Tesoro Rebranding as Andeavor

Touting more integration and geographic diversity with the completion of its$5.8 billion purchase of Western Refining Inc., Tesoro Corp. and Tesoro Logistics LP (TLLP) are becoming Andeavor and Andeavor Logistics LP, respectively, effective Aug. 1.

June 6, 2017
Tesoro, EP Energy Ink JV to Expand Uinta Drilling in Utah

Tesoro, EP Energy Ink JV to Expand Uinta Drilling in Utah

Units of Tesoro Corp. and EP Energy Corp. on Thursday formed a drilling joint venture (JV) to fund oil and natural gas development in EP’s Altamont program in the Uinta Basin of Utah.

May 26, 2017

Briefs — PA DEP

Acting Secretary of the Pennsylvania Department of Environmental Protection Patrick McDonnell plans to hit the road in April for a listening tour about how the agency’s Office of Environmental Justice (OEJ) can be improved. McDonnell will host nine roundtables with residents and leaders across the state to see how they can get more involved in DEP’s decision-making process. The OEJ serves as a point of contact for Pennsylvanians in low income areas and areas with more minorities. It was established more than a decade ago to better protect those communities from industrial development such as oil and gas drilling. OEJ Director Carl Jones said his office wants to go beyond those demographics, however, and start reaching out to include more communities in the public participation process. The agency’s oil and gas permitting has slowed in recent years as DEP has faced staff cuts, technical deficiencies and, at times, more applications. A schedule of the roundtables is available on DEP’s website.

March 28, 2017

Tesoro Refinery Integration Plans Stir More Southern California Air Debates

Tesoro Corp. plans to integrate its two major Southern California refineries are stirring debate about what the proposed $460 million project means to longstanding efforts to curb air pollution throughout the Los Angeles Basin.

March 17, 2017

Tesoro’s 2013 North Dakota Oil Spill Clean-Up Lingering into New Year

The clean-up by Tesoro Corp. of a nearly 21,000-bbl oil pipeline leak in North Dakota in 2013 will continue into next year, a state health department official said Wednesday.

December 29, 2016

Bakken Remains Tesoro’s Land of Opportunity; MLP Makes $1.1B in Buys

As its joint senior management had predicted, Tesoro Corp.’s master limited partnership (MLP), Tesoro Logistics LP (TLLP), went on a buying spree Monday, scooping up $700 million in assets in North Dakota and another $400 million in Northern California.

November 22, 2016

Tesoro Corp. to Acquire Western Refining For $6.4B

Two Texas companies, San Antonio-based Tesoro Corp. and El Paso-based Western Refining Inc., said Thursday that Tesoro is acquiring Western in a stock transaction valued at $6.4 billion. Given timely approvals, the acquisition is expected to be completed in the first half of next year.

November 18, 2016

Tesoro Sees More Bakken Midstream Growth, But Refining Finds Crude Differentials Narrow

The two sides of San Antonio, TX-based Tesoro Corp. and its midstream unit, Tesoro Logistics (TLP), showed different faces of the low commodity price environment in 2Q2016, but CEO Greg Goff said there are opportunities for both companies.

August 17, 2016

Tesoro Acquires Bakken Refinery in North Dakota From MDU Resources

A unit of San Antonio, TX-based Tesoro Corp. on Tuesday acquired the Dakota Prairie Refinery in the Bakken Shale play in North Dakota from a unit of Bismarck-based MDU Resources Group. The new refinery opened last year and was losing money for MDU.

June 28, 2016
Tesoro Bakken Crude Rail Shipments to West Can Compete With Pipes to Gulf, CEO Says

Tesoro Bakken Crude Rail Shipments to West Can Compete With Pipes to Gulf, CEO Says

Although the low price commodity environment is causing delays in some of its major capital investment projects, Tesoro Corp. likes the economics for its crude by rail option for shipping Bakken Shale supplies to its West Coast refineries, CEO Greg Goff said Thursday on an earnings conference call.

May 9, 2016
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