History

The Globe Oil and Refining Company is incorporated under founder, I.A. O’Shaughnessy. 

Globe Refining Company constructs The Blackwell, Oklahoma Gasoline Refinery Plant. 

Lario Oil & Gas is incorporated as a sister company to Globe, supplying feedstock to Globe’s multiple refineries. That same year, Don Oil & Gas Company was created and later sold to Consolidated Gas Utilities Corp.

Lario drilled this gusher on the Wenrich lease in The Oxford Pool of Sumner County, Kansas. The well yielded Lario’s first oil production and marked its beginning as a successful oil prospecting company. The Wenrich lease is still producing today. 

Globe purchases Lemont Refinery in Chicago Illinois from The Lemont Refining Company.

Lario and Globe Grow throughout Oklahoma, Kansas, Illinois and Texas. 

During the height of The Great Depression, Globe built The McPherson Refinery in Kansas. Creating jobs at a time the Country desperately needed them. President Roosevelt appoints I.A. O’Shaughnessy to sit on the planning and coordinating committee under The 1933 National Recovery Act aimed at getting Americans back to work. 

I.A. O’Shaughnessy, Globe’s founder, sits on the U.S. Petroleum Industry War Council during World War II. Globe does its part for the war effort and operates certain refineries at a loss as a contribution to the war effort. 

Globe sells The McPherson Refinery to The National Cooperative Refinery Association (NCRA). 

Globe & Lario enter The Middle East (the neutral zone lying between Kuwait & Saudi Arabia) through the establishment of Aminoil (American independent oil company). Working with Getty Oil, Aminoil made major discoveries in the Kuwaiti concession, including the prolific Wafra Field, one of the largest ever discovered. 

Globe sells The Lemont, IL Refinery to The Pure Oil Company. 

Lario becomes an international company by entering Canada and establishing an office in Calgary. 

Lario opens a division office in Denver, Colorado and enters The Powder River and Williston Basin.

While continuing to develop conventional field, Lario begins to actively pursue “Resource Plays” in The Barnett, Fayetteville, Woodford, Floyd, and Niobrara Shales. 

Lario builds sizable acreage position in the Mountrail County ND Bakken Shale and participates in it’s first ND Bakken Well.

Lario pursues high rate of return in The “Core of the Core” Bakken Shale, Permian Horizontal Spraberry/Wolfcamp assets and Kansas Waterfloods. 

Lario acquired ~20,000 net acres, or over 100,000 net “effective acres” due to the number of highly economic stacked benches. 

Lario is running two horizontal rigs on newly acquired Midland Basin assets. 

Lario has participated in over 1,000 Bakken/Three Forks horizontal wells.