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A native of Athens in east Texas, Richardson attended Baylor University and Simmons College from 1910 to 1912. [2] With borrowed money, he and a business partner, Clint Murchison Sr., amassed $1 million in the oil business in 1919–1920, but then watched their fortunes wane with the oil market, until business again boomed in 1933.
The finds in North Texas, beginning with the 1917 strike in the Ranger Oil Boom west of Dallas-Fort Worth, were particularly significant, bringing substantial industrialization to the area and contributing to the war effort during World War I. [39] [40] Texas soon became dominant as the nation's leading oil producer. By 1940, Texas production ...
In 1980, she established the Burnett Oil Company, headquartered at the Burnett Plaza in Fort Worth, Texas. [2] [5] [11] The company operates in several states. [12] It is a member of the Fort Worth Chamber of Commerce, [13] and she served as its chairman of the board. [4] [5] In 1983 she was worth $150 million, and in 1989 this had risen to ...
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
Robert Muse Bass was born on 19 March 1948 in Fort Worth, Texas. His father, Perry Richardson Bass, was an investor, philanthropist and sailor. His mother, Nancy Lee Bass, was a philanthropist. He has three brothers: Lee Marshall Bass, Ed Bass, and Sid Bass. His uncle is Sid Richardson. [citation needed]
The Ariat Texas Rattlers will help kick off the Professional Bull Riders Team Series in Cheyenne, Wyoming, this week. The Fort Worth team will have a home stand at Dickies Arena Oct. 7 to 9.
The company was a first mover in long-lateral wells and 40+ stage completions, achieving an average of 2,800 barrels of oil equivalent per day by December 2011, when the company was sold to Statoil ASA (now Equinor) for $4.7 billion. [4]
Checks from Alaska's oil-wealth fund will begin going out to residents three months early, Gov. Mike Dunleavy said, citing economic hardships caused by the coronavirus. ... This year's check is ...