This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NORTH SALT LAKE, Utah (AP) -- Bankrupt oil company Flying J Inc. is putting its Utah refinery up for sale. One analyst says it could go for cheap.
Flying J says it needs to unload the North Salt Lake refinery to pay some debts and emerge from bankruptcy.
New York-based refinery analyst Ann Kohler says about 10 refineries are up for sale nationwide with prices lagging. She says Flying J will have to offer a big discount.
Ogden-based Flying J says it's closer to selling a refinery in Bakersfield, Calif.
The company, which filed for bankruptcy reorganization last December, already has sold a pipeline subsidiary in Texas. It plans to merge its truck stops with rival Pilot Travel Centers.
Utah has five crude-oil refineries.
Information from: The Salt Lake Tribune
(Copyright 2009 by The Associated Press. All Rights Reserved.)