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Getty gas stations in the Northeast were sold off as a condition of the buyout. The company became known as Getty Petroleum Marketing Inc. [6] Getty Petroleum Marketing was sold to Lukoil in 2000, and Lukoil sold it to Cambridge Securities LLC in February 2011. Getty Petroleum filed for bankruptcy protection (Chapter 11) on December 5, 2011. [7]
Skelly Oil Company was a medium-sized oil company founded in 1919 by William Grove (Bill) Skelly, Chesley Coleman Herndon and Frederick A. Pielsticker in Tulsa, Oklahoma. [ 1 ] [ 2 ] J. Paul Getty acquired control of the company during the 1930s.
After working for a time for Getty Oil and Felmont Oil Co., Pegula founded East Resources a natural gas drilling company, with $7,500 from family and friends in 1983. It profited heavily upon discovery of deep layers of natural gas in the Marcellus Formation and application of the hydraulic fracturing ("fracking") recovery process. [ 5 ]
The refinery was commissioned in 1956 and Getty Oil operated it up until 1984, when Texaco bought Getty. In 1988, Star Enterprises, a company started when Saudi Aramco bought half interest, took over the refinery until 1998, when Motiva Enterprises, a joint venture between Star (Saudi Aramco) and Shell, operated it. [3]
Gordon Peter Getty is the fourth child of J. Paul Getty, who founded the Getty Oil Company, and assumed control of Getty multibillion-dollar trust when his father died in 1976. READ MORE HERE:
Their forebear J. Paul Getty was judged in the 1950s to be the richest man in the U.S., and possibly the world, thanks to a fortune built from oil wells in Oklahoma and Saudi Arabia.
The Getty Building is a 22-story former office tower in Los Angeles, California. The building was a project of J. Paul Getty and upon completion served as the head office of Getty Oil. The architect for the structure was Claud Beelman whose design was in a New Formalist mode. Construction began on March 14, 1961, and the building opened ...
The grandson of J. Paul Getty died in November at age 52. For premium support please call: 800-290-4726 more ways to reach us