Ajax Oil Company
Ajax Oil Company was sued for debts in 1920.
Established soon after World War I, the Ajax Oil Company was among hundreds that rushed into Texas oil fields seeking a fortune from “black gold.”
The company was organized by members of the Sowell family in Dallas as a joint stock association on July 25, 1919. It was capitalized at $4,950,000 and offered both Class A and Class B shares.
Ajax Oil acquired leases in Texas, Oklahoma, and Louisiana including some in the Ranger oil field and the Burkburnett oil field. Production from these North Texas fields were making headlines worldwide. (more…)
