Aetna Petroleum Corporation
There have been many oil companies named Aetna over the years.
In Delaware on July 29, 1920, Aetna Petroleum Corporation was created from the merger of several existing smaller oil companies in Texas: Republic Oil & Refining; Ranger Central Oil & Refining; Eastland Oil & Refining; Ocean Oil & Refining; King 8 Oil; and M. P. Burk Oil.
Shares of the old companies were exchanged for Aetna Petroleum which began operations with about 30 producing wells and daily output of 1,400 to 2,500 barrels – a portion of which was contracted for sale at $3.85 per barrel. (more…)
