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Book Chapter

Benton Oil and Gas Company—The Accidental International

By
Alexander E. Benton
Alexander E. Benton
Benton Oil and Gas Company Carpentaria, California, U.S.A.
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Published:
January 01, 2000

Abstract

Benton Oil and Gas Company originally started out with Alex Benton’s vision to become a niche domestic player. It would raise capital from California investors to drill prospects primarily on California leases, selling natural gas to the statewide utility company and other California markets. It would maintain low-profile offices near the old Ventura oil and gas fields that were important to the industry earlier in the century. It would maintain a corporate open door policy, so that its statewide investors could feel free to visit the home office at any time. The company would staff itself with cross-trained field development geologists from Shell and geophysicists from Amoco, because in Alex’s opinion those training and talent development programs had produced the best practical and applied specialists in the industry. The company obtained initial financing from, and for a couple of years operated as, a wholly owned subsidiary of an industry partner who was intrigued by such a niche opportunity; however, it was not long before the management felt like it needed more autonomy and capital to stretch its entrepreneurial wings. And stretch them it did. Within 18 months, Benton would be involved in two international projects that would become the driving force of its growth.

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Contents

International Oil and Gas Ventures: A Business Perspective

George E. Kronman
George E. Kronman
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Don B. Felio
Don B. Felio
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Thomas E. O’Connor
Thomas E. O’Connor
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Mindy S. Kronman
Mindy S. Kronman
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American Association of Petroleum Geologists
ISBN electronic:
9781629810683
Publication date:
January 01, 2000

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