Hunt Petroleum Corporation was an oil and gas exploration and production company formed in 1950. The company was originally called Petrol Production Co. and was later renamed Hunt Petroleum Corporation. The company was a Delaware

Delaware

Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

 corporation owned 52.84% by the Margaret Hunt Trust Estate and 47.16% by the Haroldson L. Hunt, Jr. Trust Estate. The primary beneficiaries of these two trusts are the two eldest children of the late H. L. Hunt

H. L. Hunt

Haroldson Lafayette Hunt, Jr. , known throughout his life as "H. L. Hunt," was a Texas oil tycoon and conservative activist. He built one of the world's largest fortunes by trading poker winnings for oil rights, ultimately securing title to much of the East Texas Oil Field, one of the world's very...

 and Lyda Bunker Hunt. Hunt Petroleum Corporation had no common ownership and was not affiliated with any of the following entities: Hunt Oil Company

Hunt Oil Company

Hunt Oil Company is an independent oil and gas company headquartered in Dallas, Texas. It has its main oil production activities in the United States, Canada, and Yemen. It also participates in the liquefied natural gas production projects in Yemen and Peru .Together with Magnum Hunter Resources...

; Petro-Hunt, LLC; Hunt Exploration; Unity Hunt; Hunt Properties; or Rosewood Resources.

On June 10, 2008, Fort Worth based XTO Energy

XTO Energy

XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...

announced its purchase of Hunt Petroleum for $4.19 billion.