OUR HISTORY


Arcadia Operating LLC has been a part of the Texas petroleum industry since shortly after the discovery of the great East Texas oil field in the late 1920’s. Founded December 18, 1929 by Gustavus A. Buder, a prominent attorney and business man from St. Louis, Missouri, Arcadia initially pursued the business of purchasing mineral and royalty interests which ultimately evolved into the acquisition of existing production. Arcadia soon acquired considerable interests throughout Texas, Oklahoma and Louisiana. The Buder family owned and played an active role in the direction of Arcadia’s business dealings for nearly sixty years. Both G.A. Buder, Jr. and G.A. Buder III served as directors of the exploration and production company. 

In the 1960’s Arcadia began to purchase lease hold and develop internal drilling programs.  With this expansion into exploration, Arcadia’s future and its growth potential began to come into focus. Many industry projects were put together giving rise to new ideas and innovations for the company. Arcadia became an operator of over 350 wells, owned non-op working interest in over 400 others, and began a subsidiary oil field supply company.  At the height of the 1970’s oil boom, Arcadia had three field offices and four oil field supply stores. Given this heritage, Arcadia assembled a museum made up of oil field equipment from the pioneering days of the early Texas oil business, which today resides in the East Texas Oil Museum.  The company also contributed oils derricks to the City of Kilgore, which currently reside in the downtown area. 

The plummeting price of oil as well as the death of G.A. Buder, Jr. prompted the Buder family to put Arcadia on the market in 1986. Republic Petroleum Corporation under the direction of Kyle Burnett acquired the company via stock purchase in December of 1986 utimately changing the name to Arcadia Exploration and Production Company and maintaining the management team and merging all of Republic’s assets into Arcadia. By leveraging a combination of his own oil and gas management experience along with the deep rooted reputation and history of Arcadia Mr. Burnett was able to sustain growth in the old line company through an active exploration drilling program and acquisitions.

In 2010 Arcadia Exploration and Production Company assigned all of its assets into Burnett Petroleum Company and a new entity Arcadia Operating was formed to continue in the footsteps of its predecessors.