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Deals, Deals, and More Deals: The Life of John W. Nichols |
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Written by Administrator
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Thursday, 28 August 2008 03:57 |
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By Bob Burke and Gini Moore Campbell, Oklahoma Heritage Association, 2004, in print, $26.95.
Review: In 1950, John W. Nichols created the world's first public oil and gas drilling fund registered with the Securities & Exchange Commission. The novel idea, which attracted some of the nations wealthiest investors, changed the way drilling programs were funded. As a young CPA, Nichols had become intrigued with the petroleum industry and how he could legally shelter income of Americans who were being gouged by high tax rates.
Nichols' poineering efforts in financing oil and gas operations had a dramatic, worldwide impact on the energy industry. For his efforts, Nichols has been called one of the 100 most influential individuals in petroleum history.
Nichols' creation, Devon Energy Corporation, is now a $21 billion company and the nation's largest oil and natural gas company, producing four percent of the natural gas used in America.
This is the story of an exceptional innovator, shrewd entrepreneur, generous philanthropist, devoted father, loving husband, and a man of deep religious faith who always played by the rules and lived the American dream.
- S.J. Parker, Amazon.com, June 17, 2006
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Last Updated on Sunday, 22 November 2009 03:53 |
OKC History Books