Stephens buys Oklahoma Production Company, beginning a relationship with the Walker family spanning three generations and over 60 years. This acquisition served as the foundation for a new natural gas exploration company, Stephens Production Company (now Stephens Natural Resources). This partnership endures today with Bill Walker, (the grandson of the founder and President of the company in 1953) and Witt Stephens, Jr. overseeing the company’s oil and gas exploration and production interests for the combined Stephens Families