Hogshead Spouter Co.

Hogshead Spouter Co. is the investment manager of a portfolio of renewable and non-operating/royalty interests in the United States. Hogshead Spouter Co.'s roots go back to 1928 when Algur H. Meadows, Henry W. Peters and Ralph G. Trippett founded the General Finance Company, which later became the General American Finance System. In the summer of 1936 Meadows, Peters and Trippett united with J. W. Gilliland, a petroleum expert, to unite the companies and form the General American Oil Company. Ralph G. Trippett served as president of the new company, which was headquartered in Dallas, Texas. The company acquired over 170 oil wells, several refineries and the assets of the General American Finance System and its subsidiaries. By 1959 the company had acquired 2,990 oil wells in fifteen states and Canada and was drilling for oil in Spain. Richard Rainwater became a partner in the company in 1969, as did Howard Hughes. In 1971, Peters acquired a minority stake in Howard Hughes' Hughes Tool Company, to which was later sold in 1972. Peters also acquired a minority stake in Trans World Airlines (TWA) alongside Hughes. In 1967 the General American Oil Company merged with its affiliate Premier Petrochemical of Pasadena, Texas. In 1983, Meadows, Trippett, and Peters' son, Eric Woods, sold General American Oil Company to Phillips Petroleum. After Peters passed away in 1981, Woods would go on to manage the family business and consolidated much of the family's assets to Texas under Hogshead Spouter Co.