroleum
supplier with its headquarters located in El Dorado, Arkansas
.
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
Oil refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas...
Monsanto has owned. Lion Oil was later sold by Monsanto to Tosco
Tosco Corporation
Tosco was an independent US based petroleum refining and marketing corporation. It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford, and originally focused on extracting oil from oil shale and developing alternative energy sources.-Oil shale operations:In 1964...
.
In 1985, Lion was struggling and on the verge of shutting down and was sold by Tosco to a partnership of Ergon Refining
Ergon (US)
Ergon, Inc. is based in Jackson, MS and is a privately owned company. Ergon includes operations as a refiner, transporter, producer, distributor and marketer of petroleum products...
of Jackson, Mississippi
Jackson, Mississippi
Jackson is the capital and the most populous city of the US state of Mississippi. It is one of two county seats of Hinds County ,. The population of the city declined from 184,256 at the 2000 census to 173,514 at the 2010 census...
, and a group of local investors.
In March 2011, Delek US Holdings of Brentwood, TN agreed to acquire Ergon’s 53.7% majority equity interest; total equity ownership by Delek increased to 88.3%; Delek US became the new operator of Lion Oil on April 29, 2011.
In October 2011, Delek US Holdings acquired the remaining 11.7% interest to increase it's equity interest in Lion Oil to 100%.
Lion Oil continues as a petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
supplier with its headquarters located in El Dorado, Arkansas
El Dorado, Arkansas
El Dorado , a multi-cultural arts center: South Arkansas Arts Center , an award-winning renovated downtown, and numerous sporting, shopping, and dining opportunities. El Dorado is the population, cultural, and business center of the 7,300 mi² regional area...
.