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Texas Refinery company history timeline

1923

1, discovery well of the Big Lake Field, blew in on May 28, 1923, in Reagan County.

The 1923 discovery, Santa Rita No.

1925

In 1925, Howard County was opened for production.

1926

In 1926 it formed the Texas Corporation in Delaware, which then bought out the stock of the Texas Company and reorganized it as a subsidiary called the Texas Company of Delaware.

1928

Sugar Land was the most important Texas oil development in 1928.

1929

The Darst Creek Field in Guadalupe County was opened in 1929.

1930

The East Texas field, biggest of them all, was discovered near Turnertown and Joinerville, Rusk County, by veteran wildcatter C. M. (Dad) Joiner in October 1930.

1932

Texaco Fire Chief Gasoline was launched in 1932 and the company advertised it by sponsoring a nationwide Ed Wynn radio program.

1938

In 1938 the Texas Corporation introduced Texaco Sky Chief premium gasoline and also began promoting its Registered Rest Rooms program, assuring motorists that their service stations were "Clean across the Country."

1940

Texas' population scales, heavily weighted toward the rural before Spindletop, started to balance, and by 1940, the population was almost even: 55 percent rural and 45 percent urban.

1941

The Texas Corporation acted as a holding company for the Texas Company of Delaware and the Texas Company of California—formerly the California Petroleum Company—until 1941, when it merged with both to form a single company known as the Texas Company.

1942

In 1942, DeGolyer rescued the Saturday Review, the greatly respected national literary magazine, from a serious financial crisis.

1945

Albert and Mamie George established the George Foundation in 1945 to direct their contributions in similar fields in their home county of Fort Bend.

1947

In 1947 United States consumption of oil exceeded its production for the first time; the company reacted by tapping new foreign sources for its crude oil.

Also founded in 1947 was the Sid W. Richardson Foundation.

1948

21, 1948, was the first of several major developments in that region.

1951

Through the Don and Sybil Harrington Foundation, founded in 1951, they generously gave to hospitals and health-care agencies, cultural programs, higher education, youth agencies, social services and civic affairs.

1959

In 1959 the Texas Company changed its name to Texaco Inc., formally taking on its longtime nickname.

1961

The most public of the foundation's responsibilities is the Amon Carter Museum of Western Art, which opened in 1961.

The 7,800-acre refuge, formally dedicated in 1961, is eight miles northeast of Sinton in San Patricio County.

1980

• Berry, Margaret C., The University of Texas: A Pictorial Account of Its First Century; University of Texas Press, Austin and London, 1980.

1984

The income was further split in 1984, when the legislature voted to include all the institutions in the University of Texas System, not just the main university at Austin, and the entire Texas A&M University System.

1990

The Santa Rita continued to produce oil until it was finally plugged in 1990.

1991

Ackerman, Laurence D. "Texaco: One Brand, Many Markets." Management Review, September 1991.

1992

White Plains, NY: Texaco Inc., 1992.

1997

The investment fund at the end of fiscal year 1997 totaled just under $15.5 billion.

1998

As of August 31, 1998, the market value of the PUF was more than $6.517 billion.

2004

2004 - Crown sells refinery to Astra, a Belgian trading company

2006

2006 - Petrobras acquires 50% of Pasadena Refining System, Inc. (PRSI) in a joint venture with Astra

2008

Astra held full ownership for two years and joint ownership for two more years before selling its stake to Petroleo Brasileiro S.A. (Petrobras) in 2008.

2019

Chevron United StatesA. Inc (Chevron) then acquired the refinery on May 1, 2019.

2022

"Texas Company ." Gale Encyclopedia of United States Economic History. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/texas-company

[Texas Company Refinery], photograph, Date Unknown; (https://texashistory.unt.edu/ark:/67531/metapth79145/: accessed July 12, 2022), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Port Arthur Public Library.

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Founded
1922
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