Company president and CEO Frederick Fesenmyer says Minard Run Oklahoma LLC was officially formed on Friday. The operations in Osage County include crude oil and natural gas production from six horizontal wells. They also have more than 16,000 acres for further development and exploration.
Minard Run Oil Company of Bradford is the world's oldest family owned independent oil company under the continuous management of one family. Fesenmyer is the great-grandson of Senator Lewis Emery Jr., who founded the company in 1875.