Tulsa Energy Company Buys Maine Heating Oil Business

A Tulsa company has announced it is buying a family-owned New England heating oil and propane business.

NGL Energy Partners LP announced the signing of an agreement with Downeast Energy Corporation to acquire the company.

Downeast is family-owned business located in Brunswick, Maine has offices in Maine and New Hampshire.

"Downeast is a customer focused operation which has a long history of serving the energy needs of over 50,000 customers in the New England markets," according to H. Michael Krimbill, Chief Executive Officer NGL Energy Parnters. "They deliver approximately 12 million gallons of retail propane volume, and 28 million gallons of distillate volume annually."

Brunswick Coal, the original company behind Downeast Energy, began selling coal and firewood in 1908. In 1931, Allen Morrell bought the company and expanded the business to include heating oil and propane.