Since 1973 Panoak Oil and Gas Corporation has been helping Americans use our own energy resources to move the country forward. Panoak Oil and Gas Corporation was founded by a graduate economist, David Harl in Tulsa, Oklahoma to help investors develop America’s Oil and Gas resources more profitably.   Mr. Harl began his career as an investment analyst at Investor Diversified Services, where he was a member of the National Association of Securities Dealers from 1970 to 1973.

In 1973, David resigned from IDS to organize Panoak Oil & Gas Corporation where he advised his investors to invest in oil production. The oil industry had been stagnant for many years. However, because of the economic fundamentals at the time, he believed this was going to change and oil prices were destined to rise dramatically, which they did. Within three months the Middle East embargo hit America and oil prices tripled, catapulting Panoak to overnight success.

In 1974, during a recession, Mr. Harl advised his stockholders to buy real estate properties due to unprecedented inflationary pressure and quadrupled their investment and profits in six years.

In 1977, David proposed to his stockholders that they invest in natural gas production when it was $.50 per Mcf (Million Cubic Feet), gas tripled to $1.50 per Mcf a year later on its way to $5.00 per Mcf in 1980.

In 1978, Mr. Harl turned his attention to electronics, forming Panoak Lighting Systems and Supply to build television studios and took it international. Panoak Laboratories, also founded that year, was created to research and design personal computers and perfect digital circuitry.

By 1980, inflation had worsened toward a runaway pattern. Interest rates had soared to 21% and the world was in deep recession, collectively called stagflation, a new phenomenon.

Oil prices had rocketed to $40 per barrel; experts said they would rise to $100 per barrel and real estate prices were rising. The boom was on with no end in sight.

But David Harl questioned "How was a world in stagflation going to pay for it?" He advised his stock holders to sell their oil investments, sell their gas investments, sell their real estate and sell their manufacturing. By December 1981, Panoak had sold off all of its operations, providing significant profits of over 500% to its investors. Panoak was liquid, with no debt.

Three months later, in March 1982, the "Oil Bust" hit and the bottom fell out of the oil, gas, and real estate markets.

Throughout the 1980's Panoak selectively re-established its position in the gas industry with prudent and thoughtful cost and return analysis.

In 1987, after the Federal Energy Regulatory Commission ordered the major interstate pipelines to open access to transportation, David Harl discovered that he could cut the cost of gas to municipalities from $4.50 per Mcf, being charged by the pipeline companies, to $2.75 per Mcf. He organized Panoak Gas Company and established a significant presence with service to dozens of municipalities in the Mid-Continent region.

In 1995 David teamed up with his two sons Christopher and Zach Harl and turned his attention back to natural gas production and started up the Panoak Coal Bed Methane Project. Since then Panoak has acquired over 15,000 acres and is currently operating over 100 CBM gas wells north of Tulsa in Washington County located in the Cherokee Basin.

In 2006 Mr. Harl turned over the reins of the company to his two sons, Christopher and Zach, who became President and Vice President respectively. Unfortunately, Mr. Harl passed away shortly thereafter. By the time of Mr. Harl’s passing Panoak had evolved from a simple idea to help energy investors navigate economic trends into a full-fledged energy EXPLORATION, PRODUCTION, OPERATION and MARKETING company.

At the dawn of the twenty-first century Panoak is poised to help lead America away from its dependence on foreign energy, especially Oil from the Middle East and towards energy independence with America’s GREEN FOSSIL FUEL, Natural Gas. As we say at Panoak, GREEN ENERGY NOW!

We think Mr. Harl would be very proud. Give us a call and we’ll make you part of the Panoak family.