by Bruce Wells | Apr 3, 2015 | Petroleum Companies
The future looked bright for three Chicago businessmen who formed an oil company that discovered a Kansas oilfield in 1922. But greed and litigation would ultimately cast a shadow across their venture into the petroleum industry.
Barrington Oil Company was incorporated July 15, 1921, by R.O. Farrell, H.M. Cassidy and B.F. Brubaker. Offices were initially located at 1404 Harris Trust building in Chicago, and the business was capitalized at $100,000. The company reportedly acquired mineral leases on more than 10,000 acres near producing wells the Sallyards, Virgil, and Rosalia oilfields in Kansas. (more…)
by Bruce Wells | Jul 27, 2013 | Petroleum Companies
American Controlled Oilfields was incorporated in Maryland January 10, 1925, ”to contract for lands, maintain claims, oil wells, gas wells, oil lands and other real property.” It joined many other oil exploration companies seeking investors to fund drilling.
Incorporated by Camille Weidenfeld, Robert O. Deyer and Enos Curtain with offices in the Calvert Building in Baltimore, the company was capitalized at $12.5 million and assigned a stock par value as $5.
Stock certificate for American Controlled Oilfields Inc. Like many small oil exploration companies, stockholders and investors were ask to fund drilling near proven oilfields.
American Controlled Oilfields, Inc., eventually owned acreage in Louisiana (De Soto and Sabine parishes) and Kansas (Anderson County). (more…)
