Aspects of Valero Energy Corp.'s Proposed Acquisition of Huntway Refining Co.

Background

On March 20, 2001, Reuters news service reported that Valero Energy Corp. has agreed to acquire Huntway Refining Co.   The transaction is valued at $78-million, including assumption of Huntway's debt and options.   This transaction adds to Valero's West Coast presence, which formerly was limited to the 130 thousand-barrels-per-day Benicia, California refinery acquired from Exxon Mobil in early 2000.   Valero hereby enters the California and West Coast asphalt markets.

The following links provide company-level data from various public sources to inform discussions of the Valero-Huntway merger.   This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

U.S. Petroleum Refining

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, March 27, 2001

URL: http://www.eia.doe.gov/emeu/finance/mergers/vhindex.html

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