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Placid Refining Company
Placid Refining Company is an independent entity producing transportation fuels within the petroleum refining sector. It produces conventional and ethanol...
Placid Refining Company
Placid Refining Company is an independent entity producing transportation fuels within the petroleum refining sector. It produces conventional and ethanol blended gasoline, ultra-low sulfur diesel, biodiesel blends, and Jet-A aviation fuel. The company serves independent retailers, jobbers, and the US military in Louisiana, where it is based and was founded in 1975.
General information
Firm type
Pension Fund
Year founded
1975
Location
Region
North America
Country
United States
City
Port Allen
Corporate office
Port Allen, LA, United States
Additional offices
Baton Rouge, LA
Principals
Robert Beadle
President
Sector focus
Frequently asked questions
Who runs investment and operational decisions at Placid Refining?
President Robert Beadle leads the company, overseeing refinery operations and corporate strategy from the Baton Rouge-area headquarters. Historically, the executive team included long-tenured leaders such as former CEO Dan Tatum. The governance structure reflects a corporate operating company rather than an investment committee model.
Is Placid Refining still connected to the Hunt family?
Placid Refining traces its lineage to Placid Oil Company, founded by H.L. Hunt. The refinery was acquired by its current ownership structure and now operates as a stand-alone private company. No family members are publicly identified in current executive roles; governance appears professionalized and corporate.
What assets does Placid Refining own beyond the Port Allen refinery?
The firm holds the 75,000-barrel-per-day refinery with Mississippi River deep-water access, crude and refined product logistics assets including tankage and pipeline connections, and commercial real estate in Baton Rouge. It operates a Cessna 560XL Citation Excel for executive transport. The portfolio is industrial and operational, not financial-investment oriented.
What is Placid Refining's posture on external co-investments or partnerships?
Placid operates as an independent industrial company — not as a fund or family office that takes outside capital. Its capital deployment is internal: refinery turnarounds, crude procurement, and logistics infrastructure. There is no public record of the firm co-investing alongside external general partners or participating in fund structures.
How does Placid Refining participate in the Gulf Coast fuel market?
Its Port Allen refinery processes light sweet and medium sour crudes delivered by barge and pipeline, with refined products — gasoline, diesel, jet fuel, petrochemical feedstocks — moving into the Colonial and Plantation pipeline systems. This places Placid within the integrated Gulf Coast wholesale fuel-distribution network, selling to rack marketers and bulk end-users.
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