Operations
- Delek US Holdings is a diversified downstream energy company.
- It has assets in petroleum refining, logistics, asphalt, renewable fuels, and convenience store retailing.
- The company operates four inland refineries with a combined crude throughput capacity of 302,000 barrels per day.
- The refineries are located in Tyler, Texas; Big Spring, Texas; Krotz Springs, Louisiana; and El Dorado, Arkansas.
- Delek's refining system primarily processes light crude oil sourced from the Permian Basin, East Texas, Gulf Coast, and local production near its refinery locations.
- Delek's logistics segment gathers, transports, and stores crude oil.
- It also markets, distributes, transports, and stores refined products in West Texas and the Southeast U.S.
- These operations primarily support Delek's refining operations but also serve third parties.
- Delek Logistics is the logistics arm of the company.
- Delek Logistics can benefit from future drop downs and organic projects to support a larger refining system.
- Delek's fuel brands are DK and ALON.
- The company operates approximately 300 retail locations serving central and west Texas and New Mexico.
- Delek's retail platform is integrated with its refining system.
- The retail operation supplies more than 350 wholesale locations.
- Delek has unbranded wholesale sales of approximately 145,000 barrels per day of light products in 13 states.
- Delek has three biodiesel plants capable of producing approximately 40 million gallons of biodiesel per year.
- The plants are located in Cleburne, Texas; Crossett, Arkansas; and New Albany, Mississippi.
- Delek Renewables utilizes various waste stream feedstocks, including used cooking oil, poultry fat, beef tallow, and vegetable oils.
- The demand for biodiesel is projected to increase, making Delek's biodiesel plants valuable assets.
- Delek's biodiesel plants contribute to the growing renewable industry.
History
- Since 2001, Delek has completed multiple acquisitions in the refining, marketing, logistics, and convenience store industries.
- The company acquired MAPCO Express, Inc. in May 2001, which included 198 retail fuel and convenience stores.
- In April 2005, Delek acquired the Tyler Refinery and its related assets.
- Delek has made significant acquisitions and divestitures, expanding its operations and refining capacity.
- The company's history is marked by strategic mergers and acquisitions to strengthen its position in the downstream energy sector.
Acquisitions and Sales
- Delek US sells MAPCO to COPEC for $535 million.
- Delek US completes the sale of retail-related assets for $535 million.
- Delek US acquires a stake in the Wink to Webster Pipeline in Texas.
- Delek US acquires the remaining 53% stake in Alon USA for $464 million.
Financial Results
- Delek US Holdings reports third-quarter 2018 results.
- Delek US Holdings reports second-quarter 2019 results.
- Delek US pays $128 million for a 33% stake in the Plains Red River system.
- Delek US announces the closing of Bakersfield Refinery sale.
- Delek US announces the closing of acquisition from 3Bear Energy by Delek Logistics Partners, LP.
Pipeline Investments
- Delek US pays $128 million for a 33% stake in the Plains Red River system.
- Delek US announces the expansion and joint venture of the Red River Pipeline with Delek Logistics.
- Delek US acquires a stake in the Wink to Webster Pipeline in Texas.
- Delek US completes the acquisition from 3Bear Energy by Delek Logistics Partners, LP.
- Delek US announces the closing of the acquisition from 3Bear Energy.
This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. (August 2020) |
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing headquartered in Brentwood, Tennessee.
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Type | Public |
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NYSE: DK | |
ISIN | US24665A1034 |
Industry | Oil & Gas Refining & Marketing |
Predecessor | Fina, Alon USA Energy, Inc., MAPCO Express, Lion Oil Company |
Founded | 2001 |
Headquarters | Brentwood, Tennessee, U.S. |
Key people |
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Products | Fuels, Petrochemicals |
Revenue | ![]() ![]() |
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Number of employees | 3,814 (2019) |
Website | www.delekus.com |
The company has a broad platform consisting of: