Murphy USA Breaks Ground on Its 'First' Station
Newly spun company building inaugural location in El Dorado, Ark.
EL DORADO, Ark. -- Murphy USA, recently spun off from Murphy Oil Corp., has broken ground on its first gas station as a publicly traded company, reported KTVE-TV. At a groundbreaking ceremony Monday afternoon, leaders from both Murphy USA and Murphy Oil Corp. joined in lifting the first dirt from the work site in El Dorado, Ark.
The new station will feature eight gasoline dispensers, two diesel dispensers and a 1,400-square-foot retail kiosk when it opens later this year, the report said.
Previously, the nearest location for people in El Dorado was located in a Walmart parking lot in Magnolia, Ark., more than 30 miles away, said the report.
"Murphy USA completed the spinoff from Murphy Oil Corp. last week, so this is an exciting opportunity to have one of our premier, new 1,400-square-foot sites here in El Dorado, the home of our corporate headquarters," said Andrew Clyde, president and CEO of Murphy USA.
Since 1996, the company has owned and operated more than 1,100 gas stations nationwide, most located near or in the parking lots of Walmart or Sam's Club stores.
The company debuted under the stock symbol "MUSA" on the S&P Mid-Cap 400, and on Sept. 4, executives rang the closing bell on the New York Stock Exchange (NYSE).
Murphy USA Inc., still be based in El Dorado, is focused primarily on the marketing of retail fuel products and convenience merchandise. It operates through a chain of 1,179 retail fuel stations in 23 states throughout the Southern and Midwestern United States, as of June 30, 2013. It owns the majority of the sites, and most are adjacent to Walmart stores. The business will also include certain midstream assets, including product distribution terminals and pipeline positions.
Murphy Oil Corp., also based in El Dorado, is a worldwide oil and gas exploration and production company.