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Last Update

2006-07-25T00:00:00.000Z

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Background Information

Employment History

Chief Executive Officer

Somerset Refinery

President and Owner

Somerset Refinery

President and Chairman

Somerset Refinery

President

Somerset Oil Inc

Co-owner, President and Chairman

Somerset Oil Inc

Manager for the Arranging Contracts for Energy-Related Products

Norranda Corporation

Sales Engineer for the Johnson Division

Universal Oil

Affiliations

Board Member
Tennessee Oil & Gas Association

Board Member
Kentucky Oil & Gas Association

Education

Master's Degree

Structural Geology

University of Tennessee

Web References (28 Total References)


WHAS11.com | News for Louisville, Kentucky | Statewide News

www.whas11.com [cached]

"We want to make sure they come home to their families .... and spend a little time in Kentucky," said Frank Lynch, president of Somerset Refinery Inc. and honorary chairman of the local fund-raising effort.

Supporters throughout the state had raised about $18,000 of the total on Friday.


The Commonwealth Journal

www.somerset-kentucky.com [cached]

Frank Lynch, president/owner of Somerset Refinery, ties the gas price problem directly to issues of supply and demand and terrorism. Supply and demand is "strictly the main issue" when it comes to fluctuating prices, he said.He also said gas prices are "based on the world marketplace" and the many factors which affect it. He further attributed the problem to "interference by terrorists," referring to the destruction of oil pipelines and other terrorist activities. He said some countries which are allies to the U.S. are facing oil shortages."They can't seem to buy it." Lynch also said political issues in Venezuela, which has one of the world's largest refineries, is affecting the world's oil market. To drill, or not? In line with general oil industry opinion, Lynch contends that opening up more domestic oil sources is the way to go.


Tennessee Oil and Gas Association

www.tennoil.com [cached]

Board member Frank Lynch and Roy Shirley, former owners of the Somerset refinery, also briefed the directors as to the status of the refinery.

...
If they are successful, Lynch says they have several buyers, standing by, with the financial capability and expertise to deal with the existing debt, upgrade the refinery, bring in additional crude and put the refinery back in operation.


Officer and Directors - Tennessee Oil and Gas Association

www.tennoil.com [cached]

Frank Lynch


KnoxNews: Local

www.knoxvillenews.com [cached]

"No one expected oil prices to do what they've done," said Frank Lynch, president of Somerset Oil in this southern Kentucky town 80 miles south of Lexington."With the high-dollar crude, all of a sudden we were thrown into the big game."

Somerset Oil had gone about its business almost unnoticed for decades.That changed last year when crude jumped beyond $20 a barrel and kept on rising.
Now Lynch said he expects the supply of crude from local wells to his refinery to increase from 2,800 barrels to 5,500 barrels within the next month and to 7,500 by the end of March.

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