World Fuel Services, Inc. has acquired branded fuel supply assets from Reeves Oil Company in Texas, aiming to expand its market presence and enhance customer service.

Information on the Target

Reeves Oil Company, established in 1930, is a prominent player in the East Texas fuel supply market, with its headquarters located in Longview. The company has built a strong reputation over nearly a century of service, catering to the needs of local customers and ensuring reliable fuel delivery. As part of the acquisition, Reeves Oil Company will continue to manage order processing and supply fuel delivery for World Fuel Services, thus maintaining its operational legacy.

Industry Overview in Texas

The fuel supply industry in Texas is characterized by a rich landscape of major oil companies and independent suppliers dedicated to meeting the state’s diverse fuel needs. Texas is a leading producer of crude oil and natural gas in the United States, which strengthens the market position of local suppliers. The state's favorable geographic location and developed infrastructure facilitate efficient transportation and distribution of fuel.

Moreover, Texas has seen a consistent demand for fuel due to its robust economy driven by various sectors, including transportation, manufacturing, and agriculture. This substantial demand present