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Dome Petroleum Limited was a
Upon his death, Gallagher was recognized as a masterful lobbyist and a pioneering, if controversial, figure in the history of Canadian energy development.
William E. Richards, 1974–1983
John M. Beddome, 1983–1988
John E. P. Gallagher, 1974–1983
J. Howard Macdonald, 1983–1988
Calgary
Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...
-based oil and gas company. Founded in 1950 as a subsidiary of the Toronto company Dome Mines Limited, Dome was built by Jack Gallagher, who remained with the company until 1983. In 1988 Dome was purchased by Amoco
Amoco () is a brand of fuel stations operating in the United States, and owned by BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, a ...
.
History
Jack Gallagher joined a group of investors in Dome Exploration (Western) Ltd. in 1950 and built it into the major Canadian oil company Dome Petroleum Limited (to which it was renamed in 1958). Gallagher was the sole employee for the first two years. However, James McCrea, who was instrumental in building Dome Mines into one of the giants of the Canadian mining industry, is credited with originally creating Dome Exploration (Western) Ltd. Charles Dunkley was Dome's third employee and became Dome's Senior Vice President and Jack's management partner. "Charlie" had a reserved management style and the pair worked well together especially in the early days when they ran a tight management ship. Dome grew by making acquisitions in the energy industry, notably the 1981 acquisition of a 52.9% interest ofHudson's Bay Oil and Gas Company
Hudson's Bay Oil and Gas Company Limited was a Canadian non-integrated petroleum company that operated between 1926 and 1982. Originally called the Hudson's Bay Marland Oil Company (HBMOC), it was founded as a joint venture between the Hudson's Ba ...
(HBOG) through its wholly owned subsidiary, Dome Energy Limited. Dome was active mainly in Western Canada, the Beaufort Sea and the Arctic islands. The company developed serious problems as a result of the 1986 drop in world oil prices and substantial debts from past takeovers. In November 1987, after months of negotiation, an agreement in principle was reached that led to Amoco
Amoco () is a brand of fuel stations operating in the United States, and owned by BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, a ...
Canada Petroleum Co Ltd buying Dome for $5.5 billion. This purchase was completed 1 September 1988.
Upon his death, Gallagher was recognized as a masterful lobbyist and a pioneering, if controversial, figure in the history of Canadian energy development.
Leadership
President
John E. P. Gallagher, 1950–1974William E. Richards, 1974–1983
John M. Beddome, 1983–1988
Chairman of the Board
Clifford W. Michel, 1950–1974John E. P. Gallagher, 1974–1983
J. Howard Macdonald, 1983–1988
References
*''Prisoners of Debt: Inside the Global Banking Crisis''. Directed by Robert Collison and Peter Raymont. National Film Board, 1983. *Foster, Peter. ''Other People's Money: The Banks, the Government and Dome''. Don Mills: Harper Collins, 1983. *Lyon, Jim. ''Dome: The Rise and Fall of the House that Jack Built''. Toronto: MacMillan, 1983. Amoco Companies based in Calgary Companies disestablished in 1988 Defunct energy companies of Canada Non-renewable resource companies established in 1950 Defunct companies of Canada Defunct oil and gas companies of Canada Defunct oil companies History of Alberta History of Calgary Oil and gas companies Oil companies of Canada 1950 establishments in Alberta 1988 mergers and acquisitions 1988 disestablishments in Alberta