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Mack C. Chase
American petroleum businessman (1931–2023) From Wikipedia, the free encyclopedia
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Mack C. Chase (April 29, 1931 – October 2, 2023) was an American oil and natural gas businessman, who made his fortune in the oilfields of the Permian Basin in Texas and New Mexico.[1]
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Early life
Mack C. Chase was born in Texas on April 29, 1931, the fourth of eight children of Edgar and Marie Chase.[2][3] He started work in the oil industry at age 14, and after graduating from Artesia High School in 1950, went to work for Nash, Winfor and Brown.[3] He served in the US Army from 1951 to 1953 as an A&E mechanic during the Korean War.[2][3]
Career
Chase worked on oilwells with his father and brother George, before starting his own business in 1968.[1]
In 1979, he went into partnership with John R. Gray and started the pumping services company Marbob Energy, before expanding into drilling, but they split soon after 1991.[1] Chase started Mack Energy, which in 2007 sold much of its property to Concho Resources.[1]
At the time of his death in 2023, Chase was still active in oil and owned ex Chase Farms and Deerhorn Aviation.[1] As of June 2017, Chase was the richest person in New Mexico.[1]
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Personal life and death
In 1953, Chase, aged 22, married Marilyn Yvonne Stack, who was 18. They have three children, Robert, Richard and Gerene.[3][1] She died in 2016, shortly after their 63rd wedding anniversary.[4] He lived in Artesia, New Mexico.[1]
Chase died in Artesia on October 2, 2023, at the age of 92.[5][6]
References
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