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The discovery of the Glenn Pool Oil Reserve in 1905 brought the first major oil pipelines into Oklahoma, and instigated the first large scale oil boom in the state. Located near what was—at the time—the small town of Tulsa, Oklahoma, the resultant establishment of the oil fields in the area contributed greatly to the early growth and success of the city, as Tulsa became the petroleum and ...
Oil discovered at Red Fork, near Tulsa, starting oil boom. [2] [6] George D. Blakey becomes the fourth mayor. [7] 1902 – Tulsa chartered as a city. [4] 1903 Telephone system sold to Indian Territory Telephone Company. Original 3-story Brady Hotel constructed. George Mowbray becomes Mayor of Tulsa (1903-4) [7] 1904 Tulsa annexed North Tulsa. [11]
Tulsa's primary employers are small and medium-sized businesses: there are 30 companies in Tulsa that employ more than 1,000 people locally, [102] and small businesses make up more than 80% of the city's companies. [103] During a national recession from 2001 to 2003, the city lost 28,000 jobs. [100]
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By the 1970s, however, the IPE's success, and Tulsa's role in the international oil industry, had both eroded: Tulsa's last IPE was held in 1979, [26] while Houston has become the most prominent hub of the oil industry in the United States. In more recent times, Tulsa's continued use of "oil capital of the world" is often characterized as ...
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WPX Energy, Inc. (Williams Production and Exploration) was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In 2021, the company merged with Devon Energy. All of the company's assets were in either the Williston Basin (42% of 2019 production) or the Permian Basin (58%
The Phoenix Companies, Inc., is a financial services company that traces its origins to 1851. Phoenix was acquired by Nassau Financial Group in 2016 and remains headquartered in Hartford, Connecticut , with 650 employees as of 2015.