News / Utah / 

For Sale: Utah refinery, does 30,000 barrels a day

For Sale: Utah refinery, does 30,000 barrels a day



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 Information in the story may be outdated or superseded by additional information.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.)

Related Stories

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast