Sterling Extraction Company
| Public | |
| Industry | Oil refining and extraction |
Sterling Extraction Company was founded in 1870 in Carley, Villavaunt, Krystallum by Joseph and Niles Sterling, industrialists. Joseph was an avid businessman and entrepreneur while Niles was a chemist by trade and had become an investor in natural resources extraction and refinement. At the beginning of the company, they focused on refining Joseph and Niles founded the Sterling Extraction Company and began purchasing several small exploratory companies in the same area with leases on land in
Contents
History
Auress Oil Company (1887)
Auress Oil Company was founded as a breakoff company in 1887 and went on to be on of SEC's biggest rivals.
Initial financial downturn (1901)
Explosions at the SEC drilling sites causes financial downturn for the company.
Sclarif Refinery
In 1903, SEC signed an exclusionary deal with the Sclarif Refinery and limiting Sclarif's refining capacity, in hopes that this move will slow oil production SEC's rivals.
Tevis Oil Company
SEC purchased Tevis Oil Company in 1906.
Sclarif Refinery
SEC purchased the Sclarif Refinery outright in 1910.
1925 acquisitions
SEC purchased Doherty Petro Corporation and Acadia Petroleum Company in 1925.
International expansion
Krystallic President Calvin Wood authorizes the government to bankroll the establishment of a Urshawan-Krystallic Oil Company, operated by SEC.
In the same year, SEC founded the Piranian Oil Division with the Piranialand government, expanding into Waldoccia.
Vesterpike Oil Company
SEC merges with heavy-hitter Vesterpike Oil Company, refounds their company as Sterveste in 1931.
