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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). [1] A Richfield service station located in Tucson, Arizona, July 1939.
1957: Richfield is the first to discover oil in Alaska. 1966: Atlantic Refining and Richfield merge to form the Atlantic Richfield Company. 1977: The Alaskan pipeline opens with Atlantic Richfield as 21 percent owner. 1989: Net income reaches a record high of $1.95 billion.
6 days ago · Atlantic Richfield Company (ARCO), former American petroleum corporation that was headquartered in Los Angeles and was bought in 2000 by the giant BP Amoco (later BP PLC). 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 ...
- 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...
The company's first purchase, Atlantic Richfield Canada, was made in 1976 for C$342 million. Assets acquired from Atlantic Richfield included both producing and undeveloped oil and gas properties in western Canada, natural gas-processing facilities, undeveloped oil and gas properties in the Arctic, and an additional interest in oil-sands leases.
Richfield Oil Corporation, a former brand of filling station in the western United States that merged to form the Atlantic Richfield Company (ARCO)
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6 days ago · Standard Oil Company was incorporated in Ohio in 1870, but the company’s origins date to 1863, when John D. Rockefeller joined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refining business. Rockefeller bought out Clark in 1865, and Henry M. Flagler became a partner in the venture in 1867. The firm of Rockefeller, Andrews ...
