Everything about John Gallagher Geologist totally explained
» For the cartoonist, see John Gallagher (cartoonist).
John Edward Patrick Gallagher (
July 16,
1916-
December 16,
1998) was a
Canadian geologist and businessman. Born in
Winnipeg, Gallagher attended the
University of Manitoba. He became a
petroleum geologist working for a number of multinationals in
California,
Egypt,
Latin America and Canada searching for oil.
In
1950 he branched out on his own and founded
Dome Petroleum. The company found important new oil fields in Alberta, but Gallagher's main focus was on Canada's Arctic. The company spent billions exploring and found large deposits under the
Beaufort Sea, but didn't have the money to develop them. Deeply in debt Gallagher resigned as CEO in
1983. Dome was sold to
Amoco in
1988for $5.5 billion. Gallagher founded a new company that would become
Prime Energy in
1984.
Gallagher was an Officer of the
Order of Canada and a member of the
Canadian Petroleum Hall of Fame.
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