Marland Oil Company was an American integrated petroleum company that existed from 1921 to 1929. The company was founded by Ernest Whitworth Marland (1874–1941) and was based in Ponca City, Oklahoma.
Originally operating in Oklahoma, Marland Oil Co. expanded its operations to Texas, Colorado, California, Mexico, and even Central and South America.[1] In 1929 Marland Oil merged with the Continental Oil Company ("Conoco") by purchasing it, retaining the name "Continental Oil".
History
The company was founded in 1917, by E. W. Marland, Ponca City, Oklahoma oil exploration pioneer, when he assembled his various holdings including the 101 Ranch Oil Company into one unit. By 1920 it is estimated that Marland and his partners controlled 10% of the world's oil production (the equivalent of Saudi Arabia in 2006) and that Marland was worth (equivalent to about $ billion in ).[2]
On January 3, 1921, Marland incorporated the "Marland Oil Company" in Delaware to acquire through an exchange of stock control of the Marland Refining Corp. and Kay County Gas Co.[3]