This Old Dog Is Still Hungry to Hunt
Among the largest privately held oil and gas companies today, few can claim witness to the Dust Bowl, fatal undoing of Bonnie and Clyde, and peak of the Great Depression. The year was 1934 when H.L. Hunt founded Hunt Oil after major discoveries in East Texas. Were he alive today, the oilman could surely pen a chronicle thick with world events and those of his own—and nine decades of a family-controlled enterprise which keeps hunting.
Reese Energy Consulting today is following the latest news from Hunt Oil whose epic story covers production of 100 MMBbls as oil demand soared during WWII; expanding offshore; developing LNG processing plants in Yemen and Peru; electrical power; and explorations in Romania and Kurdistan, later expanding into North Africa with new agreements in 2019 with the governments of Tunisia and Morocco.
Under the leadership of Hunter Hunt, the company continues its age-old instinct to bite where there’s hydrocarbons to recover and revive. In a new joint framework agreement with Baker Hughes, the two are gearing up to redevelop mature oil and gas basins worldwide in a collaboration that combines the strengths of Hunt’s entrepreneurial model and Baker Hughes’ technology.