I have a few questions about Punk. Like Jock, was Punk already retired from the oil business when Dallas first aired? I don’t recall any oil deals he did. I believe I read once that he founded the Cartel. Is that the one with Jordan Lee? I recall that he liked to dabble in some deals, like Takapa, just for what I assumed was something to keep him busy. If retired, did he have family who was continuing to run his oil company?
Was his company an equal to Ewing Oil?
I agree with you that they could have used Punk even more than they did. I don't know if it was the writing or Morgan Woodward's acting, but he was a very realistic Texas Good Ole Boy.
I know many real life Texans just like Punk, and I'll use those real life people to build a back story for him:
Punk probably started his company back in the 1950's and 1960's. It would have been a company that manufactured equipment for the oil fields. Or an oilfield services company that does service on existing wells. And here is how the deals would have gone.
Imagine Punk, Jordan Lee, and Jock Ewing at the Cattleman's Club:
Jordan: I'm ready to start pumping on that Odessa field.
Punk: How many barrels you figure?
Jordan: Tests show 2000 barrels a month.
Punk: Great! We can use my equipment if you want. Say, $ 16.00 per barrel?
Jordan: Well . . . it's really easy access in there. I was thinking $ 14.00 per barrel.
Punk: How about we split the difference and go $ 15.00 barrel.
Jordan: Deal! Let's drink to it. Dora Mae, my usual!
Jock: So, Punk. Are your rigs busy?
Punk: My sweet crude rigs are out, but my sour crude rigs are just sitting.
Jock: Well, if I can get them cheap enough, maybe I can pump off Ewing 9 while oil prices are up.
Punk: What do you have in mind?
Jock: Can I rent your rigs for three million over the summer?
Punk: Hell, Jock. Why don't you just buy them outright for five million?
Jock: Good deal. Then I can use them again next year.
Punk: Let's drink to it. Dora Mae!
And this is how Punk would have made his money. So why don't we see him running his business on a day to day basis on the show?
I'm glad you asked!
Because Dallas began in 1979, after two huge spikes in oil prices. During one of these price run-ups, one of the seven sisters would have gone to Punk and offered him piles and piles of money to buy his company. So the Punk Anderson you see today is one who built a company and sold when prices were good.