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MAXUM PETROLEUM ACQUIRES PAULSON OIL
Continuing Strategy to Consolidate Leading Petroleum Marketers

OLD GREENWICH, CT, December 17, 2007, – Maxum Petroleum, Inc. (“Maxum”), a leading energy logistics company, today announced the acquisition of Paulson Oil Company (“Paulson” or the “Company”).
Founded in 1956 by Robert J. Paulson and based approximately 40 miles southeast of Chicago in Chesterton, Indiana, Paulson is a leading supplier of motor fuels and lubricants to commercial and industrial customers in the greater Chicago and Northern Indiana areas, with sales of over $200 million annually. The acquisition of Paulson expands Maxum’s existing operations in the Midwest with a leading, well-respected distributor, and Paulson’s fuel and lubricants business complements the existing Chicago area fuel operations of Maxum’s Hartney Fuel Oil subsidiary. The entire management team of Paulson, including second generation executives Bob Paulson and Pete Paulson, will continue in their current roles as part of the expanded Maxum organization.
We are very excited for the Paulson team to join Maxum Petroleum”, said Perot Bissell, Maxum Petroleum’s CEO. > Read More

Market News/Alert Archives

MARKET UPDATE February 28, 2008
What once seemed unattainable is finally reality. Crude prices are now over $100/bbl and appear to be headed higher. Oil prices have increased almost $14/bbl since February 6, which is an increase of 16%! Furthermore, oil prices are now almost $40/bbl above this same time last year, which is a gain of 64%!> Read More