Search results
Richfield's history is dramatically and colorfully told by its former president, Charles S. Jones, in From the Rio Grande to the Arctic: the Story of the Richfield Oil Corporation. Jones delves into the earliest history of Richfield, whose predecessor, the Rio Grande Oil Company, was established by a store-owner in El Paso, Texas, in 1915.
The Richfield Oil Corporation was founded in 1905, [2] and opened its first automotive service station in Los Angeles in 1917. [3] After quick expansion, Richfield Oil Corp fell to the Great Depression and went into receivership in 1931.
6 days ago · Under chief executive officer Robert O. Anderson, the new Atlantic Richfield Company made the first discovery of oil in Alaska’s Prudhoe Bay in 1968, and it was one of the main developers of the Trans-Alaska Pipeline in 1975–77. A further merger in 1969 brought in the refining and petrochemical capacities of Sinclair Oil Corporation.
- 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...
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.
It first merged with Hondo Oil & Gas Company in 1962. Later, with former Hondo president Robert O. Anderson at the helm, Atlantic Refining continued its mergers and acquisitions. On a fishing trip with Richfield Oil Chairman Charles S. Jones, Robert O. Anderson, by then Chairman of Atlantic, arranged a merger to form the Atlantic Richfield ...
People also ask
When was Richfield Oil Corporation founded?
Who was the president of Atlantic Richfield?
When was the Atlantic Richfield Company founded?
Who bought Richfield Oil?
How much is Atlantic Richfield Company worth?
Why was Atlantic Richfield restructured?
Thus began Petro-Canada. Hopper started his association with the company as a vice president in 1976. Six months later, he was named president and chief executive officer. In 1979 he became chairman as well as CEO.
