SUPERAMERICA JOINT PROJECT RESULTS IN NATURAL GAS FUEL FACILITY AT BRIDGEPORT, W.VA.
LEXINGTON, Ky., March 31 /PRNewswire/ -- Natural gas-fueled public and private fleets traveling on busy West Virginia Interstate 79 now have a fueling station directly off the Bridgeport exit, it was announced today. With state and federal mandates growing for increases in natural gas-operated fleets, a joint project was implemented with SuperAmerica Group, Inc., Hope Gas, Inc. and Petroleum Development Corporation (PDC) (NASDAQ: PETD) to combine resources and know-how to build an infrastructure for the use of natural gas. Located at a SuperAmerica store on U.S. Route 50, the facility opened in late 1992 and offers natural gas refueling along with three grades of gasoline and kerosene. The joint effort was developed to support and advance the use of natural gas fuel as a transportation fuel in the energy-rich state, said Jerry Maxwell, senior vice president of operations for SuperAmerica, a subsidiary of Ashland Oil, Inc. (NYSE: ASH). Maxwell credits PDC and Hope Gas as the driving force behind the project. "We were approached by the companies and agreed to participate because we wanted to encourage the development of an infrastructure to support and advance the use of natural gas as a vehicle fuel. SuperAmerica also wanted to learn more about and develop its expertise in retailing such a fuel," Maxwell said. The operation is a self-serve, one-dispenser fueling point. The compressor is located on PDC property, which is adjacent to the SuperAmerica location. Hope Gas provides the natural gas dispenser for public use, and PDC was instrumental in the installation of the natural gas lines and dispenser located on SuperAmerica property. Natural gas is delivered to the SuperAmerica dispenser through three- quarter-inch stainless steel tubing. Electrical interconnects between the dispenser and the SuperAmerica store provides control and readout capabilities similar to those with a gasoline pump. The PDC compressor and storage cascade provides natural gas at about 3,000 psi (pounds per square inch) to the SuperAmerica dispenser. The customer connects the fueling hose to the vehicle, signals the SuperAmerica control system inside the store to refuel, the control system unlocks the dispenser and the vehicle is refueled. Signals from the dispenser to the equipment in the SuperAmerica store shows the price, quantity and total as well as a read out on the dispenser. Maxwell said the three companies expect business from both public and private fleets. "The majority of natural gas vehicles in the U.S. are operated by municipal and school district bus systems, natural gas utilities and other fleet operators. Locally, we would expect to fuel vehicles from natural gas exploration and distribution companies, as well as the new FBI fingerprint operation that will be located in the Clarksburg/Fairmont, W.Va., area," Maxwell said. The Bridgeport facility is the first SuperAmerica has opened in its marketing area, which stretches from the Midwest to the Ohio River Valley. "It's an expensive venture for one company. Most companies involved in similar projects have sought out partners, too," Maxwell said. "We will continue to explore possibilities with municipalities and other possible partners for future opportunities, including another Ashland Oil subsidiary, Ashland Exploration, Inc." Maxwell said SuperAmerica -- a recognized industry leader in innovation and customer service -- will continue to be open-minded about alternative or oxygenated fuels that control and lower emissions. "We look at the Bridgeport project as another example of SuperAmerica and Ashland Oil continuing their work with public and private partners to enhance the environmentally safe use of its regional resources," Maxwell said. SuperAmerica operates about 600 gasoline/merchandise stores in 12 states, in an area reaching from the Midwest to the Ohio River Valley. An innovative leader in the one-stop shopping concept, SuperAmerica is based in Lexington, Ky. Ashland Oil, Inc. is based in Ashland, Ky., and is a diversified energy corporation engaged in petroleum refining, transportation and marketing; motor oil marketing; chemicals; coal; highway construction; and oil and gas exploration and production. -0- 3/31/93 /CONTACT: Clayton L. Huber, P.E., C.E.M., manager of technical marketing of Hope Gas, Inc. Corporation, 304-623-8668; Steven R. Williams, president of Petroleum Development, 304-842-6256; or Roger Schrum of Ashland Oil, Inc. in Ashland, 606-329-4061/ (PETD, ASH) CO: Ashland Oil, Inc.; SuperAmerica; Hope Gas Inc.; Petroleum Development ST: Kentucky, West Virginia IN: OIL SU:
KC -- PG004 -- 1359 03/31/93 09:00 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Mar 31, 1993|
|Previous Article:||STANDARD & POOR'S STOCK PRICE INDEX -- OPENING, WED., MARCH 31 /PRN/|
|Next Article:||SAN DIEGO-BASED CORPORATION GUARANTEES INVESTMENT TAX CREDIT SAVINGS FOR CUSTOMERS WHETHER PASSED BY CONGRESS, OR NOT|