Curtis Mewbourne, Texas oil firm founder, dies at 86

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June 23 (Reuters) – Curtis Mewbourne, founding father of one of many largest carefully held oil firms in the USA, died on Thursday at age 86.

His firm, Mewbourne Oil Co., operates greater than 2,100 oil and fuel wells in Texas, New Mexico and Oklahoma, with a workers of about 400 folks, in accordance its web site.

Mewbourne based the corporate in 1965 and expanded it through the years into one of the crucial lively drillers within the Delaware portion of Permian, the highest U.S. shale subject. The Tyler, Texas-based firm has lengthy been seen a prized acquisition due to its holdings there.

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“Few people have had the chance to realize the extent of success,” stated Todd Staples, president of commerce affiliation the Texas Oil and Fuel Affiliation. Mewbourne demonstrated a “drive for excellence in all his endeavors and his ardour was contagious,” Staples stated.

Mewbourne graduated from Oklahoma College with a level in petroleum engineering. For his contributions through the years, the varsity granted him an Honorary Physician of Humane Letters diploma, and in 2007 named the Mewbourne Faculty of Earth & Vitality for him.

After commencement in 1957, Mewbourne spent a quick interval as an officer within the U.S. Military and went on to hitch the First Nationwide Financial institution in Dallas, Texas, earlier than beginning Mewbourne Oil.

He died at his residence in Tyler surrounded by his spouse Joanne and relations. A memorial service is deliberate for Monday, following a personal burial, in keeping with the Stewart Household Funeral Residence.

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Reporting by Gary McWilliams; Enhancing by Stephen Coates

Our Requirements: The Thomson Reuters Belief Ideas.

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