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Before his death in 1933, Yount, his business partners and associates, had built the company into one of the largest and most successful independent oil operators in the country. Within two years, on July 31, 1935, the stockholders sold Yount-Lee Oil
Company for $ 46.2 million to Houston attorney,
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Yount went on to acquire mineral rights in several of the Gulf Coast's major fields. He also built the infrastructure necessary to ship his company's oil to destinations around the world from his headquarters in
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91:, Talbot Frederick Rothwell, John Henry Phelan, Beeman Ewell Strong, Frank E. Thomas, and Maximilian Theodore Schlicher.
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and sparking a second
Spindletop oil boom. Subsequent successes made the company the largest Gulf Coast producer in 1927.
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oil field in southeast Texas had not been tapped out, so he set about acquiring large tracts of land in the area.
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63:, founded in 1914, was the successor to the Yount-Rothwell Oil Company which had been formed earlier by
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In 1925, the company's No. 2 McFaddin well struck oil at about 2,500 feet, producing 1500
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Black Gold to
Bluegrass: From the Oil Fields of Texas to Spindletop Farm of Kentucky
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With a new fusion of capital provided by T. P. Lee, Yount was confident that the
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Yount headed up the new enterprise, and counted among his partners:
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Non-renewable resource companies disestablished in 1935
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Non-renewable resource companies established in 1914
67:and Talbot Frederick Rothwell. It was part of the
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150:. Austin: University of Texas Press. p. 128.
121:, who immediately began to parcel off the assets.
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187:Defunct oil companies of the United States
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222:Energy companies disestablished in 1935
148:Oil in Texas, The Gusher Age, 1895-1945
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7:
202:Energy companies established in 1914
169:McKinley, Fred B., and Greg Riley.
146:Olien, Diana; Olien, Roger (2002).
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192:Defunct companies based in Texas
232:1935 disestablishments in Texas
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237:1935 mergers and acquisitions
227:1914 establishments in Texas
173:. Austin: Eakin Press, 2005.
35:; 110 years ago
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25:Yount-Rothwell Oil Company
89:Emerson Francis Woodward
125:Oil, later a part of
119:Wright Francis Morrow
85:William Ellsworth Lee
61:Yount-Lee Oil Company
17:Yount-Lee Oil Company
65:Miles Franklin Yount
52:Miles Franklin Yount
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197:Petroleum in Texas
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81:Thomas Peter Lee
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69:Texas Oil Boom
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22:Predecessor
181:Categories
157:0292760566
133:References
96:Spindletop
123:Stanolind
71:period.
75:History
48:Founder
38: (
30:Founded
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217:Amoco
127:Amoco
152:ISBN
103:BOPD
59:The
40:1914
33:1914
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