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Richfield Oil Corporation was an American petroleum company based in California from 1905 to 1966. In 1966, it merged with Atlantic Refining Company to form the Atlantic Richfield Company (later renamed ARCO).
The merger of the two oil companies took place in January 1966, forming Atlantic Richfield Company. Two years later, the biggest oil discovery in the Western Hemisphere was made in Prudhoe Bay, Alaska, with Atlantic Richfield the biggest federal leaseholder in the state.
6 days ago · The Atlantic Richfield Company was created in 1966 by the merger of Richfield Oil Corporation and Atlantic Refining Company. Atlantic Refining, whose predecessor firms date back to the 1850s, was incorporated in 1870 and, after 1892, became one of the eastern companies of the Standard Oil Trust.
Sep 5, 2021 · Atlantic and Richfield merged to form Atlantic-Richfield (ARCO) in 1966. ARCO in turn bought Sinclair in 1969. In 1968, British Petroleum entered the US by buying Ohio Standard (and later buying ARCO and Indiana Standard, which had been renamed Amoco after its primary brand).
- Kenai Peninsula/Cook Inlet
- Prudhoe Bay
- Kuparuk
- Alpine/Npr-A
- Exploration
Richfield Oil Co., a predecessor of ARCO, which was later acquired by Phillips Petroleum Co., was involved in the early discoveries of oil and gas on Alaska’s Kenai Peninsula and in Cook Inlet. Richfield drilled the first well at Swanson River in July 1957 and struck oil. Alaska’s first governor, Bill Egan, later credited Swanson River with providi...
On the North Slope, a different story was being played out. In 1966, ARCO almost gave up on its leases after drilling a number of dry holes. But their last effort, the Prudhoe Bay StateNo. 1 well, struck oil and gas in April 1967. The completion of a second well in March 1968 confirmed the discovery of the super-giant Prudhoe Bay Field, the largest...
ConocoPhillips also owns 94.5 percent of North America’s second-largest oil field, the Kuparuk River Field. The field, located 40 miles west of Prudhoe Bay, was discovered in 1969 by Sinclair Oil Corp., acquired that year by ARCO. ConocoPhillips operates the field and continues to develop it.
In March 2000 Phillips Petroleum purchased ARCO Alaska’s assets for $7 billion. Two years later, in August 2002, Conoco Inc. merged with Phillips Petroleum to form ConocoPhillips – and ConocoPhillips Alaska became Alaska’s largest oil and gas producer. The company’s newest field is in the Colville River Unit, also known as Alpine, located 34 miles ...
ConocoPhillips is one of the largest holders of federal and state leases in Alaska, with significant interests in National Petroleum Reserve Alaska (NPR-A), and other undeveloped acreage on the North Slope. In all, ConocoPhillips has drilled more than 58 exploration wells since 2000, including 28 in NPRA. Significant oil exploration and development...
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
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6 days ago · Standard Oil, U.S. company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the United States. It originated in Cleveland, Ohio.
