 | |
| Industry | Petroleum |
|---|---|
| Founded | 10 July 1925 |
| Founder | James R. Lowery |
| Defunct | 30 September 2002 |
| Fate | Acquired by Anderson Exploration |
| Headquarters | Home Oil Tower, 324 8 Ave SW, Calgary, Alberta |
Home Oil Company Limited was a Canadian independent petroleum company that existed from 1925 and 1995. Home was founded to produce oil in the Turner Valley field, and by the end of World War II was the country's largest independent producer.[1] Between 1952 and 1972, Home was controlled by Robert A. Brown Jr., who pursued an aggressive and high-risk strategy. From 1979 and 1991 Home Oil operated as a wholly-owned subsidiary, first of the Consumers' Gas Company, then of Hiram Walker, and lastly of the Interprovincial Pipe Line Company. On 1 May 1991, Home Oil regained its independent status, which it retained for the duration of its existence. In 1995, Anderson Exploration acquired Home for C$879 million.[2] After Devon Energy acquired Anderson in 2001, Home was finally struck off in September 2002.