by Bruce Wells | Sep 1, 2013 | Petroleum Companies
The Anglo-American Oil Company of Beaumont was one more than 400 speculative oil companies organized in the wake of the great discovery at Beaumont, Texas, on January 10,1901…on Spindletop Hill.
The well flowed an estimated 100,000 barrels of oil a day and changed America forever.
Thousands of investors rushed to southeastern Texas to capitalize on the petroleum boom – even as the region’s oil production skyrocketed, driving oil prices to new lows. (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…)
