About | History and Antecedants
Lodestar's antecedents were entities of Howell Corporation, a closely held, NYSE listed, diversified energy company. Through its wholly-owned subsidiaries, Howell Corporation was engaged in petrochemical and research & reference fuel manufacturing and chemical toll processing, oil & gas exploration and production, crude oil gathering, pipeline and terminaling operations, coal mining, and bulk motor carrier and logistics services.
Founded in 1955, Howell Transportation Services (HTS) operated initially as a private bulk motor carrier fleet for Howell Refining Company, San Antonio, TX. Supporting Howell Corporation's growth, HTS served as the shared services logistics provider to its sister subsidiaries coordinating all motor carrier and rail operations and management for the Company. In 1984, Howell Corporation consolidated its crude oil gathering operations under HTS following the formation of Howell Crude Oil Company. In 1989, HTS commenced common carrier bulk motor carrier operations on a nation-wide basis. In 1993, HTS purchased the private bulk motor carrier fleet operations of Lyondell Petrochemical Company.
During 1996, Howell Corporation began reorganizing the business to focus on oil & gas exploration and production. Howell Crude Oil Company and the crude gathering operations of HTS were spun out in the formation of a NYSE listed Master Limited Partnership, Genesis Energy. The President of HTS formed Lodestar Logistics Corporation to purchase the remaining assets of HTS.