OKLAHOMA CITY (AP) — Lawmakers have unveiled a portrait of Oklahoma oil entrepreneur and Phillips Petroleum Co. founder Frank Phillips.
Phillips and his younger brother, L.E. Phillips, organized the Anchor Oil & Gas Co., which opened an office in Bartlesville in 1905. The company secured a driller and drilled its first wildcat well, the Holland No. 1. The men struck oil on June 23, 1905.
Phillips Petroleum was formed in 1917 with assets of $3 million, 27 employees and leases throughout Oklahoma and Kansas. Frank Phillips was the company's president until 1939 when he became its first chairman of the board, a position he held until he retired in 1949.
The painting by renowned Oklahoma artist Wayne Cooper was sponsored by Sen. John Ford, Reps. Earl Sears and Steve Martin, ConocoPhillips and Phillips 66.