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Home > Company Index > Energy > Oil & Gas Refining & Marketing > Penn Octane Corporation

Penn Octane Corporation
Nasdaq (SC): POCC
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 PROFILE
Penn Octane wants a high rating. It sells liquefied petroleum gas (LPG) to a subsidiary of Mexico's state-owned oil company, Petroleos Mexicanos (PEMEX), for distribution in northeastern Mexico. Penn Octane buys LPG from South Texas processing plants and transports it to its 675,000-gallon Brownsville Terminal Facility. The company transports the LPG via more than 130 miles of pipeline leased from Seadrift Pipeline; the pipeline has an annual capacity of 265 million gallons. Penn Octane also opearates a 21-mile LPG pipeline connecting Brownsville to storage facilities in Matamoros, Mexico. The company has exited the compressed natural gas (CNG) fueling station business in order to focus on core LPG operations.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: July
2000 Sales (mil.): 98.50
1-Yr. Sales Growth: 179.0%
Employees: 16
Revenue per employee: $6,156,250.00

 KEY PEOPLE
• Jerome B. Richter
    CEO
• Ian T. Bothwell
    CFO

 CONTACT INFO
77-530 Enfield Ln., Bldg. D
Palm Desert, CA 92211
US
Phone: 760-772-9080
Fax: 760-772-8588
Online: Web Site

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