Mecom acquired abandoned oil wells and made them profitable. He developed new fields from Louisiana to Saudi Arabia.
He was once ranked as one of the top oil independents; however, he filed for bankruptcy in 1970. After reorganizing his John W. Mecom Company, he reopened his company, which he subsequently operated with his son, John W. Mecom Jr., former owner of the New Orleans SaintsNFL football team.
On December 18, 1964, a C82 Packet owned by Mecom was shot down by the Egyptian air force, killing both pilot and co-pilot after failing to log a flight plan and failing to land at Alexandria after repeated requests. (see FAA report which blames Mecom's pilot). The incident strained U.S.-Egypt relations, Mecom being a friend and donor of U.S. PresidentLyndon B. Johnson.[1] The Egyptian government said that the plane was shot down by its MiG fighter jets after ignoring a repeated warning to land. Mecom was not on the plane which was on a routine trip to purchase drilling detergent for his oil business.[2]
In December 1965, Mecom offered to buy the Houston Chronicle, its building, the Rice Hotel and a 35 percent interest in Texas Commerce National Bank from Houston Endowment Inc. The offer included a down payment of one million dollars. However, Mecom was unable to raise the additional cash to complete the sale and canceled the transaction.[3]
john, mecom, john, whitfield, mecom, january, 1911, october, 1981, american, independent, oilman, john, whitfield, mecom, bornjanuary, 1911diedoctober, 1981, aged, houston, texas, usaoccupationindependent, oilmanspousemary, elizabeth, 1996, childrenjohn, mecom. John Whitfield Mecom Sr January 13 1911 October 12 1981 was an American independent oilman John Whitfield Mecom Sr BornJanuary 13 1911DiedOctober 12 1981 aged 70 Houston Texas USAOccupationIndependent oilmanSpouseMary Elizabeth d 1996 ChildrenJohn W Mecom Jr Mecom acquired abandoned oil wells and made them profitable He developed new fields from Louisiana to Saudi Arabia He was once ranked as one of the top oil independents however he filed for bankruptcy in 1970 After reorganizing his John W Mecom Company he reopened his company which he subsequently operated with his son John W Mecom Jr former owner of the New Orleans Saints NFL football team On December 18 1964 a C82 Packet owned by Mecom was shot down by the Egyptian air force killing both pilot and co pilot after failing to log a flight plan and failing to land at Alexandria after repeated requests see FAA report which blames Mecom s pilot The incident strained U S Egypt relations Mecom being a friend and donor of U S President Lyndon B Johnson 1 The Egyptian government said that the plane was shot down by its MiG fighter jets after ignoring a repeated warning to land Mecom was not on the plane which was on a routine trip to purchase drilling detergent for his oil business 2 In December 1965 Mecom offered to buy the Houston Chronicle its building the Rice Hotel and a 35 percent interest in Texas Commerce National Bank from Houston Endowment Inc The offer included a down payment of one million dollars However Mecom was unable to raise the additional cash to complete the sale and canceled the transaction 3 In the 1960s Mecom partnered with Patrick F Taylor who held a degree in petroleum engineering from Louisiana State University In 1974 the two started the Circle Bar Drilling Company which they sold in 1979 Taylor then established his own oil company in New Orleans Louisiana and subsequently became known as an educational philanthropist 4 John Mecom owned and raced Thoroughbreds which included Narushua that finished 11th in the 1965 Kentucky Derby and the multiple stakes winning gelding Rushing Man that finished 14th in the 1975 Kentucky Derby 5 Portals Texas Business and EconomicsReferences edit Burns William Joseph Economic aid and American policy toward Egypt 1955 1981 State University of New York Press Albany 1985 page 158 Egyptian Jets Shoot Down Private U S Plane Retrieved 9 October 2014 Time Newspapers A Deal Done In June 17 1966 1 Accessed May 10 2010 Patrick F Taylor New Orleans Times Picayune November 6 2004 Retrieved May 4 2016 Owners Kentucky Derby 1875 2017 PDF Churchill Dows Incorporated 2017 05 08 Retrieved 2019 01 01 Obituary John W Mecom Sr TIME magazine October 26 1981 Archived from the original on October 15 2010 Retrieved 2007 05 10 nbsp This article about a chief executive from the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title John W Mecom Sr amp oldid 1166517196, wikipedia, wiki, book, books, library,
