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Michael L. Benedum

Born: July 16, 1869, Bridgeport, West Virginia
Died: July 30, 1959 (age 90), Pittsburgh, Pennsylvania

Michael L. Benedum, Oil Magnate, Philanthropist.  After an early career selling milling machinery, he became involved in the oil industry with the South Penn Oil Company, an affiliate of Standard Oil.

What do you know about Michael L. Benedum?  Try this quick quiz.

1. He reached the position of Assistant General Land Agent for South Penn in 1892, but left and founded his own company in partnership with Joseph Trees. What was the company's name?

2. When did Benedum marry Sarah Nancy Lantz?

3. When their only child Claude Worthington Benedum die?

4. What was his nickname?

5. How long did his travel across the globe in search for oil and built one of the most successful oil and gas companies in the world.

6. His industry from 1890 to 1950, developed companies and corporate holdings to include, Transcontinental Oil Co. (1919), Plymouth Oil Co. (1923), Hiawatha Oil and Gas Co. (1926), Big Lake Oilfield, (1926) and Bentex Oil Corp. (1936). True or False?

7. His storage, transportation, marketing, refining, and conservation practices led to the Interstate Oil Compact Commission in 1933.

8. In 1957, Fortune Magazine rated Michael L. Benedum's as one of the 75 wealthiest Americans worth between $75,000,000 to $100,000,000. What would it be in 2005 dollars?

9. Where is Michael L. Benedum buried?

 


Answers

1. Benedum-Trees Oil Company

2. May 17, 1896

3. October 18, 1918

4. "Great Wildcatter"

5. Fifty years

6. True

7. True

8. $441,000,000 to $588,000,000

Angels on your pillow9. Homewood Cemetery, Pittsburgh, Pennsylvania

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