Ranger Oil was an Alberta based
company with its main office in Calgary. Originally
under Maygill Petroleum Company Ltd., Ranger Oil
was created in 1950 with the mission to explore and
develop oil and gas formations in North America. In
1956, Jack Pierce was named the first president and
personality behind the creation of Ranger; he
incorporated it in 1958. The company continued to build
land inventory in Alberta and Saskatchewan.
Tragically, Mr. Pierce died in 1991. Ranger Oil
continued on, but by 1999 was weakened by months of
depressed crude-oil prices and high-interest debt.
In 2000, Petrobank Energy and Resources Limited made
an offer for all of Ranger Oil, however the company
instead accepted an offer from Canadian Natural
Resources Ltd. of $650 million. Ranger Oil closed
its doors in August of 2000. For more information on
Canadian Natural Resources Ltd., please visit their
site at
http://www.cnrl.com/
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