Taylor Energy
Encyclopedia
Taylor Energy is an independent American
oil company that drills in the Gulf of Mexico
based in New Orleans, Louisiana
. The company was founded in 1979 by Patrick F. Taylor
. Since his death in 2004, his wife Phyllis Taylor has assumed ownership and is the chairman and CEO — making her the wealthiest woman in Louisiana. Taylor has been actively supporting the reconstruction of New Orleans since its destruction during Hurricane Katrina
.
The company's founder, Patrick Taylor
, grew up in Beaumont, Texas
, was kicked out of his home by his father, and attended Louisiana State University
under a free tuition program. He married Phyllis Miller in 1965, who had grown up in Abbeville, Louisiana
and had been one of the first women to graduate from Tulane Law School.
After achieving success, Taylor became a champion for free college education. He achieved some press in 1988 for promising a group of 183 middle school students that he would provide for their college education if they could maintain their grades; the follow-through was later covered on 60 Minutes
.
He would also join with Texas State Senator Royce West
in 1998 to form what is now known as the TEXAS Grant program ¹, which pays for college tuition and fees for students from low and middle-income families.
Circa February 1, 2008, Taylor Energy Company, one of the largest privately owned oil and gas companies operating in the Gulf of Mexico, has agreed to sell all its energy assets to a joint venture between Korea National Oil Corporation
and Samsung C&T Corporation
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
oil company that drills in the Gulf of Mexico
Gulf of Mexico
The Gulf of Mexico is a partially landlocked ocean basin largely surrounded by the North American continent and the island of Cuba. It is bounded on the northeast, north and northwest by the Gulf Coast of the United States, on the southwest and south by Mexico, and on the southeast by Cuba. In...
based in New Orleans, Louisiana
New Orleans, Louisiana
New Orleans is a major United States port and the largest city and metropolitan area in the state of Louisiana. The New Orleans metropolitan area has a population of 1,235,650 as of 2009, the 46th largest in the USA. The New Orleans – Metairie – Bogalusa combined statistical area has a population...
. The company was founded in 1979 by Patrick F. Taylor
Patrick F. Taylor
Patrick F. Taylor was an American businessman, who was founder and CEO of the independent oil company Taylor Energy Company....
. Since his death in 2004, his wife Phyllis Taylor has assumed ownership and is the chairman and CEO — making her the wealthiest woman in Louisiana. Taylor has been actively supporting the reconstruction of New Orleans since its destruction during Hurricane Katrina
Hurricane Katrina
Hurricane Katrina of the 2005 Atlantic hurricane season was a powerful Atlantic hurricane. It is the costliest natural disaster, as well as one of the five deadliest hurricanes, in the history of the United States. Among recorded Atlantic hurricanes, it was the sixth strongest overall...
.
The company's founder, Patrick Taylor
Patrick Taylor
Patrick or Pat Taylor may refer to:* Patrick Taylor , an Irish-Canadian author and doctor* Patrick F. Taylor, founder of Taylor Energy* Patrick Gordon Taylor, author and aviator...
, grew up in Beaumont, Texas
Beaumont, Texas
Beaumont is a city in and county seat of Jefferson County, Texas, United States, within the Beaumont–Port Arthur Metropolitan Statistical Area. The city's population was 118,296 at the 2010 census. With Port Arthur and Orange, it forms the Golden Triangle, a major industrial area on the...
, was kicked out of his home by his father, and attended Louisiana State University
Louisiana State University
Louisiana State University and Agricultural and Mechanical College, most often referred to as Louisiana State University, or LSU, is a public coeducational university located in Baton Rouge, Louisiana. The University was founded in 1853 in what is now known as Pineville, Louisiana, under the name...
under a free tuition program. He married Phyllis Miller in 1965, who had grown up in Abbeville, Louisiana
Abbeville, Louisiana
Abbeville is a town in and the parish seat of Vermilion Parish, Louisiana, United States, 150 miles west of New Orleans. The population was 12,257 at the 2010 census...
and had been one of the first women to graduate from Tulane Law School.
After achieving success, Taylor became a champion for free college education. He achieved some press in 1988 for promising a group of 183 middle school students that he would provide for their college education if they could maintain their grades; the follow-through was later covered on 60 Minutes
60 Minutes
60 Minutes is an American television news magazine, which has run on CBS since 1968. The program was created by producer Don Hewitt who set it apart by using a unique style of reporter-centered investigation....
.
He would also join with Texas State Senator Royce West
Royce West
Royce Barry West is a Democratic African American member of the Texas Senate representing the Dallas-based 23rd District.-2004:-2002:-References:Royce Barry West...
in 1998 to form what is now known as the TEXAS Grant program ¹, which pays for college tuition and fees for students from low and middle-income families.
Circa February 1, 2008, Taylor Energy Company, one of the largest privately owned oil and gas companies operating in the Gulf of Mexico, has agreed to sell all its energy assets to a joint venture between Korea National Oil Corporation
Korea National Oil Corporation
Korea National Oil Corporation is the national oil and gas company of South Korea and one of the most important industrial companies in the country...
and Samsung C&T Corporation
Samsung C&T Corporation
Samsung C&T Corporation , established in 1938, is the origin of Samsung Group and currently consists of Engineering & Construction Group and Trading & Investment Group...
.