Hunt Oil history

In 1981 Hunt Oil received a production-sharing contract from the government of North Yemen to drill for oil within a 5,000-square-mile concession.

In 1984, with what was called the “rankest wildcat” the company ever drilled, the Alif No.

In 1985, Exxon bought a 49 percent share in a venture to build a refinery and a pipeline, while a consortium of South Korean companies purchased another 24.5 percent share.

In response to Hunt Oil's rapidly expanding oil exploration activities, a reorganization of the company was announced in July 1986.

The line, with a 200,000-barrel-per-day capacity, was completed in December 1987, whereupon Hunt Oil made the first oil shipments out of the country after an investment of more than $600 million.

Sales of shares allowed Hunt to recover almost all of its investment costs by early 1988.

Under Ray Hunt, Hunt Oil increased its annual revenue by 300 percent to $750 million by 1990.

Elsewhere in South America, Hunt Oil obtained exploration rights to property in Guyana in 1991 after a Canadian competitor actually found oil but withdrew, believing the jungle site lacked commercial potential.

In 1992, the company was ranked 35th out of the 469 United States companies (public, private, or subsidiaries) engaged in crude petroleum and gas production, and was the fourth largest private petroleum company.

Hunt Oil and PanCanadian Petroleum Ltd. formed a partnership in 1994 to explore for natural gas on the Port au Port Peninsula in western Newfoundland.

Hunt Investment Group was founded in 1996.

In December 1998, Yemeni men from the Jahm tribe sabotaged one of the major pipelines operated by Hunt Oil in Yemen.

The project began in 2000, when Peru's government awarded Hunt Oil Company and its partners the contract to develop the upstream portion of one of South America's largest natural gas resources, the Camisea field.

In 2003, Hunt Refining Company acquired Mississippi asphalt refining assets from Southland Oil Company.

In December 2006, the PERU LNG project was officially launched.

Sharyland Utilities celebrated the completion of the company's first Direct Current (DC) Tie between the United States and the Republic of Mexico on October 10, 2007.

His eldest children, the late Margaret and H.L. Hunt III, sold his Hunt Petroleum to XTO Energy in 2008 for $4.2 billion in cash and stock.

A new four-star restaurant opened at the top of the tower in 2009.

The bridge opened on January 11, 2010, and allows traffic between Mexico and the United States At 3.4 miles, this is the longest bridge to connect the two countries.

Prior to 2011, Hunt Refining Company accessed crude oil primarily via the United States Gulf Coast.

The existing rail facilities at the Sandersville refinery were upgraded to receive Canadian crude deliveries in 2012.

But the biggest news came when the renovated observation deck and an additional restaurant opened on October 5, 2013.

On September 29, 2014, Ray Hunt announced a change to Hunt Consolidated's organizational structure, naming Hunter Hunt and Chris Kleinert co-presidents of Hunt Consolidated, Inc.

In early 2015, InfaREIT became publicly traded and is currently listed on the New York Stock Exchange under the symbol "HIFR."