Retail Merchandiser - September/October 2012 - (Page 76)

Retail REGAL OIL INC. Fueling Progress Regal Oil’s service stations continue delivering convenient food products and high-quality gas in the booming region of West Texas. ith the shadow of high unemployment rates permeating news reports, it’s hard to imagine that there is an area of the country with more jobs than people to fill them. At least, that is the impression John Phillips, owner of Regal Oil Inc., has of the economic situation in the region. “It’s strange to see how high the unemployment rate is everywhere, and here in West Texas it’s hard to find employees,” Phillips says. Good employees are in short supply because of the area’s booming oil and windmill industries. “The problem we have down here is that the oil activity is picking up and people are going to work in the oil fields,” Phillips explains. The areas around San Angelo, Eldorado and Odessa, Texas, are experiencing an oil boom similar to the one in the Bakken area in North Dakota. Rising oil prices has justified the use of fracking techniques that can access oil and gas reservoirs that once were too difficult or expensive to extract. Phillips is not complaining. “All the drilling activity in West Texas in the last couple of years has been great for us,” he admits. “Drilling will help our wholesale business. We have some retail locations in the areas where they are drilling and we are poised to benefit from that.” The company is also benefiting from the installation of windmills to produce electricity. “This is windmill country nowadays,” he claims. “We are supplying diesel fuel to the contractors that are building the windmills, so it’s great business for us, too.” W Growing the Business Phillips has been in the oil business for most of his life, starting as an Exxon distributor in the ’50s. In 1981, when the owner of Regal Oil was getting ready to retire, Phillips offered to buy the service stations, eventually bringing in his son and son-in-law to help him run the business, making it a family affair. 76 September/October 2012

Table of Contents for the Digital Edition of Retail Merchandiser - September/October 2012

Retail Merchandiser - September/October 2012
Brand Licensing Europe
Showrooming Mushrooming
Pinch the Grinch
Category Insight
Upfront: BJ's Wholesale
Mind Candy
Outfit 7
Halfbrick Studios
Redasign Studio
Sony Pictures Consumer Products
Brentwood Licensing
Andrews McMeel Publishing
Chestnut Petroleum Distributors Inc.
The Hartley Co.
Mollie Stone’s Markets
Regal Oil
80Purple Cow Stores
Ocean State Job Lot
Staples Canada
Brookshire Grocery Co.
Wally’s Food Pride
Jewelry Television
Skin Science Labs Inc.
Great Clips
New & Noteable

Retail Merchandiser - September/October 2012