Financial News
Demand Surge at USOG subsidiary
United Oil Demand Outstripping Supply – Good news for Business Growth.
Del Mar 2/23/2010 03:00 PM GMT (TransWorldNews)
Del Mar, CA – United States Oil & Gas Corp intends to increase storage capacity as a result of demand outstripping supply. The company looks set for a busy year along with its subsidiaries. North Dakota-based United Oil, a subsidiary, has itself been going from strength to strength. United Oil owns its own distribution system of tankers and haulers, and has been adding this to its property, plant and equipment. Like the Company's other wholly owned operating subsidiary Turnbull Oil, the management team at United Oil has been immersed in the oil and gas industry for over thirty years. This time span has enabled United Oil to develop and run a highly efficient distribution system.
Owing to high demand, additional storage is now necessary because client sales are far ahead of supply. Storage capacity at its bulk plant is nearly 100,000 gallons of refined fuels with additional capacity available on six acres of developable land (which the company owns) located directly adjacent to the main interstate.
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