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Arbusto Energy - Wikipedia, the free encyclopedia |
 | | Arbusto Energy (sometimes referred to as Arbusto Oil), was a petroleum and energy company formed in Midland, Texas, in 1977, by George Walker Bush and a group of investors which included Dorothy Bush, Lewis Lehrman, William Henry Draper III, Bill Gammell, and James R. Bath. |
 | | A friend of the Bush family, Philip Uzielli, invested $1 million in 1982 in exchange for a 10% stake in the company, at a time when the whole company was valued at less than $400,000. |
 | | In 1985 Spectrum 7 reported a net loss of $1.5 million and was bought in 1986 for $2.2 million by Harken Energy, with Bush joining the Harken board of directors and finance audit committee. |
| en.wikipedia.org /wiki/Arbusto_Energy (556 words) |
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