Gearhart-Owen Industries, Inc. - Specimen Stock Certificate
Inv# SE1536 Specimen Stock
Texas
Specimen Stock printed by American Bank Note Company.Â
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Gearhart Industries, initially known as Gearhart-Owen Industries, was established in 1955 by Marvin Gearhart and Harrold Owen in Fort Worth, Texas. The company specialized in providing well logging and perforating services to the oil industry. Throughout the 1970s, Gearhart Industries revolutionized the field with groundbreaking innovations like Direct Digital Logging systems and Measure While Drilling (MWD) technology. These advancements significantly reduced costs and improved efficiency, propelling the company to rapid growth and making it one of the fastest-growing companies on the New York Stock Exchange.
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Despite encountering industry challenges, including a failed hostile takeover attempt by Smith International in the mid-1980s, Gearhart Industries firmly established itself as a leading technological force. In 1988, the company was acquired by Halliburton and merged with Welex Jet Services to form Halliburton Logging Services. This merger marked the end of Gearhart Industries’ independent existence but left an indelible mark on the drilling technology landscape.
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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