Just after the century boxing match between Jack Dempsey and George Caponti had ended, while everyone was still immersed in the event, an incident occurred quietly!
Without any public announcement, the U.S. Department of the Interior decided to lease the three major strategic oil fields in the United States—Elk Hills in California, part of the Bowe area, and the Teapot Dome oil field in Wyoming—to American oil businessmen. Harry Sinclair of the Sinclair Oil Corporation obtained the Teapot Dome oil field, and Edward Doheny of the Pan American Petroleum Company secured the Elk Hills oil field.
James O'Neill of Prairie Oil Company and Colonel Robert Stuart of Indiana Standard Oil jointly acquired the oil field in the Bowe area!
At this time, Donnie also established his own Pandora Oil Company and secured the contracting rights for the small oil wells surrounding the three major oil fields.