Biggest independent oil company of Texas

[Jabari Lamar]

That's a very good point, Jabari. And again, we see this in real life all the time. If Punk Anderson owns a successful company, you know it's successful because of Punk. So if you bought him out, you'd ask him to stay on as president. Often, you'd make that a condition of buying his company.

Which is a pretty good compliment, by the way.

Right, I also just remembered that J.R.'s feud with Jeremy Wendell began in the first place because when Jock and Miss Ellie separated, J.R. panicked and thought Jock would end up losing Ewing Oil in the divorce, so he ran to Wendell and prematurely made a deal where Westar would buy Ewing Oil, but allow J.R. to run it as a subsidiary of Westar.

 

[retrosonic]

Right, I also just remembered that J.R.'s feud with Jeremy Wendell began in the first place because when Jock and Miss Ellie separated, J.R. panicked and thought Jock would end up losing Ewing Oil in the divorce, so he ran to Wendell and prematurely made a deal where Westar would buy Ewing Oil, but allow J.R. to run it as a subsidiary of Westar.

Which was strange writing because subsidiary or not, JR would have to answer to the slimy Wendell. Plus, JR would know that at some point, Westar would fold Ewing into the big picture and the Ewing name would cease to exist. Neither is something JR would ever have stood for.

 

[lbf522]

Yes JR selling Ewing Oil into Westar did lack logic. I like corporate stories but the revolving CEO job is hard to take. I mean I can't imagine that any company would last with that constant upheaval.

 

[Billy Wall]

Yes JR selling Ewing Oil into Westar did lack logic. I like corporate stories but the revolving CEO job is hard to take. I mean I can't imagine that any company would last with that constant upheaval.

Wasn’t Michelle the president of Ewing Oil at one point? SMH

 

[lbf522]

Everyone seemed to owned Ewing Oil at some point. I hated the Barbara Eden storyline that was awful.

 

[Lastkidpicked]

Yes JR selling Ewing Oil into Westar did lack logic. I like corporate stories but the revolving CEO job is hard to take. I mean I can't imagine that any company would last with that constant upheaval.

Wasn’t Michelle the president of Ewing Oil at one point? SMH

You both make very good points.
It is amazing how often we STILL see this in real life.

Around Texas, there are lots of big companies that were started in the 1970's. So the owners of the companies are 80 years old or even older. You would be surprised how often one of these guys passes away and it is discovered there is no succession plan. None!

So what happens is the owner's wife inherits the company. But she's also 80 years old and has no interest in running a company. So she asks her son in law to take over. Of course, he's in over his head so they call in another friend of the family to try running the show. And this is how we start the revolving door.

 

[Snarky Oracle!]

You both make very good points.
It is amazing how often we STILL see this in real life.

Around Texas, there are lots of big companies that were started in the 1970's. So the owners of the companies are 80 years old or even older. You would be surprised how often one of these guys passes away and it is discovered there is no succession plan. None!

So what happens is the owner's wife inherits the company. But she's also 80 years old and has no interest in running a company. So she asks her son in law to take over. Of course, he's in over his head so they call in another friend of the family to try running the show. And this is how we start the revolving door.

That's exactly what happened to the family that owned the original Box Ranch version of Southfork.

 

[rkhullar]

Weststar was too small to be one of the large oil companies in the 90s. The company was one of the top major oil companies but it wasn't anywhere near the size of Exxon and the major seven sisters so let's get that straight from the beginning. The company was so weak that actually it couldn't take on all the independents. Combine the wealth of Cliff Barnes Jr Ewing everybody it still wouldn't have been enough to top Exxon or mobile or any of the others but it would have been enough to take over Weststar. Think about what I'm telling you here. When Jr tried to take over the company 70% of the stock was held by just a handful of investors. A company like that is destined to become an independent if someone is serious about putting that kind of money in there and that's exactly what happened in 1998 if you watch more of the ewings Jr took the whole thing over. He now was the soul owner of westar and he ripped Bobby about westar being the largest independent in Texas. So I contend that the 200 million dollars of westar stock he got from Jock share to John Ross that's not enough to take over a real major Oil company in 1998. But it was enough to take over something like westar because westar in the process of trying to go after the independents lost a lot of its resources. You bully someone long enough you're likely to become bullied yourself and run to the ground and that's exactly what happened to that company. Jr took it over and he never let go.

 

[rkhullar]

By the way if you Google you will find there is a real Ewing oil in Maryland of all places. It was founded by Caleb Ewing in 1965 as a heating oil company. Also there is a real life WestStar Oil and gas company that is an independent owned by someone in Enid Oklahoma. WestStar exploration went broke that was an independent in Houston