Frontier Oil
From Wikipedia, the free encyclopedia
Frontier Oil was an energy company, originally based in Canada, that moved to the United States. Its headquarters were located in Houston, TX,[1] and its subsidiary company, Frontier Refining & Marketing, Inc., is located in Denver, Colorado. Frontier's primary products were gasoline, diesel, and asphalt, and were marketed in the Rocky Mountain and Plains States.
 | |
| Company type | Public |
|---|---|
| NYSE: FTO | |
| Industry | Oil & Gas Refining & Marketing |
| Founded | 1949 (as Wainoco Oil) |
| Defunct | 2012 |
| Fate | merged with Holly Corporation to HollyFrontier Corporation |
| Headquarters | Houston, Texas |
Key people | Mike Jennings, CEO & Chairman |
| Products | Petrochemical |
Number of employees | 731 |
| Website | www.frontieroil.com |
Frontier Oil owned refineries in Cheyenne, Wyoming and El Dorado, Kansas. Its Cheyenne refinery has a capacity of 52,000 barrels per day (8,300 m3/d) (bpd) and the El Dorado Refinery has a capacity of 110,000 bbl/d (17,000 m3/d).[2][3]
Frontier merged with Holly Corporation in 2011 to form HollyFrontier Corporation.
History
The company was incorporated in Ontario in 1949 as Wainwright Refineries Limited, changing its names to Wainwright Producers & Refiners Limited in 1953, to Wainoco Oil and Chemicals Ltd. in 1966, and to Wainoco Oil Ltd. in 1971.[4] In 1976 it became Wainoco Oil Corporation on its move to Wyoming in the United States.[4] It changed its name to Frontier Oil in 1996.[4]
On November 7, 2007, Frontier announced that the third quarter of 2007 had been the most profitable in the company's history. They reported a total income of US$137,200,000 for the quarter, and $432,700,000 for the year to that point.[5]
Frontier merged with Holly Corporation effective as of July 1, 2011 to form HollyFrontier Corporation.[6][7][8]
