The biggest oil company you never heard of

(before the Seven Sisters there was the Eight Elders)

Let’s jump in the DeLorean hit 88mph and go back 100 years.

In the 1920s we would find a man by the name of Edward Doheny.

He was a self made oil man having come to his wealth outside the tentacles of Standard Oil.

According to Yergin’s, The Prize, he was rumored to have killed a mountain lion with a knife.

Doheny and Harry Sinclair of Sinclair Oil were involved in the Teapot Dome scandal (HERE).

Two independent oil companies emerged to capture the commanding heights of the S. American oil economy.

They were Sir Weetman Pearson’s, Mexican Eagle (Sold to Royal Dutch Shell Group in ~1919 for $75mil.).

And Edward Doheny’s Pan American Petroleum & Transport.

I had forgotten about Pan-Am P&T until I started working on my piece on BP (HERE). More on that later.

In 1922, Doheny’s Pan-Am P&T would become the second largest producer in the world as evidenced below.

You’ve heard of the Seven Sisters. I call these the Eight Elders.

The “Eight Elders” Oil Production History