Kerr-McGee
Defunct American energy company
Kerr-McGee Corporation
| Type | Public |
|---|---|
| Traded as | NYSE: KMG |
| Founded | 1929 |
| Key people | Dean A. McGee, Robert S. Kerr |
| Industry | Energy |
| Products | Oil, Natural gas, Uranium, Titanium dioxide |
Kerr-McGee Corporation was an American energy company involved in oil exploration, natural gas production, and the mining of uranium and titanium dioxide. The company was founded in 1929 and was headquartered in Oklahoma City, Oklahoma. It was acquired by Anadarko Petroleum in 2006.
History[edit | edit source]
Kerr-McGee was founded by Robert S. Kerr and Dean A. McGee in 1929. Initially, the company focused on oil exploration and production. Over the years, it expanded its operations to include natural gas and uranium mining. The company played a significant role in the development of the energy industry in the United States.
Oil and Gas Operations[edit | edit source]
Kerr-McGee was a pioneer in offshore oil drilling. The company drilled the first successful offshore oil well out of sight of land in the Gulf of Mexico in 1947. This achievement marked a significant milestone in the history of offshore drilling.
Uranium Mining[edit | edit source]
In addition to its oil and gas operations, Kerr-McGee was involved in the mining of uranium. The company operated several uranium mines in the United States, contributing to the country's nuclear energy program.
Titanium Dioxide Production[edit | edit source]
Kerr-McGee also produced titanium dioxide, a white pigment used in various products, including paint, plastics, and paper. The company's titanium dioxide operations were eventually spun off into a separate entity known as Tronox.
Acquisition by Anadarko Petroleum[edit | edit source]
In 2006, Kerr-McGee was acquired by Anadarko Petroleum for $16.4 billion. The acquisition marked the end of Kerr-McGee as an independent company, but its legacy continues through Anadarko's operations.
Environmental and Legal Issues[edit | edit source]
Kerr-McGee faced several environmental and legal challenges over the years. The company was involved in numerous lawsuits related to pollution and environmental contamination. One of the most notable cases was the Karen Silkwood case, which brought significant attention to the company's safety practices and environmental impact.
Legacy[edit | edit source]
Despite its controversies, Kerr-McGee made significant contributions to the energy sector and played a crucial role in the development of offshore drilling technology. The company's innovations and achievements continue to influence the industry today.
See also[edit | edit source]
References[edit | edit source]
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- Defunct oil companies of the United States
- Defunct natural gas companies of the United States
- Defunct mining companies of the United States
- Companies based in Oklahoma City
- Energy companies established in 1929
- Non-renewable resource companies disestablished in 2006
- 2006 mergers and acquisitions
- All stub articles
- Energy company stubs
Contributors: Prab R. Tumpati, MD
