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CITGO Petroleum Corporation, a Delaware corporation with headquarters in Houston, refines, markets and transports gasoline, diesel fuel, jet fuel, lubricants, petrochemicals, and other petroleum-based industrial products. CITGO has more 3,500 employees and is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. CITGO owns and operates three highly complex crude oil refineries located in Lake Charles, La., Lemont, Ill., and Corpus Christi, Texas. The company`s combined aggregate crude oil refining capacity of 749,000-bpd positions it as one of the largest refiners in the nation. The company owns and/or operates 48 petroleum product terminals, one of the largest networks in the country. The company markets motor fuels to independent marketers who consistently rate CITGO as one of the best branded supplier companies in the industry. CITGO branded marketers sell motor fuels through approximately 6,500 branded retail outlets. CITGO markets jet fuel directly to airlines and produces a variety of agricultural, automotive, industrial and private label lubricants to independent distributors, mass marketers and industrial customers as well as other clients. In addition, the company sells petrochemicals and industrial products directly to various manufacturers and industrial companies throughout the United States.
P.O.&G. Resources is a privately owned oil and gas company headquartered in Houston. The company operates over 230 wells in the state of Texas and owns non-operated interests in oil and gas properties located in Texas, New Mexico, Oklahoma, Kansas, Wyoming, Montana, North Dakota, and Mississippi. Total net production averages 800 barrels of oil and 1.2 MMCF of gas per day. West Texas is the company`s largest operating region. Founded in 1999, P.O.&G. has grown rapidly through acquisitions and development drilling. The company began purchasing operated properties in 2004, and utilized strategic relationships with local operators to manage these properties. In 2006, PO&G became a bonded operator. The company`s growth has been funded through a combination of re-invested cash flow and the creative use of debt financing. With a 2014 capital investment budget of $15 million, the company anticipates doubling production every five years.
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Medallion Midstream, LLC is a full service midstream provider. Our comprehensive, integrated solutions go beyond the traditional midstream business model, improving our customers visibility and control of product value from wellhead to market. At Medallion, we believe that sound relationships are the key to a sound business. We value our relationships with customers, business partners, investors, employees and landowners. Our mission is deliver responsive, reliable and comprehensive midstream solutions, optimizing our assets, and creating value for our investors.
Kicking Horse Energy is a TSX.V listed oil and gas company with extensive land and producing assets in the Deep Basin of Alberta, which includes a condensate-rich natural gas project at Kakwa that boasts greater volumes of condensate per mmcf of gas than most other areas of Montney production. The Company was established in December 2014, by the merger between Contact Exploration and Donnycreek Energy. These companies combined assets, largely within the Deep Basin resulting in a stronger, focused entity with significant growth potential. The Company holds a 75% interest in approximately 21 sections of Montney-focussed acreage at East Kakwa, where we have successfully drilled horizontal wells starting in 2012. With room to drill more than 100 additional wells to fully develop the asset, this property provides a solid production base to leverage into our other 300+ sections of Montney acreage within the Deep Basin. Kicking Horse Energy is diversified through assets it holds in Atlantic Canada, from where its predecessor company Contact Exploration had originally been rooted. Interests in both oil and gas assets in New Brunswick are retained by Kicking Horse, as well as a both an ownership in and partnership with Pieridae Energy, an energy infrastructure development company, seeking to build an LNG facility at Goldboro Nova Scotia.