Zapata Petroleum Corporation
Zapata Petroleum Corp. was an oil exploration company formed in West Texas in the early 1950s by a partnership of young entrepreneurs, including George H.W. Bush (later the 41st U.S. President), John Overbey, J. Hugh Liedtke, and his brother William (Bill) Liedtke.
The fledgling company formed the offshore exploration company Zapata Off-Shore Co. in 1954 with Bush as its president. The company split in 1959 into Zapata Petroleum headed by the Liedtke brothers and later to become a part of Pennzoil and Zapata Offshore headed by Bush. The offshore company’s name was changed to Zapata Corp. in 1982, and it was purchased by Arethusa (Offshore) Ltd. in the early 1990s.
Read more about this topic: Diamond Offshore Drilling
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