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Company History

The story of what is recognized
worldwide today as Pioneer Oil Company began in the 1870’s in Pennsylvania when
Asa Wellington started producing oil; he soon moved the family to Oklahoma for
continued oil production. As a true Pioneer, he engaged in sourcing and producing
oil throughout his life. As the family grew, it branched out and moved to
several oil rich regions of the United States. During that period, John
Earl Jones moved his branch of the family to Illinois in 1937 when he was
contracted to work for the Carter Oil Company to develop the Prairie Creek
Field.

The Carter Oil Company was later
renamed twice; first as Humboldt and later yet as what we know today – the Exxon
company. John's
son, Donald Jones, Sr., remained true to family tradition by working in the oil
fields of Illinois, Kentucky, Indiana and Michigan
In 1972, Jones Oil Company was
incorporated by
his son, Donald E. Jones, Jr., the fifth generation of Joneses to provide
service to the domestic oil industry. The company's first operations were the
Spring Hill Field, a pinnacle reef structure near Terre Haute, Indiana.
Proceeds from the
successful development of the Spring Hill Field were used to purchase additional
producing properties in the area. With continue growth and success, in
February, 1979 the name was changed to Pioneer Oil Company, Inc. and moved to
expanded facilities on Woodsmall Road in Terre Haute, Indiana.
Growth of
the company was steady as the company continued successful exploration
activities until 1986. In order to continue with a pattern of growth, Don
Jones adopted a strategy of building the company by acquiring properties from
financially stricken oil producers until the oil price slump of 1993.
From 1993 to present, Pioneer Oil
Company has continued its impressive growth by actively adding oil and gas
reserves to its inventory.
Today, Donald E. Jones, Jr. is President and 100% owner of Pioneer Oil Company.
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