William "Tex" Moncrief Jr., who was described as a "true legend" in the oil business and a "great philanthropist," died Dec. 29 at 101.
A spokeswoman for Moncrief Oil confirmed his death to The Associated Press Wednesday but could not immediately provide further details.
"He was incredibly generous, not only in Fort Worth, but around the world," state Rep. Charlie Geren told Fort Worth Star-Telegram. "The Moncrief name is all over Fort Worth. You can look at the UT Southwestern Moncrief Cancer Center, buildings at the Stock Show; he was just a very, very generous man. Fort Worth will miss him."
Coming from a family that was a pioneer in the Fort Worth oil and gas industry, Moncrief, who went by the nickname "Tex," joined the family business when he was just 10 years old and his father "Monty"—who was among the early wildcatters—discovered a 6 billion-barrel East Texas oilfield.
Continuing his father's legacy, in 2010, Moncrief Offshore LLC found an offshore field that held up to 6 trillion cubic feet of gas, according to a profile in Forbes.
Beside his notable work in oil, Moncrief was known around Texas for his generosity and donations to his community. Moncrief donated $100 million toward the University of Texas Southwestern Medical Center, first at the Moncrief Cancer Institute and later for the Monty and Tex Moncrief Medical Center, which opened in 2017, Fort Worth Star-Telegram reported.
Recommended Reading
Swift Solar, with Backing from Italy’s Eni, Raises Tech Financing
2024-06-12 - Swift Solar, with backing from Italy’s Eni and others, has raised a total of $44 million for work transforming the solar energy landscape with perovskite tandem solar projects.
TotalEnergies Buys UK Power Plant from EIG for $575MM
2024-06-06 - TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
Trio Chairman Robin Ross Named CEO Less Than a Month After Return
2024-07-15 - Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
2024-07-18 - Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.