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RIP - Oscar Wyatt Class of 45

1,853 Views | 18 Replies | Last: 2 mo ago by Bibendum 86
MAROON
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Here

101 years old. Guy was a legend in Houston and the oil business. My next door neighbor worked for him selling jet fuel and had some great stories about Oscar.
What do you boys want for breakfast BBQ ?.....OK Chili.
Furlock Bones
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MAROON said:

Here

101 years old. Guy was a legend in Houston and the oil business. My next door neighbor worked for him selling jet fuel and had some great stories about Oscar.

my old boss worked for Oscar Wyatt. he had stories as well.
88Warrior
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Would love to hear some of those stories…..how many of those old school Texas wildcatters do we have left??
EclipseAg
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Reading his bio brought back a lot of memories.

Does Houston have any super visible CEOs any more? The job has really become more international and potentially dangerous, I guess, so these guys take a more quiet approach.

Fertitta is the only one I can think of off the top of my head.
P.H. Dexippus
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Everyone has probably read them before, but if you want wildcatter/oil biz stories, I can't recommend enough The Big Rich. Also the Tiger Mike memos.
https://www.scribd.com/doc/2743822/TigerMikeMemos-very-funny
terradactylexpress
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Kinder still around?
MAROON
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EclipseAg said:

Reading his bio brought back a lot of memories.

Does Houston have any super visible CEOs any more? The job has really become more international and potentially dangerous, I guess, so these guys take a more quiet approach.

Fertitta is the only one I can think of off the top of my head.

Good point. Back in the day it seems like everyone knew the names of all the big CEO's. They all sort of run together now - of course this town is huge compared to what it was.
What do you boys want for breakfast BBQ ?.....OK Chili.
MAROON
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Exec Chair of the BOD for KM. Also chair of Museum of Fine Arts and of course The Kinder Foundation. He's probably the most out there - along with Jim Crane.
What do you boys want for breakfast BBQ ?.....OK Chili.
Jugstore Cowboy
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Not O&G, but I remember when it was big news who the ceo at HP was and all the wonderful things they were doing for the Houston Symphony, etc.
Bibendum 86
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terradactylexpress said:

Kinder still around?

I've long heard that Rich Kinder is so much like Oscar that he might be his illegitimate son.
T Durden
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Jugstore Cowboy said:

Not O&G, but I remember when it was big news who the ceo at HP was and all the wonderful things they were doing for the Houston Symphony, etc.


Mark Hurd?

Im probably wrong. Which one?
Diggity
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I was thinking of that ***** on wheels Carly Fiorina
Jugstore Cowboy
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I don't remember, just whoever the new boss was out on Jones Road was always in the news. Like we were all supposed to know, but it obviously didn't take.
Chewy
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I have no clue if this is true or not, but I was a told a story the boardroom at Coastal had a bathroom attached to it.

It wasn't uncommon for Oscar to use it in the middle of a meeting where he'd leave the door open conducting business while he did his business.
Bibendum 86
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Chewy said:

I have no clue if this is true or not, but I was a told a story the boardroom at Coastal had a bathroom attached to it.

It wasn't uncommon for Oscar to use it in the middle of a meeting where he'd leave the door open conducting business while he did his business.

He'd also show up to board meetings in a robe and pajamas with his two Dobermans - who went everywhere with him.
MAROON
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German shepherds
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txags92
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I can't confirm the dogs story, but I met Oscar once without knowing who he was. I was a geologist about 3 years out of college doing some environmental brownfields investigation work on a property in Texas City and got a call from my boss that our client on that job wanted us to meet him that afternoon at the Coastal Tower in Houston so we could meet with the client's partner in their business. I told my boss I was in field clothes and smelled like sweat and chemical plants. He said just come on up and it would be fine. So we met our client in the lobby of the coastal building, and he proceeded to take us up in the elevator using his own key card and routed us through several office spaces until we ended up in a really nicely appointed board room.

As we were sitting down, an older guy came in through a door attached to the board room and sat at the head of the table as we were introducing ourselves. He didn't introduce himself and didn't offer to shake hands (which is probably just as well if that was his bathroom). He immediately launched into a diatribe with our client about how you couldn't trust environmental consultants and so on and so on. I could tell it was mostly for show and to see how we would react. About that time I noticed his aggie ring and interrupted him to say "No sir, we couldn't do any of that, we are both aggies and can't lie, cheat, or steal." He stopped immediately and asked what year we graduated. I told him 93 for me and 88 for my boss. He laughed and said something like "yall are just babies" and we got on with the meeting. Afterwards, my boss told me I could handle all future meetings if he was going to be involved since he was puckering up when he started the rant about consultants.

He never did give a hint who he was, but during the meeting I noticed what I thought was an MSO monogram on his shirt cuffs. So when we got back to the office, I walked in and asked our BD guy who would be high up at Coastal with MSO on his cuffs. He said "are you sure it wasn't OSW?" I said "why? Who would that be?" He walked over to the table in his office and picked up a copy of Texas Monthly with the headline "Meanest oilman in Texas" over a picture of Oscar. That was the first time we realized we had just been meeting with Chairman of Coastal Oscar Wyatt and I had sat there in dirty jeans smelling like Texas City and interrupted him in the middle of a meeting. Our client turned out to be the former chief counsel for Coastal when I looked into him a little more. That just cemented my boss's position that he wanted me to do all the talking with them in future meetings.
CowtownAg06
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They go back a ways but there are 3-4 Texas Monthly articles that tell Oscar's story over time. I've never read anything that did him justice (infamy) all in one place. The guy basically invented gas marketing, nearly bankrupted Austin and San Antonio, led a top 10 company in the US, negotiated directly with Sadam Hussein, made an enemy of George HW Bush, had a step son involved with Prince Andrew and Fergie, and went to jail in his 80s.

Bibendum 86
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CowtownAg06 said:

They go back a ways but there are 3-4 Texas Monthly articles that tell Oscar's story over time. I've never read anything that did him justice (infamy) all in one place. The guy basically invented gas marketing, nearly bankrupted Austin and San Antonio, led a top 10 company in the US, negotiated directly with Sadam Hussein, made an enemy of George HW Bush, had a step son involved with Prince Andrew and Fergie, and went to jail in his 80s.


That's a good summary. He built a gas gathering system in what is now roughly Eagle Ford, called it LoVaca gas services, sold the residue to CPS and City of Austin then claimed force majuere when his production failed over a cold snap because he didn't inject glycol or something similar. Subsequent litigation compelled him to cough up assets that turned out to be the basics that developed into Valero and to a lesser degree Enterprise's intrastate gas and liquids pipeline network.
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