United States Oil and Gas Corp (USOG) is an oil and gas products, services and technology company, focused on acquiring and growing domestic oil and gas companies. USOG targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. USOG made its first acquisition, Turnbull Oil, in May 2009, and its second acquisition, United Oil & Gas, Inc., in January 2010.
Acquisitions
Turnbull Oil, Plainville, Kansas
Founded in 1965, Turnbull sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of Kansas. Its customers include local farmers, businesses and individuals. Turnbull has a bulk storage plant with the capacity to hold approximately 83,000 gallons of refined fuel (various types of diesel and gasoline) as well as 30,000 gallons of propane, a fleet of tankers, as well as office, storage, and maintenance facilities. The acquisition included Turnbull subsidiary Basinger, Inc. which is located in Utica, Kansas, and has 30,000 gallon storage capacity for propane as well as over 300,000 gallons of storage available in portable tanks ranging in size from 100 gallon to 1,000 gallons.
United Oil and Gas, Bottineau, North Dakota
Founded in 2003, United sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of North Dakota. United owns a bulk storage plant, a fleet of tanker trucks, a gas station/convenience store that is being renovated, over six acres of developable land located in Bottineau, North Dakota, and a gas station/convenience store located on an Indian Reservation in Belcourt, North Dakota.
Intellectual Property
Patent for A SIMPLE FIBEROPTIC SEISMOMETER FOR RUGGED ENVIROMENTS
that may reduce the cost of seismic sensor arrays having the fidelity and reliability necessary for permanent downhole and seafloor installations. The advancement should make big oil techniques for oilfield production management and exploration available to middle market players.
