Valero considering selling Ardmore facility

By: Robin Beal Email
By: Robin Beal Email

ARDMORE, Okla. -- The Valero Oil Refinery, a major part of the Ardmore community for years, may be looking to sell out and leave town.

On Thursday, Valero executives told their Ardmore employees that change could be in the air, and the Ardmore facility's role within the company is now under scrutiny.

Valero is calling it a “strategic asset review,” meaning that several options are on the table. Company officials say some of those options could mean the Ardmore refinery might be sold or possibly even traded to another company with interests in the oil business.

Company officials did stress that there are no plans to close the refinery and that it would seem very unlikely that any jobs would be cut.

"If we sell the plant, we're going to sell it to a buyer who is very interested in running that plant and making it better," Valero spokesman Bill Day said.

Oklahoma State Representative Greg Piatt says a potential sale would be a substantial change to southern Oklahoma’s corporate landscape.

"We hope that whoever purchases the refinery maybe could double it in size, add new employees, but Valero has been a tremendous corporate citizen for southern Oklahoma, and they will be missed," Rep. Piatt (R) said.

Valero says about 250 people work at the Ardmore facility. Valero is the largest crude oil refining company in the United States. The Ardmore facility reportedly produces almost 90,000 barrels a day.

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  • by Juan on Mar 17, 2008 at 12:29 PM
    While it never did specifically say why Valero was considering selling their Ardmore facility, it could be that the Ardmore facility is just too small to fit in with Valero's refinning business. I did note that they they are claiming 90,000 bpd capacity. It is also an older plant so updating it would likely be very expensive. By contrast, Valero's plant in Texas City has a capacity of 218,500 (bpd) barrels per day. By contrast, the largest refining facility in the U.S. would be Exxon/Mobile's plant in Baytown with 562,500 barrel per day capacity.
  • by Arbuckle Doc Location: Ardmore on Mar 16, 2008 at 09:21 PM
    I knew, I should not have given that lottery ticket to my friend in Texas, for his birthday! ~ Had I won, I could buy the refinery and KEEP those jobs right here, in Ardmore! ~ Anyway, it was a nice dream, for a couple of Bucks, right?
  • by William Location: Ardmore on Mar 16, 2008 at 06:49 PM
    Did any of the reporters bother to ask why the Ardmore facility's role in the company is under scrutiny? Isn't this answer part of or maybe the whole story?
  • by Ardmore Citizen Location: Ardmore, OK on Mar 16, 2008 at 09:14 AM
    In response to the "Republican in Ardmore": Excuse me, you say that Valero didn't do anything for the Ardmore area except raise the price of oil and gas. Did you know that Valero happens to be the largest supporter and contributor of the United Way of South Central Oklahoma and a contributor of various organizations in the area? Did you know they also give hundred of thousands of dollars each year to local charities? You, or your family, probably take advantages of services in this community that is largely supported by this fine company. It amazes me that all people like you can do is blame the company for the rising price of oil and gas, but fail to recognize the good that it provides. If I were you, I personally would not blame a company who has given back so much. They truly are an upstanding community supporter. All this community can ask is that whoever the purchaser may be, may they be as great of a community supporter as Valero.
  • by Verbon R Bass Location: Ardmore on Mar 15, 2008 at 05:47 PM
    Why does the unrelated comment, "and leave town" ! have to be incorporated in this title of this story when no where in the text is it expanded upon as to just why it was so stated or implied. Does journalistic license necessarily have to be used because there seems to be a problem between the Sherman/Denison and Ardmore in some way or other. Might be time that the Ardmore Business Community stop using KXII as an advertising agency since we seem to be a problem to you. VRBass
  • by Republican in Ardmore Location: Ardmore on Mar 14, 2008 at 07:37 PM
    To heck with Valero, they didnt do anything for Ardmore except raise the price of oil and gas.
  • by Opinionated Location: Ardmore on Mar 14, 2008 at 12:43 PM
    That could be a serious negative hit for Ardmore. I sure hope another refinery takes it's place. For the sake of the employee's.
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