• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

USA Breaking News

Update latest USA news

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story

You are here: Home / Raymond Plank, former CEO of oil explorer Apache, dies at 96

Raymond Plank, former CEO of oil explorer Apache, dies at 96

November 9, 2018 reuters Leave a Comment

HOUSTON (Reuters) – Raymond Plank, who started oil and gas producer Apache Corp in 1954 with two friends and built the Houston-based company into a global energy company and financial innovator, died on Thursday in Wyoming at 96, his family said. Plank, a World War Two bomber pilot and graduate of Yale, began as a bookkeeper and tax advisor in Minneapolis helping wealthy investors with tax shelters in the oil and gas business. Plank’s son Roger said in an interview on Friday his father was picked to run one operation after warning investors they were being fleeced. The company financed its drilling program through individual partnerships, but Plank kept looking for ways to make the financing more permanent, Roger Plank said. By 1981, he found a law firm that helped fashion the first publicly-traded partnership, a financing method that has gained wide use. “He’d just noodle things until he could get them done,” said Roger Plank. The idea took off after Dow Chemical Co agreed in 1982 to sell Apache its U.S. oil exploration business for units in the partnership, he said. Plank also founded Ucross Foundation, an artist-in-residence program on a 22,000-acre ranch in Ucross, Wyoming, that also was stitched together from tax shelters, Roger Plank said. The ranch is best known as the place where Annie Proulx partly wrote her Pulitzer Prize-winning novel “The Shipping News.” Known for his colorful and sometimes profane descriptions of rivals, Plank would tell investors that Apache was best at exploiting assets that… [Read full story]



  • 5 Leadership Lessons from Elon Musk: Don’t Wing It
  • Petroteq Energy Appoints Seasoned Oil Exploration & Production Entrepreneur Frank Ingriselli to Advisory Board
  • Schlumberger, Baker Hughes cruise oil exploration 'upcycle'
  • Leaders at Texas Society of CPAs help pave the way for D CEO Oil and Gas Awards: North Texas to the Permian Basin
  • Oil Exploration Snapshot: Shell, Exxon Grab the Reins as Smaller Rivals Pull Back
  • Peak Oil Era: Why the Cost and Risk of Oil Exploration Will Keep Rising
  • Listening to workforce helps Newfield Exploration Co. advance
  • Oil industry falls out of love with Trump
  • Flames co-owner, billionaire oilman Clay Riddell dies at 81
  • Why The Next Oil Bonanza Could Be Deep Under Water

Uncategorized oil exploration, Ratio Oil Exploration, Oil exploration companies, hindustan oil exploration company, hindustan oil exploration, seismic oil exploration, seismic oil exploration jobs, gambia oil exploration, guyana oil exploration, Under Armour CEO Kevin Plank, apache oil, Apache Oil Company, Apache Oil Co, exploring for oil, exploration for oil and gas, 96 jeep cherokee oil type, 96 ford explorer, Oil and Gas Exploration, Oil and Gas Exploration and Production Company, US, PEOPLE, RAYPLANK, Texas, Company News, Crude Oil, Obituaries, Personalities / People, United States, Homepage

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Primary Sidebar

Categories

5 Star Super Show and article Articles business CBSN CBSN Live College Company News Crime Entertainment Facebook Football Gossip Health insider instagram Investigative Reporting life Lifestyle local Local News Metro Money More Sports Music Music & Stage National News News by Industry New York Opinion Pac 12 Hotline Politics Sports Stage & Arts Theater Topics Traffic TV & Movies U.S. View our Instagram photos Vintage New Orleans World Yankees

Recent Posts

  • Iconic Chanel fashion designer Karl Lagerfeld dies
  • BOMA speakers look beyond the boom
  • MJardin Announces Board and Management Update
  • Liberty Gold Announces Receipt Approval of Plan of Operations, Black Pine Project, Great Basin, USA
  • CBD –The Next Gold Rush Business. Secure It with the Next Generation Cannabis THC, CBD Testing Kits by TLC Lab Supply
  • Decorative arts, paintings, jewelry, Asian antiques, modern design and more will be in Bruneau & Co.’s March 2nd auction
  • Lerner And Rowe Gives Back 2019 Make-A-Wish Arizona’s Wishes in Bloom Ball Sponsorship Announcement
  • Real Estate Insider Shares Photo Secrets in New Book Release
  • The Upcoming Disaster for New York City Will Be the Largest Disaster Prophesied in the Bible’s Book of Revelation
  • Liquor license bill being reworked

Copyright © 2019 USA Breaking News. Power by Wordpress.