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Delek director leaves board to become CEO of a Texas oil company

By MATT BLOIS A director for the Brentwood energy company Delek left the board earlier this week to become the CEO of a Texas oil company. According to a press release, the CITGO Petroleum Corporation, based in Houston, selected Carlos Jorda to be the company’s next CEO in August. According to SEC documents, Jorda’s decision

By | 2019-08-23T14:38:05-05:00 August 23rd, 2019|Categories: Business, BW-News|Tags: |0 Comments

Brentwood-based Delek to invest $300M+ in pipeline project

NASHVILLE POST Delek US Holdings executives said Monday they will pump between $340 million and $380 million over the next two years into a Texas pipeline project that includes industry giants ExxonMobil and Plains All American Pipeline. Brentwood-based Delek is one of three new partners announced for the Wink To Webster Pipeline, which will link

By | 2019-08-05T15:14:07-05:00 August 5th, 2019|Categories: Business|Tags: , , , |0 Comments

Delek signs on to new oil pipeline after a previous plan was scrapped

By MATT BLOIS The Brentwood energy company Delek is partnering with another company to expand the capacity of an oil pipeline in Oklahoma. The plan to expand this pipeline comes after the company, along with several other partners, decided not to build a pipeline across Texas. Other energy companies are building pipelines in the same

By | 2019-05-28T16:31:31-05:00 May 29th, 2019|Categories: BW-News|Tags: |Comments Off on Delek signs on to new oil pipeline after a previous plan was scrapped

Delek Reports a boost in first quarter profits, and won’t build new pipeline

By MATT BLOIS The holding company for the Brentwood energy company Delek reported a big boost in first quarter profits compared to the same period last year. The company also says it won’t join several other energy companies to build a large oil pipeline in Texas. Delek reported net income of about $149 million in

By | 2019-05-07T01:57:50-05:00 May 7th, 2019|Categories: Business, BW-News|Tags: |Comments Off on Delek Reports a boost in first quarter profits, and won’t build new pipeline

After a strong year Brentwood based energy company Delek hopes profits will be be a buffer against volatile oil prices

By MATT BLOIS The Brentwood-based energy company Delek reported strong financial results over the last year, and it’s hoping those profits will be a buffer against future swings in oil prices. Delek reported a nearly 20 percent increase in net income for 2018 compared with 2017. Much of that increase came from the 2017 acquisition

By | 2019-02-26T00:09:11-05:00 February 26th, 2019|Categories: Business, BW-News|Tags: |Comments Off on After a strong year Brentwood based energy company Delek hopes profits will be be a buffer against volatile oil prices