Modesto, California-based Boyett Petroleum has made its entrance into the
Oklahoma market after it closed on the purchase of Norman-based Danielson Fuel
Services.

Danielson Fuel Services (DFS), founded in 1975 by Jerry Danielson and currently
led by second-generation and current owner Mike Lawson, sold its retail and
wholesale fuel business to Boyett Petroleum. DFS distributes refined products
in four states -- Oklahoma, Texas, Kansas and Missouri - and sells Phillips 66
and Valero branded fuel along with unbranded fuel.

Boyett Petroleum adds the new states to where it distributes fuel and is adding
to its already strong presence in California, Nevada, Colorado and Texas.

"We are vey excited about acquiring Danielson Fuel Services as it further
expands our existing operations and provides a growth platform for new,
opportunistic geographies of our wholesale business," said Dale Boyett,
president of Boyett Petroleum.

Terms of the deal were not disclosed and Downstream Energy Partners (DEP)
provided the merger and acquisition services to Danielson Fuel Services. DEP is
an investment bank and specializes in M&A services to middle market companies
in the downstream petroleum sector.

--Reporting by Denton Cinquegrana, dcinqugrana@opisnet.com; Editing by Michael
Kelly, michael.kelly3@ihsmarkit.com





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