Managing
Partner of Lowe Partners, LP and Lowe Royalty Partners, LP
During the
late 1930's, Ralph Lowe, owner of a Texaco gas station located on
the corner of Wall and Colorado Street in Midland, Texas, (the current
home of the Midland Tower Building built by Mr. Lowe in 1947) became acquainted
with Texaco personnel associated with oil exploration. These relationships
afforded him the opportunity to enter
the oil business through a farmout of the Seth Campbell Lease in Winkler
County, Texas from Texaco. Using a contract cable tool rig, he completed
his first oil well in June 1940 named the #1 Seth Campbell. In 1941
he purchased a cable tool rig and by 1943 had drilled 25 oil wells along
the Colby Sand Trend of Winkler County. From 1943 - 1962 Ralph Lowe
developed properties in or was associated with such fields as the Fullerton
Field, Midland Farms Area, Welch Field of Dawson County, Texas, Deep Rock
Area of Andrews County, Texas, Coyanosa Field, Pecos County, Texas, Cooper-Jal
Area of Lea County, New Mexico, Denton and Gladiola Fields of Lea County,
New Mexico, and Indian Basin Upper Penn Gas Field of Eddy County, New Mexico. After Ralph Lowe's death in 1965, Maralo has continued its activity with
the drilling of over 500 Wells.
Maralo's
emphasis continues to focus on growth through acquisitions and timely divestitures
coupled with enhanced recovery projects and exploration efforts, primarily
throughout Texas and Louisiana.
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