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Mustang
Fuel Corporation is a privately held company headquartered
in Oklahoma City, Oklahoma, along with its wholly owned
subsidiaries Mustang Gas Products, LLC, and Mustang Fuel Marketing Company. Mustang’s operations include gas and oil exploration
and production, natural gas gathering and processing, and
natural gas marketing.
Established as Westoc Oil & Gas Company in 1949 by
E.C. Joullian II, Mustang entered the pipeline business
to supply natural gas to an electric generating station
near Mustang, Oklahoma. During the next five decades, Mustang
evolved as one of the Mid-continent’s leading independent
oil and gas companies.
Mustang Fuel Corporation began its exploration and production
efforts in 1971 with a successful well completion in LeFlore
County, Oklahoma. In the following thirty plus years Mustang
has participated in over 1,800 wells across several states
and is the current operator of over 200 properties. It
also owns non-operated interests in more than 700 other
properties and controls more than 50,000 net acres of undeveloped
leasehold throughout its areas of interest.
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Eagle Gas Marketing Company was formed in 1990 as a wholly
owned marketing subsidiary of Mustang Fuel Corporation.
Effective January 1, 2007, Eagle’s name was changed
to Mustang Fuel Marketing Company. Mustang Fuel Marketing
Company has fast become one of the most recognized gas
marketing companies in the Mid-continent by providing personal
service and competitive pricing to many independent gas
producers with a focus on the Oklahoma Intrastate pipelines.
In late 2002, Mustang created a subsidiary, Mustang Gas
Products, LLC, to acquire certain gas gathering and processing
assets from ONEOK, Inc. The acquisition of these assets
reemphasizes Mustang’s commitment to and successful
history in the gas operations industry. Mustang Gas Products
currently operates four gas processing facilities in Oklahoma
and owns approximately 4,000 miles of gathering pipeline.
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