Complex sentence: Yount went on to acquire mineral rights in several of the Gulf Coast's major fields, and he built the infrastructure necessary to ship his company's oil to destinations around the world from his headquarters in Beaumont, Texas.
Split into simpler sentences: Yount went on to acquire mineral rights in several of the Gulf Coast's major fields. He also built the infrastructure necessary to ship his company's oil to destinations around the world from his headquarters in Beaumont, Texas.