Woodley Petroleum Company

Woodley Petroleum Company

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Woodley Petroleum Company

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Beautifully engraved SPECIMEN certificate from the Woodley Petroleum Company. This historic document has an ornate border around it with a vignette of an eagle with a shield. This item has the printed signatures of the Company’s President ( Jubal Richard Parten ) and Treasurer.
Certificate Vignette PARTEN, JUBAL RICHARD (1896-1992). Jubal Richard (Major, J. R.) Parten, businessman, political activist, philanthropist, and university regent, son of Wayne Lafayette and Ella May (Brooks) Parten, was born at Madisonville, Texas, on February 16, 1896, the sixth of eleven children of one of the pioneer families of Madison County. He spent his youth in Madisonville and graduated from Madisonville High School as valedictorian in 1913. From 1913 to 1917 he studied government and law at the University of Texas and participated in the intercollegiate debate program. After passing the state bar exam, Parten left school and entered the second United States Army Officers Training School at Leon Springs. After earning his initial commission as a captain and becoming an instructor in field artillery, he served tours of duty at Camp Stanley, Texas, and Camp Jackson, South Carolina. On December 15, 1917, Parten married Opal Woodley, a University of Texas student from Shamrock. He left the army in January 1919 with the rank of major. That same month he joined his father-in-law, Edward L. Woodley, to form the Woodley Company, an oil-well-drilling firm in Shreveport, Louisiana, that was reorganized and incorporated in 1922 as the Woodley Petroleum Company. As head of Woodley, Parten was a pioneer of the American oil industry. His company made the discovery wells at the Haynesville field in northern Louisiana and at the El Dorado field in southern Arkansas in 1922. Woodley moved its offices from Shreveport to Houston in 1935. It was active in Smackover, Arkansas, at the giant East Texas oilfield,qv and at fields in west central Texas, eastern New Mexico, and western Canada. In 1931 Parten and Sylvester Dayson of Longview formed the Centex Refining Company, which later became the Premier Refining Company. Premier operated refineries in Longview, Baird, and Fort Worth, Texas, as well as Cotton Valley, Louisiana.

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