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Kerr-McGee Corporation

$6.00

SKU: 2350
Product Details

Nicely engraved antique bond certificate from the Kerr-McGee Corporation dating back to the 1970's. This document, which contains the printed signatures of the company Chairman of the Board and Secretary, was printed by the Security-Columbian Bank Note Company, and measures approximately 12" (w) by 8" (h).

 

This certificate's vignette features a male figure holding the company's logo. He is surrounded by a variety of items, including an atom, globe, pipeline and industrial equipment.

The images presented are representative of the piece(s) you will receive. When representative images are presented for one of our offerings, you will receive a certificate in similar condition as the one pictured; however dating, denomination, certificate number and issuance details may vary.
    Historical Context

    The company later known as Kerr-McGee was founded in 1929 as Anderson & Kerr Drilling Company by Oklahoma businessman-politician Robert S. Kerr (1896-1963) and oil driller James L. Anderson. When Dean A. McGee (1904-1989), a former chief geologist for Phillips Petroleum, joined the firm in 1946, it changed its name to Kerr-McGee Oil Industries, Incorporated. The company initially focused mostly on off-shore oil exploration and production, being one of the first companies to use drillships in the Gulf of Mexico, and later one of the first companies to use a Spar type platform in the area.

    With the acquisition of the Oryx Energy Company of Dallas, Texas in 1999, Kerr-McGee gained more onshore assets, as well as significant assets in several foreign areas, most notably Algeria and western Kazakhstan. Later acquisitions of HS Resources and Westport Resources Corp. established the base of operations in Denver, Colorado and added large resource areas throughout the Rocky Mountains.

    Until 2005, Kerr-McGee had two major divisions: chemical and oil-related. On November 21, 2005, the chemical division of the company, based in Oklahoma City, was sold off by IPO as Tronox, thereby making Oklahoma City home to the administrative side of Kerr-McGee, while all exploration and production management was located in Denver and Houston.

    On June 23, 2006, Anadarko Petroleum Corporation, based in The Woodlands, Texas, purchased Kerr-McGee in an all-cash transaction totaling $16.5 billion plus the assumption of $2.6 billion in debt. Kerr-McGee shareholders approved the offer on August 10, 2006 and Kerr-McGee ceased to exist as an independent entity. All operations with the exception of Tronox which was spun off as a separate company in 2005 moved out of Oklahoma. Within a few years, the top positions at Anadarko had been filled by Kerr-McGee employees and many long-time Anadarko employees had left or been removed from the company, effecting a de facto name change for Kerr-McGee.