Success Story
Aggressiveness
an Attribute
Uncowed
by his illustrious associates, Sinclair exhibited an extraordinary
self-confidence which gave authority to his quick decisions. Still
under thirty years old, he deferred to no one. An eastern magnate,
director of one of Sinclair's little one-lease companies, described
Sinclair's management to a friend: "He calls us together
occasionally to tell us what he's done." The characteristics of
his later life already were manifest. Said a colleague of him in
retrospect: "He was shrewd but hearty, tough but genial, a
masterful trader, a hard-driving sportsman. He was MacGregor--where
he sat, there was the head of the table."
Sinclair's diligent usefulness to others paid off in 1904. His
drilling syndicate at Kiowa, Oklahoma, netted him $100,000. For the
first time he had cash--and more importantly, the power to borrow.
Quickly he developed the Canary field, Oklahoma, into 100 wells in
1905. The profit from this venture he cast into the Glenn Pool,
Oklahoma's first huge producer. By 1907, Sinclair was the richest
man in Kansas.

Following the oil play southwestward,
Sinclair and one of his many partners, Patrick J. White, bought
crude oil from wildcatters for ten cents a barrel in every prolific
field before pipeline outlets were available. Erecting steel tanks,
the partners stored millions of gallons of bargain oil. When
conditions stabilized, they sold the filled tanks at a $1.20 per
barrel profit. By 1913, Sinclair bossed 62 oil companies, owned
eight drilling rigs, and with his brother controlled a Tulsa bank.
Producing from every mid-continent field, he settled in Tulsa,
Oklahoma, as its first citizen.
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