Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-A joint venture of Shell Oil Company and Texaco has cut a deal with Truax Harris Energy LLC for the ownership and day-to-day management of Shell- and Texaco-branded gasoline stations throughout Oregon.

The joint venture, named Equilon Enterprises LLC, has reached agreement with Truax Harris Energy LLC resulting in the formation of another limited liability company, Cascade Energy LLC, which will manage Shell- and Texaco-branded gasoline stations throughout Oregon.

Cascade will operate 57 sites through a contract with Truax Harris, which will provide the day to day operational management. Both Equilon and Truax Harris will each hold a 50% interest in Cascade. The value of the deal was not released by the companies and was not otherwise immediately available.

Equilon is based in Houston. It refines and markets Shell- and Texaco-branded products in 32 Western and Midwestern states and includes Shell’s and Texaco’s nationwide transportation and lubricants businesses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.