Texas-based oil jobber United Fuel and Energy Corp. said Thursday that it has acquired the petroleum marketing assets of Clark Oil Co., a fuels and lubricants distributor headquartered in Ada, Okla. United Fuel officials said the deal will allow the company to expand into southeast Oklahoma, where Clark serves the mining, quarry, agricultural and trucking industries. Clark sold approximately 800,000 gallons of lubes last year.
United Fuel, which is located in Midland, Texas, wholesales fuels and lubricants to commercial customers primarily in rural markets of West Texas and eastern New Mexico. Terms of the transaction were not disclosed.
United Fuel represents the consolidation of three companies, the most significant of which is the Eddins-Walcher Company. Eddins-Walcher currently represents approximately 90 percent of United Fuels consolidated revenues.