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Mustang Fuel history
Mustang Fuel company history timeline
In 1949 E. C. Joullian formed Westoc Oil and Gas and began construction of a pipeline to supply natural gas from the West Edmond gas field to Oklahoma Gas and Electric Company’s (OG&E) new Mustang Power plant.
On May 5, 1950, Westoc began operations of Mustang’s first pipeline.
On episode 66 of Roadkill, David Freiburger and Mike Finnegan head to Colorado Auto & Parts, a giant you-pull-it yard with heritage back to 1959—with a good stash of vintage cars that have been there for decades.
By 1960 Mustang grew from a 194 mile pipeline system to a 730 mile system and on November 6, 1960, Mustang conducted the ceremonial “valve turning” at OG&E’s Muskogee and Horseshoe Lake power stations to take over all gas transmission operations at the utility’s major power plants in Oklahoma.
In 1961, Lee Iacocca, vice president and general manager of Ford Division, had a vision.
After many months of meetings, discussions and market surveys, funding was finally approved for the Mustang in September of 1962.
On March 9, 1964 the first Mustang rolled off of the assembly line.
Since the debut of the Ford Mustang in 1964, the definitive ponycar has undergone huge changes to its aesthetics, power, efficiency, and production over the last 50 years.
By the end of the Mustang's first anniversary, April 17, 1965, Ford had sold 418,812 Mustangs.
Another Mustang option introduced in April of 1965 was the GT equipment group.
The 1965-66 Shelby GT350 had a modified 289 rated at 306 hp, as well as improved suspension and brakes.
The Mustang roared into 1966 with only minor changes, and on March 1 of that year, Ford built the millionth Mustang.
Most of the changes for 1966 were in the form of cosmetic refinements.
The 302-4V, 230 horsepower engine replaced the 289 Challenger Special of previous years.By December of 1967, the 289 engine was replaced entirely by the 302 version.
Among new options for the 1967 Mustang were the tilt-away steering wheel, an overhead console, power disc brakes, and an all new transmission, the FMX, which allowed fully automatic or manual shifting.
1967 brought the first major restyling to the Ford Mustang.
New options for the 1968 Mustang included an AM/FM stereo radio, rear window defogger (coupe and fastback only), re-designed front power disc brakes, and the all new 302 cid engine.
For 1968, the GT350 switched to a 250-hp, 302 (4.9-liter) V-8, while the GT500 KR ("King of the Road") used the 428 Cobra Jet.
Mustang Gas Products Company was formed in 1968 to direct the design and construction of a jointly owned gas processing plant near Calumet, OK. The Calumet Gas Plant was the second largest gas processing facility in Oklahoma.
1969 brought another major restyling to the Mustang.
All of the optional Mustang interiors were available on the Boss 302, however, most of them were equipped with the black, standard Mustang interior.The biggest and baddest of the Boss's, the Mustang Boss 429, was also introduced in 1969.
The headlights became dual units again instead of the quad units used in 1969, front side marker lamps were moved up onto the fenders, the quarter panel "scoops" were deleted, and the rear taillights were now recessed into their housings.
A new wide chrome strip on the edge of the front fenders and hood was borrowed from the 1969 Shelby's.
By 1969, Ford was making most of the design and engineering decisions.
Introduced late in August of 1970, the new Mustang was more than two inches longer and almost two and a half inches wider than it's 1970 predecessor.
The Mach 1, Boss 302, and Boss 429 were all available in 1970.
With sales waning, Ford restyled the 1970 models to look less aggressive.
New for 1971 was the Mustang Boss 351 which replaced the Boss 302 and Boss 429.
There were a total of 149,678 Mustangs built in 1971.
1971 saw another major restyling change for the Ford Mustang.
Probably due to increasing governmental fuel economy regulations, all of the Boss cars were dropped from the 1972 lineup.
Beyond marking the first downward spike in Mustang horsepower,1972–74 are notable for the first generational change to the ponycar.
The six was enlarged to 250 cid (4.1 liters), but the 429, by then the sole big-block, was gone for 1972, leaving the 351 as the biggest engine.
The 70s was also a decade of diversification as Mustang Fuel Company of Mississippi and Mississippi Fuel Company were formed in 1972 to provide gas transmission services to Mississippi Chemical Corporation and Mississippi Power and Light Company.
For 1974, Ford introduced the Mustang II, a subcompact based on a stretched Pinto platform and available as a notchback or hatchback.
Ford presumably used the 5.0 label to match the 305-cid V-8 employed by the Chevrolet Camaro starting in 1976, which actually did displace 5.0 liters.
On May 11, 1979, San Francisco passed the Odd-Even gas sales plan, and similar rationing strategies became law in six United States states.
However, hamstringing the ponycar was necessary at the time—the Iranian revolution had begun in 1979, which dropped global oil production by 10% and doubled oil prices.
The new-for-1979 Mustang rode on a new platform called Fox, which it shared with the Fairmont sedan.
By 1980, Iran and Iraq began a war that would last for nearly a decade, partially explaining why, for half a generation, the Mustang’s performance was underpowered and unsatisfactory.
Ford replaced the 4.9 with a 4.2 V-8 for the 1980 and '81 model years, just in time for the second oil crisis.
An improved 2.3-liter turbocharged engine returned for 1983, along with the first convertible Mustang in a decade and a new 3.8-liter V-6 to replace the old straight-six.
On May 15, 1985, Mustang reached an agreement to sell the entire 3,005 mile intrastate pipeline system to OG&E which used the assets to create Enogex LLC. The transaction gave Mustang flexibility for future growth.
At max, the third-generation Mustang never exceeded 225 horsepower, and it wouldn’t be until 1985 that the vehicle achieved 175 horsepower.
The power gap for the Mustang lasted until 1986, when the Fox Body began to undergo changes from the Special Vehicle Operations (SVO) team at Ford.
Pre-1986 V-8 cars had feedback carburetors with tamper-proof settings.
When 1987 arrived, it brought a stunning redesign that featured Ford's aero-themed styling, with flush headlights and a new interior.
While most LX cars had the 88-hp, 2.3-liter engine, Ford made a stealthy LX 5.0 that combined the V-8's 225 hp (205 hp after 1988) with the LX's tame looks.
In 1988 Mustang purchased the Spring Valley gas processing plant and gathering system east of Enid, Oklahoma.
Sales began to decline after 1989, and with a new Mustang in the wings, changes were minor.
In 1990 Eagle Gas Marketing Company was formed to begin trading natural gas to take advantage of deregulation in the industry.
In 1992 E. Carey Joullian IV was named President of Mustang Fuel Corporation and the company refocused on the core business of natural gas exploration and production, gas gathering and processing, and gas marketing.
Released in 1994, the fourth generation Mustang was leagues more powerful than any Mustang produced in the Fairmont Fox body era, and more efficient.
Ford surveys showed that Mustang fans wanted more recognizable Mustang cues, so the 1994 Mustang's jellybean shape was augmented with first-gen styling nods and plenty of prancing horses.
In 1996, Ford replaced the 4.9 with the "modular" 4.6-liter OHC V-8.
The 1999 SVT Cobra was the first Mustang to feature an independent rear suspension.
Ford facelifted the Mustang in 1999 with the company's "New Edge" styling motif.
Chevrolet discontinued the Camaro in 2002, leaving the Mustang in a class of one.
Ford’s response to rising oil prices wasn’t just to release a more efficient (and absurdly more powerful) car, which they did in 2004.
The 2005 Mustang debuted with a squared-off shape that payed proper homage to the first-generation Mustang.
The re-association of Shelby and the Mustang started with the 2006 Shelby GT-H, a 325-hp version designed expressly for Hertz Rent-A-Car.
The real deal came in the form of the 2007 Shelby GT500, which had a 5.4-liter V-8 supercharged for a staggering 500 hp.
The fifth-generation Mustang got a facelift in 2010, just in time to greet the new Camaro.
Ford updated the Mustang in 2010, and the 2010 Shelby GT500 gained an additional 40 horsepower.
DEARBORN, Mich., March 4 /PRNewswire-FirstCall/ — The 2011 Ford Mustang today breaks new ground, cracking the record books as not only the most fuel-efficient Mustang ever, but also the first production car in history to produce more than 300 horsepower and more than 30 mpg highway.
The new 2011 Mustang goes on sale this spring and will be built at the AutoAlliance International Plant in Flat Rock, Mich.
Clearly, no one knew that oil prices would fall dramatically after 2012, but Ford predicted that it was time for a more efficient, more powerful lineup of engines.
The 2012 Boss 302 upped the power to 444, while the Boss 302 Laguna Seca edition was a proper track-ready car.
For 2013, the GT500 went haywire on horsepower with 663, enough to give it a claimed top speed of 200 mph.
Which Mustang is the fastest? Ford claimed a 200-mph top speed for the 662-hp 2013 Shelby GT500, though it would take a lot of road to reach that speed.
The new 2015 Mustang brought about a new round of Shelby cars.
In 2015 Mustang celebrated our 65th anniversary, another outstanding achievement.
In 2017 Mustang Gas Products announced a multi-year $65 million capital program to increase capacity, efficiency, and reach of its midstream assets.
In the summer of 2018, Ford built the 10 millionth Mustang.
The car won several accolades, including a spot on the 2020 Automobile All-Stars list.
In 2020, Ford launched the most powerful factory Mustang yet, the new GT500, with a supercharged 5.2-liter V-8 that turned out an unbelievable 760 hp.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| DCP Midstream | 2005 | $366.2M | 2,650 | - |
| Comstock Resources | 1919 | $1.3B | 113 | - |
| Southwestern Energy | 1929 | $6.5B | 938 | - |
| Genesis Energy | 1996 | $3.0B | 860 | 11 |
| Barrett Resources | 1996 | $27.0M | 200 | - |
| Blueknight Energy Partners | 2007 | $115.4M | 130 | 7 |
| Royale Energy | 1986 | $1.6M | 10 | 53 |
| Chaparral Energy | 1988 | $236.3M | 100 | - |
| Devon Energy | 1971 | $15.9B | 1,400 | 52 |
| Parsley Energy | 2008 | $2.0B | 496 | - |
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Mustang Fuel may also be known as or be related to Mustang Fuel, Mustang Fuel Corp and Mustang Fuel Corp.