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Legendary wildcatter H.L. Hunt took a major risk in 1930 to purchase the leasehold for the Daisy Bradford No. 3 well, which led to the discovery of a giant East Texas oil field, with six billion barrels. In a history-making deal, the purchase was financed mostly by payout from future well production. The discovery laid the foundation for Hunt Oil Company, incorporated in 1934. The company’s growth in ensuing years continued to tell one of the greatest stories of the American oil industry. Since Hunt’s death in 1974, Hunt Oil Company has evolved under the continuous leadership of son Ray L. Hunt into one the world’s largest and most successful independent oil and gas companies. Hunt Oil Company has operations in Peru, Yemen, and Canada, and the U.S. Dallas-based Hunt Consolidated, Inc., includes other successful enterprises in real estate, ranching and private equity investments.