Editing Waite Phillips (section)

==Career==
Waite returned home to Iowa and, after six months of college studies, launched into an active business career.  Under the guidance and help of his elder brothers, [[Frank Phillips (oil industrialist)|Frank]] and L. E. Phillips, he moved from a short period of [[coal mining]] in Iowa to petroleum operations in 1906, centered in [[Bartlesville, Oklahoma]].<ref>{{Cite book |last=Kemm |first=James O. |title=Tulsa: Oil Capital of the World |date=2004 |publisher=Arcadia Publishing |year=2004 |isbn=978-0-7385-3352-0 |pages=24 |language=en}}</ref> His brothers created the business which became known as [[Phillips Petroleum Company]].<ref>{{Cite book |last=Kemm |first=James O. |title=Tulsa: Oil Capital of the World |date=2004 |publisher=Arcadia Publishing |isbn=978-0-7385-3352-0 |language=en}}</ref>

In 1914, Phillips sold his oil interests to his elder brothers.  He started on his own as an individual oil producer, refiner and marketer.  His fully integrated and extensive oil operations lasted almost 40 years.  After 1918, he had his headquarters in [[Tulsa, Oklahoma]].  While in Tulsa, Phillips built several office complexes, such as the [[Philtower]] and [[Philcade Building]]s.  He also had a mansion built, the 72-room Italian Renaissance-style [[Villa Philbrook]].<ref>{{Cite book |last=Warner |first=Elaine |title=Insiders' Guide® to Tulsa |publisher=Rowman & Littlefield |year=2010 |isbn=978-0-7627-5348-2 |location=Guilford |pages=75 |language=en}}</ref> In 1938 during the [[Great Depression]], Phillips donated his immense home to the city of Tulsa, which adapted it into the [[Philbrook Museum of Art]].  Each of these buildings has been listed on the [[National Register of Historic Places]]. After donating the mansion to the city, Phillips and his wife Genevieve moved into a 23-room {{convert|3000|sqft|m2}} penthouse residence that he had added to the Philcade in 1937.<ref>{{Cite book |last=by |first=Suzanne Fitzgerald Wallis, Photography by Sam Joyner, Foreword |title=Art Deco Tulsa |publisher=Arcadia Publishing |year=2018 |isbn=978-1-62585-989-1 |location=Charleston, SC |pages=76 |language=en}}</ref> That became their primary residence in Tulsa until Waite sold the building in 1942.<ref name="GildedEra">[http://thegildedageera.blogspot.com/2014_06_01_archive.html "Villa Philbrook and The Phillips."] Gilded Era Blogspot. June 14, 2014. Retrieved June 30, 2014.</ref>

In addition to his oil business, Phillips was actively engaged in banking, city real estate developments and the operation of ranches in several [[Rocky Mountain]] regions. His first choice of ranches were lands in the western foothills of the Sangre de Cristo Mountains near [[Cimarron, New Mexico]], acquired in 1922.<ref>{{Cite book |last=Pike |first=David |title=Roadside New Mexico: A Guide to Historic Markers |publisher=University of New Mexico Press |year=2004 |isbn=0-8263-3118-1 |location=Albuquerque, NM |pages=113 |language=en}}</ref> After disposing of his other ranches, he developed the {{convert|300000|acre|km2|adj=on}} UU Ranch into diversified farming and livestock operations. Waite built the [[Villa Philmonte]] as his summer house.  On the ranch, he also built mountain trails, a hunting lodge and a fishing lodge, all of which he found to be restful retreats from business pressures in Tulsa.