Marland Oil Company and CONOCO
The main office was in Ponca City and the company stayed in operation until 1917 when it was sold for cash and stock in the Marland Oil Company, later (January 3, 1921), incorporated in Delaware to acquire through an exchange of stock control of the Marland Refining Co. and Kay County Gas Co. Name changed to Continental Oil Company June 26, 1929, at which time it acquired for a consideration of 2,317,266 shares of stock, the assets (subject to liabilities) of Continental Oil Company, a Maine corporation, founded in 1875 as the Continental Oil and Transportation Company, based in Ogden, Utah, originally a coal, oil, kerosene, grease and candles distributor in the West.
Read more about this topic: 101 Ranch Oil Company
Famous quotes containing the words oil and/or company:
“Eat what you can get.
Where’s the salt
in this dump of a village?
And, Lucky Man,
what’s the use
of a salty thing
if there’s no oil in it?”
—Hla Stavhana (c. 50 A.D.)
“If it were not for the company of fools, a witty man would often be greatly at a loss.”
—François, Duc De La Rochefoucauld (1613–1680)