During this time, the company also became involved in international marketing, making a barter deal with Germany of oil for steel drill pipe and exporting oil to Japan through a California trading company. The line, with a 200,000-barrel-per-day capacity, was completed in December 1987, whereupon Hunt Oil made the first oil shipments out of the country after an investment of more than $600 million. In 1992, the company was ranked 35th out of the 469 U.S. companies (public, private, or subsidiaries) engaged in crude petroleum and gas production, and was the fourth largest private petroleum company. Hunt Consolidated Company History Timeline. Hunt achieved historic success in November 1930 at age 41 when, together with a partner, Pete Lake, he bought 5,000 acres in East Texas belonging to wildcatter Columbus "Dad" Joiner, shortly after a single-well oil discovery of which big oil companies were skeptical. A representative of the Sabine Corporation, a small Dallas-based oil company, was seeking a buyer for its 15 percent stake in a British North Sea exploration led by Mesa Petroleum for a price of $50,000. By 1980, Hunt Oil's leases overseas had reached 21.9 million acres, including interests in Australia, Portugal, and South Korea. Breaking News. Hunt Consolidated, Inc. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. Hunt Consolidated, Inc. is the flagship entity of the entire Ray L. Hunt family of companies, a privately owned group of entities based in Dallas, Texas. Hunt Consolidated, Inc. Chris Kleinert is CEO and president of Hunt Consolidated Investments, LLC, and co-CEO of its holding company, Hunt Consolidated, Inc. Following the war, Hunt Oil was able to maintain high output through expanded operations. At the end of 1937, Hunt Oil moved its headquarters to downtown Dallas. Hunter L. Hunt is an American heir and businessman. St. James Press, 1999. The areas of activity of the different Hunt companies include oil and gas exploration and production, refining, LNG, power, real estate, investments, ranching and infrastructure. First, it was large enough to finance its own exploration operations without help from the larger oil corporations. As a privately held company, Hunt is able to evaluate changing circumstances and adapt to them. In 1985, Exxon bought a 49 percent share in a venture to build a refinery and a pipeline, while a consortium of South Korean companies purchased another 24.5 percent share. Because of these variations, budgeting and forecasting had always been the … LinkedIn (214) 978-8000 Hunt Oil Company is one of the largest privately held companies in the United States operating both domestically and internationally. He serves as the chairman and chief executive officer of Hunt Consolidated Energy. Hunt Consolidated headquarters in Dallas, Texas . Its original investment was returned many times over. By 1998 Hunt Oil had moved to 25th in the rankings, and still remained the fourth largest private petroleum firm. Although previous attempts at foreign ventures had been made, it was not until 1976 that Hunt Oil got involved in foreign exploration. The following year, Hunt Oil began construction on a $300 million, 263-mile pipeline from the Alif Field refinery to the port of Hodeida on the Red Sea, across three mountain ranges and through territory controlled by sometimes unruly tribes. With oil prices rising in the late 1970s the value of this holding grew to more than $500 million. Hunt. In 1981 Hunt Oil received a production-sharing contract from the government of North Yemen to drill for oil within a 5,000-square-mile concession. Hunt Oil and PanCanadian Petroleum Ltd. formed a partnership in 1994 to explore for natural gas on the Port au Port Peninsula in western Newfoundland. 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