Albert Hrubetz III, Chairman and President of Dallas-based Hrubetz Oil Co., has been active in the petroleum industry for 63 years. He earned degrees in Geological Engineering from the Institute of Technology, St. Louis University, and in Advanced Management from the Graduate School of Business Administration at Harvard University.
In 1953 Hrubetz joined the Exploration Department of Continental Oil Co. (CONOCO) as a geophysicist, progressing to Chief Geophysicist, International Exploration and Executive Assistant to President. He held executive responsibility for integrated petroleum operations in CONOCO’s largest and most important profit center. He served as vice president of an independent oil company from 1968 to 1972, with worldwide responsibility for negotiations, exploration and production activities, before joining Texas Pacific Oil Co. as Senior Vice President, Exploration and International. In 1975 he became Executive Vice President, serving as a Director of Texas Pacific and as President and Director of its 17 foreign subsidiaries. In 1978 he became President of Texas Pacific Oil Co. and was named CEO the following year. After Texas Pacific sold its domestic oil properties to Sun Oil Co. in 1980, in what was then the second-largest commercial sale in U. S. history, he founded Dallas-based Hrubetz Oil Co.
Hrubetz has held leadership positions in numerous petroleum industry organizations, including the American Petroleum Institute, U. S. Oil and Gas Association, Independent Petroleum Association of America, Texas Oil & Gas Association, American Association of Petroleum Geologists, Society of Exploration Geophysicists, All-American Wildcat Committee and Dallas Wildcat Committee. He is past president of the Dallas Petroleum Club, Trustee Emeritus/past Vice-Chairman of the Board of Trustees at the University of Dallas and Advisory Board member of the Maguire Energy Institute at SMU’s Cox School of Business. He received the Alumni Merit Award from St. Louis University in recognition of distinguished achievement in geophysical exploration.
- A Geophysicist’s Memoir – Searching for Oil on Six Continents
- Maryville Illinois — Growing up During the Great Depression.