Mack C. Chase: New Mexico oilman & philanthropist dies at 92

Mack C. Chase: New Mexico Oilman and philanthropist Dies at 92

Remembering a Generous Spirit: Mack C. Chase, a prominent figure in New Mexico’s oil and gas industry, passed away on October 2, 2023, at the age of 92. While he was known for his achievements in the business world, he will be remembered most for his generous spirit and philanthropic endeavors.

A Risk-Taker Turned Philanthropist: Mack Chase’s life was a testament to the idea that risks can lead to great rewards. He made his fortune in the oilfields of the Permian Basin in Texas and New Mexico, a journey that began when he started working in the oil fields at the age of 14 in 1945. His entrepreneurial spirit eventually led him to establish several successful ventures, including Mack Energy Corp.

A Lifetime of Giving: Despite his significant success, Mack Chase was a giver at heart. He believed in giving back to his community and helping those in need. One of his most notable contributions was the creation of the Chase Foundation in 2006, aimed at providing scholarships for local students and promoting community service. Over the years, the foundation has provided millions of dollars in scholarships to more than 1,000 students.

A Man of Community: Mack Chase’s commitment to his community was unwavering. He was not only a successful businessman but also an avid supporter of local causes and organizations. His philanthropic efforts extended to scholarships, youth programs, and various community initiatives.

A Rich Legacy: Forbes recognized Mack Chase as the richest person in New Mexico in 2019, with a net worth of $700 million. However, his wealth was not measured solely in monetary terms but in the positive impact he had on the lives of countless individuals and the community as a whole.

Condolences and Gratitude: The news of Mack Chase’s passing has led to an outpouring of condolences and gratitude from the community he served. His legacy of generosity and community support will continue to inspire and uplift those who follow in his footsteps.

A Lasting Impact: Mack C. Chase leaves behind a legacy of success in business and a legacy of compassion in his philanthropic work. His contributions to education and community service will continue to make a difference in the lives of many, ensuring that his memory lives on.

Funeral arrangements for Mack Chase have not been disclosed at this time. His family, friends, and the entire community mourn the loss of a remarkable individual who made the world a better place through his acts of kindness and generosity.