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The Allegheny Transportation Company at this time was controlled by Jay Gould. This stock was worth $62,222. [ 2 ] Their failed South Improvement Company scheme in 1871 in secret collusion with the Pennsylvania Railroad led independent producers to revolt in western Pennsylvania in early 1872 and earned Rockefeller, the highest-profile partner ...
The company, known commonly as Sohio, was founded by John D. Rockefeller. [4] [2] It was established as one of the separate entities created after the 1911 breakup. In the 1960s, The Standard Oil Company partnered with BP, in the development of the Prudhoe Bay, Alaska petroleum reserves and the construction of the Trans Alaska pipeline. The ...
John D. Rockefeller c. 1872, shortly after founding Standard Oil. Standard Oil's prehistory began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller, his brother William Rockefeller, Henry Flagler, chemist Samuel Andrews, silent partner Stephen V. Harkness, and Oliver Burr Jennings, who had married the sister of William Rockefeller's wife.
Standard Oil refinery in Cleveland, 1899.Ohio was a world leader in oil production in the late 19th and early 20th centuries. The Ohio oil and natural gas industries employ 14,400 citizens, resulting in $730 million in wages.
Findlay was “the gas capital of Ohio in late 1885.” [8] For example, in Findlay, the first commercial natural gas well began producing in 1884. In 1886, the productive Karg Well (over 10,000,000 cubic feet/day) and other wells resulted in so much gas being flared that Findlay was known as the "City of Light" and free fuel and light ...
Squire became director of a wide range of companies, including the Ohio Surety Co. in 1894, [58] the Standard Telegraph & Telephone Co. (with Frank Rockefeller and Louis Severance), [59] the Electrograph Company of America in 1901, [60] and, in the 1910s, the Maynard H. Murch Co. (a Cleveland-based brokerage firm) and the McGraw Tire & Rubber ...