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In 1904, Alexander Massey, owner of Spurlock Petroleum Company, hired Tom Slick, who already had acquired a reputation as a good "lease man" to assist him in buying up oil leases. Massey already had a string of successes drilling in Kansas, finding either oil or gas in 25 consecutive wildcat wells.
When Kenneth died in 1960, Helen liquidated their companies by selling them to Gulf Oil. She kept their various oil and gas leases in Kansas, Oklahoma, and Texas. In 1972 she decided to finally sell the oil and gas leases to Rex D. Archer, an employee that Kenneth had hired in 1955 to find these leases.
He then began selling lumber for derricks in the oil fields of southeastern Kansas. On the side, he started speculating in oil leases. [2] The opportunity in the rapidly expanding oil industry saw him become a lease broker and acquire an interest in the White Oil Company. In 1904, Sinclair married Elizabeth Farrell of Independence, Kansas.
In September 2020, Trump used presidential power from the Outer Continental Shelf Lands Act to ban oil and gas leasing in the Atlantic Ocean off of North Carolina from 2022 to 2032, as well as to ...
The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...
In 1922 the well was completed as a gas well, but there was little demand for natural gas in the area and it was years before another gas well was drilled in the field. [ 3 ] In 1927, gas was discovered at the Independent Oil and Gas Company's Crawford No. 1, [ 4 ] [ 2 ] about 2,600 feet (790 meters) below the surface southwest of Hugoton ...
Monday's lawsuit in the U.S. District Court in Alaska challenges the federal government's December 2024 decision to offer oil and gas drilling leases in an area known as the coastal plain with ...
The Kanotex Refining Company (reporting mark: KOTX), a regional oil refinery and gasoline distributor, began operation in Caney, Kansas, in 1909, [1] a successor to the Superior Refining Company. The company's logo was a Kansas sunflower behind a five-point star; [ 2 ] the Kan-O-Tex name referred to Kansas , Oklahoma and Texas as the states in ...