Wiley in 1962, and had total proved reserves of almost 300 million barrels of oil equivalent when Amerada Hess Corporation purchased it in 2001 for $3.2 billion.

At the time, Triton had operations in North and South America, West Africa, Southeast Asia, Europe, Australia and New Zealand.

[4] Despite the new oil reserve the company continued to post losses each year because the Colombian drilling operations would not produce a positive cash flow until 1995.

Triton reorganized the corporation and in 1992 moved William Lee, who had been president since 1966, to the position of chairman of the board and replaced him with Thomas G. Finck, a petroleum engineer and industry veteran.

[6] At the same time that Triton's oil and gas reserves were increasing, the company began divesting its non-oil subsidiaries and reducing its working operations.