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Greka history
Greka company history timeline
Grewal formed Greka Energy by combining these entities in 1999.
As of 1999, Greka had holdings in Canada, Colombia, Indonesia, and China, in addition to oil fields and other facilities in California, Texas, New Mexico and Louisiana.
In 1999, Greka acquired the refinery along with Saba's other assets as part of its acquisition of Saba.
In an October 2000 interview with The Wall Street Transcript, Randeep Grewal stated that the company's motto was "Working for Profits".
Greka acquired it in 2002 with the purchase of Rincon Island Ltd.
In 2003, Randeep Grewal acquired all outstanding shares of the company for $6.25 per share or $32 million.
In November 2005, Saba Enterprises filed bankruptcy.
Greka appointed former Greka CFO, Andrew deVegvar as president in January 2008.
Also in early January 2008, Greka through Rincon Partnership voluntarily shut down the causeway leading to the Rincon Island facility so that it could repair damage to the pilings caused by the El Nino storms.
On August 20, 2008, Greka settled a lawsuit brought from the trustees of the owners of the mineral rights to several leases on the Cat Canyon Field.
At the beginning of 2009, there were 20 active oil wells within the approximately 1.5-acre (6,100 m) area enclosed by the berm.
The entity which resulted from this merger was named "Greka Energy", a name which it retained until 2011.
Rincon Island Limited Partnership, the subsidiary of the company that held the assets in Rincon Island, filed bankruptcy in 2016 to block California from forcing the company to perform extensive remediation on its wells amid environmental concerns.
In December 2017, the bankruptcy trustee gave ownership of the property to the state via quitclaim deed.
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Greka competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Davis Energy Services | 2010 | $3.7M | 200 | - |
| Key Energy Services | 1977 | $413.9M | 7,500 | 25 |
| Basic Energy Services | 1992 | $710.1M | 2,800 | 1 |
| Lewis Energy Group | 1982 | $730.0M | 400 | 23 |
| Nabors Holding Company | 1988 | $6.4B | 5,422 | 77 |
| Panhandle Oilfield Service | - | $13.0M | 100 | - |
| Patriot Well Solutions | 2015 | $28.0M | 375 | - |
| Aegis Chemical Solutions | 2012 | $11.0M | 100 | - |
| O-TEX PUMPING | 2008 | $76.1M | 750 | - |
| ROC Service | 2012 | $154.4M | 600 | - |
Greka history FAQs
Zippia gives an in-depth look into the details of Greka, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Greka. The employee data is based on information from people who have self-reported their past or current employments at Greka. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Greka. The data presented on this page does not represent the view of Greka and its employees or that of Zippia.
Greka may also be known as or be related to Greka, Greka Energy and HVI Cat Canyon Inc.