Kirby Exploration Company is engaged in oil and gas exploration and development, marine transportation through Dixie Carriers, and property and casualty insurance through Universal Insurance.
Kirby Exploration Company is engaged in oil and gas exploration and development, marine transportation through Dixie Carriers, and property and casualty insurance through Universal Insurance. During that period, as in the past, Kirby’s primary emphasis remained on oil and gas exploration and development. The oil and gas boom of the early 1980’s was a very active period for the oil and gas operation, with extensive exploratory drilling in the Fletcher Field of Oklahoma. The field was not as productive as anticipated, with Kirby relying on the cash flow of Dixie Carriers and the stock value of Universal Insurance to financially support the oil and gas operation.
