Byron Jackson Co.
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Product Details
Beautifully engraved antique stock certificate from the Byron Jackson Co. dating back to the 1930's. This document, which features the printed signatures of the company President and Secretary, was printed by the Jeffries Bank Note Company and measures approximately 11 1/2" (w) by 7 3/4" (h).
The vignette features a female allegorical figure flanked by farming and industrial scenes.
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Historical Context
This company was founded in 1872, by the firm's namesake - Byron Jackson. The firm designed and manufactured pumps and other equipment for miners and farmers, including the Jackson Feeder, a major labor-saving device.
In 1879, the company moved to San Francisco, where, as the Byron Jackson Machine Works, it manufactured prototypes of both deep-well turbine and submersible pumps. The growing business had one major setback in 1906, when San Francisco's great earthquake and fire destroyed the plant, but Jackson rebuilt his factory, and before his retirement in 1913, he helped design and engineer a new fire prevention and protection system for San Francisco. The system included the first use of fire trucks and fire boats equipped with efficient, high-pressure centrifugal pumps.
Other companies that would figure in the early history of Byron Jackson were the Independent Torpedo Company of Findlay, Ohio, and the Dunn Manufacturing Company of Oxnard, California. Independent Torpedo was formed in 1905, with a primary aim of "shooting" wells with explosives to induce fracturing in oil reservoirs. Dunn, in 1911, began marketing a new type of casing wrench, an early version of tongs, a major oil-field device. Expansion followed, particularly in the case of Independent Torpedo, which began servicing oil fields of the southwest from its plant in DeLeon, Texas, which opened in 1917. In 1928, Independent merged with the Eastern Torpedo Company.
In 1929, at the start of the Great Depression, the company established the Byron Jackson Oil Tool Division after acquiring the Dunn Manufacturing Company and some other, smaller companies engaged in manufacturing oil-field tools. It also purchased the Pacific Cementing Company and commenced servicing drilling operations in the Los Angeles Basin in southern California. Three years later, in 1932, it put the Chemical Process Company in operation in Breckenridge, Texas, where it specialized in oil-well acidizing. Then, in 1938, with new oil-field strikes in the Mid-Continent and Permian Basin regions, Byron Jackson built a new manufacturing plant in Houston, its future home base. Two years later, amidst World War II, it also entered into an arrangement with Baker Oil Tools, Schlumberger, and Dowell to provide joint oil-field cementing services under the conglomerate name International Cementers Inc.
In 1945, Byron Jackson developed the first practical air-powered drilling device, the BJ Power Slip, and in the following year jointly developed a prototype jet-shaped charge, making it the first to jet perforate concrete casings for oil wells. It also developed the PL-7 pump truck, a cementing unit with a 10,000 psi capacity. In 1948, BJ introduced a new system for handling drill pipe, ultimately to become the Type V Pipe Racking System, which is still widely used in the industry.
The company's innovations led to success and inevitable expansion. In 1951, Byron Jackson acquired International Cementing. Then, in 1956, it became a subsidiary of Borg-Warner, one of the largest and most innovative industrial complexes in the country. In that same year, Byron Jackson purchased the Chemical Process Company, which earlier had merged with the Eastern/Independent Torpedo Company. The move strengthened Byron Jackson's role in fracturing and acidizing services, and opened up new markets, both domestic and foreign.
Byron Jackson's reputation also strengthened as it expanded. The company created 40 service districts to service all the major oil fields in the United States and also established overseas operations in over 20 countries, notably in Canada, Argentina, and Australia.
Clearly, Byron Jackson had become a leading oil-field service company, noted for its development of new technologies and equipment. In 1959, Phillips Petroleum used tools developed by Byron Jackson to drill a well in Pecos, Texas, to over 25,000 feet, at the time the deepest drilled well in the world. In 1962, the company introduced the Pacemaker, a triplex pump that became the prototype for compact pumping skids, which, by 1967, were being used on offshore rigs and various remote locations. These light weight skids could be broken down quickly for transport by helicopter, then reassembled at inaccessible sites for both cementing and drilling services.
Other important innovations followed. During 1967 and 1968, the company introduced new systems, both for handling mud and automatically controlling its density as well as creating cement slurry additives and verifying cement blends. It also developed the BJ Subsea Cementing Plug System, making offshore cementing both more efficient and safer.
After the oil boom of the early 1970s, there was a long cooling off in the petroleum industry that reached a nadir in the mid-1980s. During that time, the company went through some restructuring and name changes. First, in 1974, Hughes Tool Company purchased the concern, changing its name to Byron Jackson-Hughes Inc. A decade later, in 1985, a subsidiary of Dresser Industries named Titan Services formed a partnership with Hughes, using the name Byron Jackson Titan Services, but the partnership dissolved in 1989. That breakup allowed the company to evolve into an independent corporation, BJ Services, formed on May 13, 1990. In July of that same year, the company went public. It became totally independent of Hughes by 1991, when Baker Hughes Inc. sold all its remaining interest in the company.
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.