 In May 1901, the Dabney Oil Company was incorporated with capitalization of $1 million, and the two sold their holdings to the corporation.Frank H. Powers, partner in the law firm of Heller & Powers, with offices at Montgomery and Pine in San Francisco, California, became the secretary of Dabney Oil Company, Inc., at 330 Pine Street.In 1913, Miley, Dabney, and Ralph B. Lloyd formed the Hidalgo Oil Company to drill for oil in Simi Valley, California, near the ranch owned by the Ventura Land & Water Company, the family firm of Lewis M. Lloyd and his children.