CLINT MURCHISON SR.

JFK Assassination
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Dealey Joe
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CLINT MURCHISON SR.

Post by Dealey Joe »

Clint Murchison Sr., born in 1895, was the son of a banker, John Weldon Murchison, owner of the First National Bank of Athens, Texas. Murchison’s instinctive mastery of banking and lending practices translated easily into an understanding of the new business of oil and gas exploration. Murchison is widely credited as the most financially sophisticated of the early oilmen. Murchison was instrumental in the initiation of a number of financial innovations in the oil fields, reportedly including the novel concept of reserve based financing. By 1919, Clint Murchison Sr., at the age of 24, along with his childhood friend Sid Richardson, founder of the Bass family fortune, had both become millionaires trading in oil leases in one of the early Texas boomtowns, Burkburnett, Texas.A NEW BREED OF OILMENClint Murchison Sr., a new breed of oilmen, put his faith in science and technology. Murchison hired talented geologists, engineers and scientists and began to find oil in significant commercial quantities at a time when other oilmen depended on luck. Through the early 1920s Murchison hit strike after strike. With the expertise of his technical team, he soon added a side business that drilled for other oilmen called “contract drilling.” By 1925 when he turned 30, Murchison’s net worth was estimated to be in excess of $5 million, a fortune in that day and age.By 1927, Murchison came up with a new concept. Murchison built a pipeline to offer heating and light to local customers. Natural gas had been used to heat homes and factories in England for over a century, but had never caught on in the United States. Murchison sent salesmen fanning out across Texas and soon had contracts to supply a number of cities in Texas. Murchison expanded his operations outside of Texas.EXPANSION THROUGH DIFFICULT TIMESIn 1929, Murchison officially merged his far flung gas operations into a single gas pipeline company, Southern Union Gas Company. Murchison would build and finance the pipelines. Through the worst months of the Great Depression, Murchison continued to sign up new customers for Southern Union, and barely 2 years after its founding he was servicing 43 cities in 6 states.Murchison’s knowledge of banking combined with his understanding of the oil and gas industry in the United States spared him from the hardship of the Great Depression and put the foundation in place for amassing a great family fortune. During his remaining career, Murchison expanded his operations into real estate development, railroads, and banking, but he never abandoned the base he had created in oil and gas exploration and production. He is credited with pioneering the development of the San Juan Basin in the 1950s, one of the most prolific producing hydrocarbon basins in the United States
kenmurray
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Re: CLINT MURCHISON SR.

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by kenmurray » Mon Feb 14, 2011 7:45 am The Clint Murchison meeting:http://johnmccarthy90066.tripod.com/id849.html
Christian Hansen
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Re: CLINT MURCHISON SR.

Post by Christian Hansen »

how deep were Clint Murchison Jr. involved in the JFK assasination if he were involved at all were Clint Murchison Sr. involved too
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