In 1978 Lipscomb Oil Company began operations when Jim Lipscomb took ownership in a small Exxon petroleum products wholesale distributorship headquartered in Greenville, Mississippi. This operation consisted of Jim, two fuel delivery two axle Bob Trucks, two drivers and a part time office assistant. The company sold bulk fuels, package lubricant products, tires, batteries and automotive accessories. Bulk fuels and other products were distributed mostly to small country store accounts in Washington, Bolivar and Sunflower counties in Mississippi.