Daily GPI / NGI All News Access

People

 B.M. "Mack" Rankin Jr., 83, who co-founded Freeport-McMoRan Copper & Gold Inc. and served as vice chairman of the board, died Wednesday. Rankin founded McMoRan Oil & Gas Co. in 1969 with partners W.K. McWilliams, who is deceased, and current Chairman Jim Bob Moffatt. In 1981, McMoRan merged with Freeport Minerals Co. to form Freeport-McMoRan Inc., the predecessor parent company, which has since become one of the largest natural resources companies in the world (see Daily GPIJuly 24;Dec. 6, 2012). "We lost a brother, a friend and a valued member of our board of directors," Moffatt said. "Mack has been a great partner and adviser for many years." Rankin, who had more than 50 years of experience in the natural resources industry, was a member of the All American Wildcatters and from 2008 to 2010 was chairman of the U.S. Oil and Gas Association. In 2010 the Dallas native received the Texas Oil & Gas Association Distinguished Service Award. Rankin, a graduate of the University of Texas at Austin (UT), was a member of the McCombs School of Business Hall of Fame and had received a Distinguished Alumnus Award from the College of Business Administration. Rankin was an avid supporter of UT and endowed, among other things, a professorship in petroleum land management. The UT Longhorn athletic dining hall is named in his honor. Rankin is survived by his wife, Ashley, and son, Richard.

Recent Articles by NGI Staff Reports

Comments powered by Disqus