Gibson Energy
Gibsons is a Canada-based midstream oilfield service company in the oil and gas industry. Its assets include pipelines, oil storage facilities, as well as a refinery in Moose Jaw. It is listed on the Toronto Stock Exchange. History. Gibsons was founded with the incorporation of its predecessor in 1953. It was initially a subsidiary of Hunting plc, a British firm in the same business. Gibsons was sold by Hunting plc to an energy industry focused private equity fund managed by Riverstone Holdings in December 2008, for C$1.2 billion. It was later listed on the Toronto Stock  Exchange on June 14, 2011. In 2012, Gibson bought Omni Energy Services for $445 million. OMNI was an environmental services provider to the American oil and gas industry. In 2016, Gibsons Energy rejected a $2.8 billion acquisition proposal from a Singapore private equity firm. In 2017, it sold its industrial propane distribution business, Canwest Propane, to Superior Plus for $412 million. In 2017, its largest shareholder called for the company to sell its non-core assets, and consider selling the whole company. Current operations. Gibsons has facilities in locations in both the United States and Canada. It  owns and operates a refinery in Moose Jaw that is Western Canada's largest supplier of the asphalt used for making roofing shingles. It also runs a number of oil storage terminals, the largest of which is the Hardisty Terminal in Hardisty, Alberta. Gibsons used to run a trucking service to haul petroleum and other products from and to oil and gas production facilities. The majority of the trucks were leased to independent contractor, who paid upwards of $200 dollars a day for equipment that was supposed to be lease purchased. This has been sold to Trimac. The company  also buys, sells, and markets oil and gas on the wholesale market.