Del Mar, CA – United States Oil & Gas Corp (USOG), the growing oil and gas company, recently gave an update on its expanding subsidiary, United Oil which became a fully owned subsidiary at the beginning of the year.
United’s customers are spread over two states and nine counties with no single customer accounting for more than 5% of revenue. The company’s breakdown of its sales are: refined fuels (67% of revenue), propane (10%), racing fuel (4%) and other oil based products (1%) with sales from its service stations making up the remainder of sales.
The North Dakota based United Oil has a highly efficient distribution system that is backed with a management team that has 30 years of year experience in the industry.
Demand for its product is seeing the company having to expand its storage capacity. It is now seeing its sales exceeding supply at a high rate. Storage capacity at its bulk plant is nearly 100 000 gallons with additional space available on the six acres of developable land located adjacent to the areas main interstate.
USOG will continue its focus on acquiring and growing domestic oil and gas services companies in 2010, following on from the acquisition of United and its earlier acquisition of Turnbull Oil in May 2009.
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United States Oil & Gas Corp. (Other OTC: USOG), Alcoa Inc. (NYSE:AA), Motorola, Inc. (NYSE:MOT), Las Vegas Sands Corp. (NYSE:LVS), Ford Motor Company (NYSE:F), EMC Corporation (NYSE:EMC), Xerox Corporation (NYSE:XRX)
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Other Stocks to Watch:
Alcoa Inc. (NYSE:AA)
Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined
Motorola, Inc. (NYSE:MOT)
Motorola, Inc. provides technologies, products and services for mobile phones.
Las Vegas Sands Corp. (NYSE:LVS)
Las Vegas Sands Corp (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas)
Ford Motor Company (NYSE:F)
Ford Motor Company (Ford) is a producer of cars and trucks
EMC Corporation (NYSE:EMC)
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure technologies and solutions.
Xerox Corporation (NYSE:XRX)
Xerox Corporation (Xerox) is engaged in developing, manufacturing, marketing, servicing and financing a range of document equipments, software, solutions and services
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