Kolkhorst - Press Release
By: P. A. (Andy) Weber III
03.21.16 Monday

Kolkhorst Petroleum, Inc., owner of the “Rattlers” convenience store chain, is pleased to announce that it has executed a purchase agreement with certain affiliates of Sunoco LP (“SUN”) to sell its 14 Rattlers convenience stores along with its wholesale motor fuel distribution business.

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What does 2016 hold in the M&A Marketplace?
By: P. A. (Andy) Weber III
03.21.16 Monday

2015 has been a busy year for mergers and acquisitions in the downstream energy industry. Since October 2014, when oil prices dropped over 40%, six oil and gas companies have filed for bankruptcy. Debt service, which can be 10%+ of revenue, is often the culprit as well as poorly performing gas service bonds in the high-yield energy index. Most recently, Sabine Oil & Gas Corp. sought Chapter 11 bankruptcy protection, making it the sixth and largest US oil producer to file as a result of cheap crude oil prices.

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