Gull Petroleum
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| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 1976 |
| Founder | Terry Lockwood Keith Mitchell Mark Quackenbush |
| Headquarters | Perth, Western Australia |
Area served | Australia |
| Parent | Chevron Corporation |
| Website | www |
Gull Petroleum is a petroleum distributor in Australia. Founded in Perth, Western Australia in 1976, it was later owned by Puma Energy and now owned by Chevron Corporation (Caltex).
History
[edit]Gull Petroleum was founded by Keith Mitchell, Mark Quackenbush, and Terry Lockwood in 1976.
Mitchell and Lockwood first met each other while working at Golden Fleece. While at Golden Fleece Mitchell made a big impression in the Western Australian oil and gas industry rapidly climbing the Golden Fleece corporate ladder. This led to Mitchell being headhunted by Quackenbush's father, the owner of Western Oil. When Mitchell joined Western Oil, Lockwood followed across with him. It was at this time the three men came together and founded Gull Petroleum.
Keith Mitchell came up with the idea to name the company Gull, due to the familiar sounding name of Gulf Oil. The strategic naming of Gull helped to bring familiarity and trust in the Western Australian oil and gas market place.
It was during the early expansion of Gull when the team were looking to take over Gingers Roadhouse that they met the real estate agent Fred Rae. Rae was so impressed with Gull Petroleum's expansion and its future plans that he asked to buy into the company in 1978.
Soon after Rae joined Gull, due to the death of his father Quackenbush left to take over his father's company Western Oil.
In 1984 Mitchell sold his shareholding to Rae.[1] In December 1995 Gull Petroleum expanded into the Australian Capital Territory.[2]
In 1998 Gull New Zealand was established.[3] In December 2010, Rae sold the 98 Gull service station network in Western Australia to Archer Capital, which was then rolled into Archer's Ausfuel business, which also includes Choice Petroleum and Peak Petroleum.[4][5] In March 2013, Ausfuel was acquired by Puma Energy.[6][7] The sale included 110 Gull, Choice and Peak service stations and 11 depots.[6] Puma Energy in Australia was acquired by Chevron Corporation (Caltex) in 2020.
See also
[edit]
References
[edit]- ^ How family values fuelled homegrown Gull empire The West Australian 7 December 2017
- ^ Gull promises lowest prices at petrol sites Canberra Times 14 January 1995 page 3
- ^ About Us Gull Petroleum
- ^ Gull Petroleum sold to Ausfuel Business News 1 December 2010
- ^ Gulf Petroleum Stays in Independent Hands Gulf Petroleum
- ^ a b "Puma Energy Completes Ausfuel and Neumann Petroleum Acquisitions". Puma Energy. 4 March 2013. Archived from the original on 12 April 2013. Retrieved 2 August 2014.
- ^ Tan, Gillian (4 February 2013). "Puma Energy snaps up Ausfuel for $625m". Wall Street Journal. Archived from the original on 6 August 2014. Retrieved 2 August 2014.