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WhitMar Exploration Company is a private
oil and gas company located in Denver, Colorado is engaged in the generation and development
of natural gas and oil prospects in the continental
United States. The company was founded in 1979 by Whitney
Marvin, who continues to manage the company today with
a team of professionals experienced in the domestic
oil and gas business. Since its inception, WhitMar has
internally generated the majority of its drilling prospects
with natural gas as the primary target.
During the boom of the early 1980's
the company developed and drilled oil and gas prospects
for itself and its investing partners, the majority
of whom were other oil and gas companies which managed
public drilling limited partnerships. The crash in prices
in the mid 1980's resulted in the demise of the drilling
limited partnerships and a lack of interest in drilling
for new reserves by the investing public and the major
oil companies. As a consequence, the company spent less
time generating oil and gas prospects and diversified
into the gas compression business.
In 1986, WhitMar started Arkoma Compression
Company as a gas compressor rental company to provide
the compression necessary to produce gas from the older
depleting gas fields in the US. For the next twelve
years WhitMar built the compressor company into one
of the largest providers of gas compression in the Mid-Continent,
and in 1998 sold it to the largest compressor rental
company in the world.
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