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without a competitive bid (an egregious violation of his fiduciary duties) and had paid for the properties with his personal unsecured note. However, the family chose to honor the purchase. By the end of 1927 this property was making $ 1 million a month. He was then one of the seven richest men in the nation, having reported taxable income among the top seven individuals reporting in 1927. This ranked him with
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In 1927 the
Pennsylvania Orphans Court removed Wentz as trustee of the J. G. McCaskey Trust that benefited McCaskey's five orphaned children. The court had discovered that since the trust could not fund the oil properties' development, Wentz had purchased the oil and gas properties from the estate
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In 1924, after McCaskey's death, Wentz bought out his partners of the McCaskey Wentz
Corporation and formed the Wentz Oil Corporation and began to seriously develop the Three Sands fields. The McKee lease in the sands was one of the best producers in north central Oklahoma.
219:(originally known as Lakeside, now renamed Lew Wentz Memorial Golf Course) for Ponca City. He established a boys and girls camp (Wentz Camp) in Ponca City and a wild game sanctuary near Ponca City. All of these facilities remain in operation to this day.
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at these colleges. Shortly before his death on June 9, 1949, he acquired a number of Texas oil leases. Upon his death he left an estate worth $ 50 million and each of the colleges received additional millions from the Wentz foundation.
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Through his association with the 101 Ranch Oil
Company Wentz became interested in the oil business and in a few years, with money provided by McCaskey and another partner, Joseph M. Weaver, Wentz began gathering lease land in Northwest
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and
Project Awards at four Oklahoma colleges/universities under the nomenclature the Lew Wentz Foundation. When Wentz sold his oil interests just before the 1929 crash he increased his support for
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Wentz was too poor for college and started out in 1909 by organizing a semi-professional baseball team, the old Oneida Base Ball Club, that was organized in an effort to build a better team than
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160:. He was present on June 11, 1911 when that company's first oil well "Wilie-Cries-For-War" came in. Shortly thereafter, McCaskey gave Wentz a chance to join the
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Wentz organized and provided funding for the
Oklahoma Crippled Children's Society. He built a public Olympic size
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The
Company's leases covered a wide range around Ponca City. Early strikes were at the Mervien Oil Field east of
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Lew Wentz never married. His residence was primarily a suite at the Arcade Hotel in Ponca City, OK.
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In 1911, Wentz at the age of 34, was sent to Ponca City, to check on McCaskey's investments with the
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243:"Kay County Oklahoma", Published by Kay County Gas Co. Ponca City, Oklahoma. 1919. pp. 38–43.
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257:"CONOCO The First One Hundred Years", CONOCO, Dell Publishing Company (1975)
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History of E. W. Marland, Willie-Cries-For-War, W. F. McFadden, Lew Wentz
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business and had recently become an investor and
President of the
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96:Lewis Haines Wentz, (Lew Wentz) born in
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340:American people of German descent
335:People from Ponca City, Oklahoma
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281: (archived June 18, 2004)
275:Louis Haines Wentz biography
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290:Press report Wentz Funeral
150:Miller Brothers 101 Ranch
134:Miller Brothers 101 Ranch
35:Lewis Haines Wentz @ 1920
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207:Philanthropic activities
106:Pittsburgh, Pennsylvania
16:American oil businessman
330:People from Tama, Iowa
164:as Company Secretary.
162:101 Ranch Oil Company
158:101 Ranch Oil Company
144:Oil business ventures
130:101 Ranch Oil Company
138:Ponca City, Oklahoma
73:Ponca City, Oklahoma
82:Lewis Haines Wentz
114:Pittsburgh Pirates
23:Lewis Haines Wentz
263:978-0-04-404809-1
197:J. D. Rockefeller
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325:1949 deaths
320:1877 births
295:Three Sands
217:golf course
314:Categories
238:References
193:Henry Ford
170:Kay County
126:sauerkraut
98:Tama, Iowa
92:Early life
55:Tama, Iowa
47:1877-11-10
305:101 Ranch
285:judgement
102:Oklahoma
277:at the
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