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This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. The reason given is: folksy, WP:PUFF-filled rhetoric seemingly plagiarized from the books/documentary about Dome and its principal players (May 2023)
|Formerly||Dome Exploration (Western) Ltd.|
|Founded||23 January 1950|
|Defunct||1 September 1988|
|Fate||Acquired by Amoco Canada Petroleum|
|Headquarters||Dome Tower, 333 7 Avenue SW,|
Dome Petroleum Limited was a Canadian independent petroleum company that existed between 1950 and 1988. The company was founded as a subsidiary of Dome Mines and was built by Jack Gallagher, who remained with the company until 1983. In 1988 Dome was purchased by Amoco.
Jack Gallagher joined a group of investors in Dome Exploration (Western) Ltd. in 1950 and built it into the major Canadian oil company Dome Petroleum Limited (to which it was renamed in 1958). Gallagher was the sole employee for the first two years. However, James McCrea, who was instrumental in building Dome Mines into one of the giants of the Canadian mining industry, is credited with originally creating Dome Exploration (Western) Ltd. Charles Dunkley was Dome's third employee and became Dome's Senior Vice President and Jack's management partner. "Charlie" had a reserved management style and the pair worked well together especially in the early days when they ran a tight management ship.
Dome grew by making acquisitions in the energy industry, notably the 1981 acquisition of a 52.9% interest of Hudson's Bay Oil and Gas Company (HBOG) through its wholly owned subsidiary, Dome Energy Limited. Dome was active mainly in Western Canada, the Beaufort Sea and the Arctic islands. The company developed serious problems as a result of the 1986 drop in world oil prices and substantial debts from past takeovers. In November 1987, after months of negotiation, an agreement in principle was reached that led to Amoco Canada Petroleum Co Ltd buying Dome for $5.5 billion. This purchase was completed 1 September 1988.
Upon his death, Gallagher was recognized as a masterful lobbyist and a pioneering, if controversial, figure in the history of Canadian energy development.
|Chairman of the Board||President|
Clifford W. Michel, 1950–1974
John E. P. Gallagher, 1950–1974
- Prisoners of Debt: Inside the Global Banking Crisis. Directed by Robert Collison and Peter Raymont. National Film Board, 1983.
- Foster, Peter. Other People's Money: The Banks, the Government and Dome. Don Mills: Harper Collins, 1983.
- Lyon, Jim. Dome: The Rise and Fall of the House that Jack Built. Toronto: MacMillan, 1983.
- Companies based in Calgary
- Companies disestablished in 1988
- Defunct energy companies of Canada
- Non-renewable resource companies established in 1950
- Defunct companies of Canada
- Defunct oil and gas companies of Canada
- Defunct oil companies
- History of Alberta
- History of Calgary
- Oil and gas companies
- Oil companies of Canada
- 1950 establishments in Alberta
- 1988 mergers and acquisitions
- 1988 disestablishments in Alberta