Mack C. Chase

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Mack C. Chase
Born (1931-04-29) April 29, 1931 (age 87)
ResidenceArtesia, New Mexico, US
NationalityAmerican
EducationArtesia High School
Occupationoil and natural gas tycoon
Known forRichest person in New Mexico
Net worthUS$700 million (June 2018)[1]
Spouse(s)
Marilyn Yvonne Stack
(m. 1953; her death 2016)
Children3
Parent(s)Edgar and Marie Chase

Mack C. Chase (born April 29, 1931) is an American "oil and natural gas tycoon", who made his money in the oilfields of the Permian Basin in Texas and New Mexico.[1]

Early life[edit]

Mack C. Chase was born on April 29, 1931, the fourth of eight children of Edgar and Marie Chase.[2] He started work in the oil industry at age 14, and after graduating from Artesia High School in 1950, went to work for Nash, Winfor and Brown.[2] He served in the US Army form 1951 to 1953 as an A&E Mechanic.[2]

Career[edit]

Chase worked on oilwells with his father and brother George, before starting his own business in 1968.[1]

In 1979, he went into partnership with John R. Gray and started the pumping services company Marbob Energy, before expanding into drilling, but they split soon after 1991.[1] Chase started Mack Energy, which in 2007 sold much of its property to Concho Resources.[1]

Chase is still active in oil, and owns Chase Farms and Deerhorn Aviation.[1] As of June 2017, Chase is the richest person in New Mexico.[1]

Personal life[edit]

In 1953, Chase, aged 22, married Marilyn Yvonne Stack, who was 18. They have three children, Robert, Richard and Gerene.[2][1] She died in 2016, shortly after their 63rd wedding anniversary.[3] He lives in Artesia, New Mexico.[1]

References[edit]

  1. ^ a b c d e f g h i "Mack C. Chase". Forbes.com. Retrieved 2017-06-01.
  2. ^ a b c d "Founder". Chase Foundation. 1931-04-29. Retrieved 2017-06-01.
  3. ^ "Marilyn Chase 1935 - 2016 Obituary". Carlsbad Current-Argus. 6 December 2016. Retrieved 4 September 2018.