Skelly Oil

Last updated • 5 min readFrom Wikipedia, The Free Encyclopedia
Skelly Oil Company
Company typePublic Corporation
IndustryOil
PredecessorSkelly Sanky Oil Company
Founded1919; revived 2012
Defunct1977
FateAcquired by Getty Oil
Headquarters Boulder Towers,
Key people
  • William Grove Skelly, founder
  • Chesley Coleman Herndon, co-founder
  • Frederick A. Pielsticker, co-founder
ProductsMotor oils, lubricants, natural gas, motor fuels
Number of employees
approx. 5,000
Subsidiaries Hawkeye Chemical, Vancouver Plywood, Surfco Marketing

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. It became defunct when fully absorbed by Getty Oil Company in 1974, and the disused Skelly brand logo was revived by Nimmons-Joliet Development Corp. in 2012.

Contents

History

Founding

Bill Skelly (1878–1957) came to Oklahoma from Pennsylvania in about 1913 where he worked as a mule skinner and tool dresser in the oil fields around Ardmore and Duncan, Oklahoma, prior to partnering with Jack Sanky, a/k/a, John S. Sankey to form Skelly - Sankey Oil Company in Duncan, Oklahoma, in 1915. An advertisement in The Pittsburgh Press on January 4, 1922, stated that Skelly Oil Company was formed to take over the oil properties of Skelly and of the Skelly - Sankey company. [3]

Chesley Coleman Herndon was a practicing attorney in Tulsa when he won several court victories against William Skelly involving oil leases on Osage Indian land. Skelly summoned Herndon to his office for a meeting after his final loss in court, and shortly thereafter, the two unlikely allies, along with Fred Pielsticker, the son of German immigrants who was orphaned at age twelve and became a renowned engineer[ citation needed ], would form Skelly Oil Company.

Herndon was the son of Captain Thomas Herndon, a Civil War veteran who oversaw a family fortune in real estate, tobacco and banking in Tennessee. [4] Captain Herndon's cousin William Herndon was Abraham Lincoln's law partner in Illinois.

For the next 37 years, Skelly and Herndon held the number one and two positions in the company, and are buried 25 feet apart in Tulsa's Rose Hill Mausoleum, the same distance as their desks for almost half a century. A 1932 Fortune Magazine article stated that "Skelly Oil Company is a great success because of the different temperaments of its top executives... in this company, William Skelly is the accelerator and Chesley Herndon is the brake."

Growth

The company entered into the refining business by purchasing the Midland Refining Company in El Dorado, Kansas, in 1922. Throughout much of its history, Skelly was a popular gasoline marketer throughout the Midwestern United States and was a market leader in several cities throughout its marketing area including Tulsa, Oklahoma City, Kansas City, Wichita, Topeka, Omaha, Des Moines, Minneapolis/Saint Paul and other cities.

Skelly's branded products included Skelly Skeltane, Regular, 50-50, Special, Keotane and Powermax gasolines; [5] Skelly Supreme, Tagolene, Skelmark and Ranger motor oils; and Skelgas propane products through Skelgas franchised stores. What may have been unique to Skelly, beginning in the late 1950s it offered its female customers a Ladies Credit Card in a shade of light blue.

Skelly Oil Company grew to become a major oil company known for its exploration and production expertise as well as the capabilities of its refineries and manufacturing facilities in conjunction with its well-established marketing and distribution network. Skelly Oil Company was an early leader in offshore drilling and production ranging from Alaska and the Gulf of Mexico to the Persian Gulf with a foreign presence in Canada, Argentina, Australia, Korea, Libya, Iran, and Mozambique. In addition to its E&P and refining divisions, Skelly Oil Company also had well-established chemical, manufacturing, engineering, and research divisions. It was an early pioneer of LPG products and building upon its base of substantial uranium ore reserves, established a role in conversion and fuel fabrication and in recovery and reprocessing for the fledgling nuclear power industry.

Skelly was among the leading oil companies to develop a network of truck stops along major highways including the interstate during the 1950s and 1960s. Skelly also had a contract to sell gasoline at most locations of the now-defunct Nickerson Farms restaurant chain during the 1960s and 1970s, [6] which was similar to Texaco's arrangement with Stuckey's.

Arts sponsorship

The company was well known as a sponsor of the radio drama series The Air Adventures of Jimmie Allen and Captain Midnight . Skelly also sponsored Alex Dreier news broadcasts on ABC radio from Chicago in the late 1940s and early 1950s.

Getty takeover

Skelly Building in Tulsa, Oklahoma, demolished later by the Tulsa World newspaper company for a parking lot. Skelly Building, Tulsa. OK.jpg
Skelly Building in Tulsa, Oklahoma, demolished later by the Tulsa World newspaper company for a parking lot.

William Skelly lost control of the company to J. Paul Getty in the 1930s, [7] when the Great Depression put Skelly in a financial strain. To reduce the payroll, the company transferred some of its employees to Tidewater Associated Oil Company, which was controlled by J. Paul Getty and his mother, Sarah C. Getty. In the late 1930s these employees were transferred back to Skelly. The Gettys made a cash loan to Skelly Oil, and the company treasury held stock, and some of Mr. Skelly's stock was given as collateral for the loan. When the company was unable to repay the loan when it became due, the stock was transferred to Mission Corporation, a holding company of the Getty's that also controlled Tidewater.

Skelly remained as CEO until his death in 1957, and Herndon remained executive vice president until his own death. Thereafter, Skelly executives remained as CEOs for another two decades.

In the late 1960s Tidewater became Getty Oil Company. Skelly Oil was eventually merged into Getty Oil in 1977 and the Skelly brand (and associated brands) were discontinued. [8] Many former Skelly gas stations were rebranded to Getty, then to Texaco after Getty was acquired by Texaco in 1984.

Revival

In 2012, Nimmons-Joliet Development Corp. acquired the rights to the Skelly brand logo and commenced operation of a new company utilizing the Skelly brand logo as a privately held company based in Texas. [9]

Related Research Articles

<span class="mw-page-title-main">Gulf Oil</span> American oil company

Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower.

Texaco, Inc. is an American oil brand owned and operated by Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron in 2001, at which time most of its station franchises were divested to Shell plc through its American division.

<span class="mw-page-title-main">Amoco</span> American fuel station chain owned by British BP plc

Amoco is a brand of fuel stations operating in the United States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in 1889 around a refinery in Whiting, Indiana, and was officially the Standard Oil Company of Indiana until 1985. In 1911, it became an independent corporation as part of the break-up of the Standard Oil trust. Incorporated in Indiana, it was headquartered in Chicago.

<span class="mw-page-title-main">J. Paul Getty</span> American industrialist (1892–1976)

Jean Paul Getty Sr. was an American-born British petroleum industrialist who founded the Getty Oil Company in 1942 and was the patriarch of the Getty family. A native of Minneapolis, Minnesota, he was the son of pioneer oilman George Getty. In 1957, Fortune magazine named J. Paul Getty the wealthiest living American, while the 1966 Guinness Book of Records declared him to be the world's wealthiest private citizen, worth an estimated $1.2 billion. At the time of his death, he was worth more than $6 billion. A book published in 1996 ranked him as the 67th wealthiest American who ever lived.

<span class="mw-page-title-main">Tidewater Oil Company</span> Defunct petroleum refining company

Tidewater Oil Company and founded by E. W. Marland (1874-1941) of Pennsylvania and Oklahoma, where he later served as a United States Representative (congressman) during 1933-1935 in the United States House of Representatives (lower chamber of the Congress of the United States at the United States Capitol in Washington, D.C., and also serving as the 10th Governor of Oklahoma 1935-1939, at the Oklahoma State Capitol in Oklahoma City.

<span class="mw-page-title-main">Phillips Petroleum Company</span> American oil company, predecessor of ConocoPhillips

Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.

<span class="mw-page-title-main">Phillips 66</span> American multinational energy company

The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets – known in the oil industry as downstream operations – into a new company bearing the Phillips 66 name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.

The title of "Oil Capital of the World" is often used to refer to Tulsa, Oklahoma. Houston, Texas, the current center of the oil industry, more frequently uses the sobriquet “The Energy Capital of the World.”

Motiva Enterprises, LLC is an American company that operates as a wholly owned US subsidiary of Saudi Aramco. Headquartered in Houston, Texas, it had revenue of $37 Billion. Motiva operates as a distributor of Shell and 76 branded gasolines within its operating territory.

Havoline is a motor oil brand currently commercialized by Chevron. The brand had been previously owned by Texaco, until the company was acquired by Chevron in 2001.

<span class="mw-page-title-main">Humble Oil</span> Defunct American oil company

Humble Oil and Refining Co. was an American oil company founded in 1911 in Humble, Texas. In 1919, a 50% interest in Humble was acquired by the Standard Oil of New Jersey which acquired the rest of the company in September 1959. The Humble brand was used by Standard Oil of New Jersey until 1973, when the company rebranded nationwide as Exxon and discontinued Humble, along with its other brands Esso and Enco.

<span class="mw-page-title-main">Spartan Aircraft Company</span> American aircraft and travel trailer manufacturing company 1928-1961

The Spartan Aircraft Company was an American aircraft manufacturing company, headquartered on Sheridan Avenue near the Tulsa Municipal Airport in Tulsa, Oklahoma. Previously known as Mid-Continent Aircraft Company, the company had been reorganized under the Spartan name in 1928 by oil baron William G. Skelly—and operated until 1961, manufacturing aircraft, aircraft components, and recreational vehicle trailers. The company was known for the luxurious Spartan Executive aircraft produced in the late 1930s and early 1940s.

<span class="mw-page-title-main">Boulder Towers</span> Office in Oklahoma, United States

Boulder Towers is a large commercial building complex in Tulsa, Oklahoma. The complex consists of two twin high-rise buildings, Boulder Towers East Tower and Boulder Towers West Tower, which both rise 253 feet. Each building contains 15 floors. The complex was originally constructed in 1960, consisting of only the West Tower; the East Tower was constructed in 1980. The Boulder Towers currently stand as the tallest twin towers in Tulsa and the state of Oklahoma. In addition, as of October, 2018, they are tied as the 18th-tallest buildings in Tulsa. The Boulder Towers are the 6th-tallest modern style skyscrapers in the city, behind the Cityplex Tower, the First Place Tower, the University Club Tower, Cityplex West Tower and the Liberty Towers complex.

<span class="mw-page-title-main">Enco (brand)</span>

Enco was a secondary retail brand name for products of the Humble Oil Corporation in certain parts of the United States from 1960 to 1977. It was used on service stations operated by Humble in states where they were not permitted to use the Esso brand under conditions set by the court-ordered breakup of Standard Oil in 1911.

Associated Oil Company was an American oil and gas company once headquartered in San Francisco, California and served much of the Pacific West Coast, including Hawaii, as well as the Orient and merged with the Tidewater Oil Company in 1938.

Spartan College of Aeronautics and Technology (Spartan) is a private for-profit aviation college in Tulsa, Oklahoma. It was originally established to provide pilot and technicians for Spartan Aircraft Company but outlived its parent company and continues to train pilots and mechanics into the 21st Century. The main campus is adjacent to Tulsa International Airport, with another campus used for flight training at Richard Lloyd Jones Jr. Airport.

<span class="mw-page-title-main">William Skelly</span> American oil industrialist and businessman

William Grove Skelly was an entrepreneur who made a fortune in the oil business. Born in Erie, Pennsylvania, he moved to Kansas in 1916, then to Tulsa, Oklahoma, in 1919, where he founded Skelly Oil Company. By 1923, his company was one of the strongest independent producers of oil and gasoline in the United States. He helped organize the first International Petroleum Exposition in Tulsa in 1923 and became president of that organization, a position he held for the rest of his life. He was a founder of the Kansas-Oklahoma branch of the United States Oil and Gas Association, then known as Mid-Continent Oil and Gas Association.

<span class="mw-page-title-main">Carolyn Mary Skelly</span>

Carolyn Mary Skelly was an American oil heiress and socialite. She was well known for her extravagant parties but was herself mysteriously disfigured. As the owner of Bois Doré, she continued clubbing well into her 80s and became “America’s No. 1 Jewelry Robbery Victim”.

<span class="mw-page-title-main">Anderson-Prichard Oil Corporation</span> Regional oil refinery and gasoline distributor

The Anderson-Prichard Oil Corporation, a regional oil refinery and gasoline distributor, began operation in Oklahoma City, Oklahoma in 1919, founded by J. Steve Anderson and Lev H. Prichard Sr. The partnership was incorporated as a Delaware corporation on June 30, 1922.

<span class="mw-page-title-main">Glenn Pool Oil Reserve</span> First large oil reserve found in Oklahoma, US

The discovery of the Glenn Pool Oil Reserve in 1905 brought the first major oil pipelines into Oklahoma, and instigated the first large scale oil boom in the state. Located near what was—at the time—the small town of Tulsa, Oklahoma, the resultant establishment of the oil fields in the area contributed greatly to the early growth and success of the city, as Tulsa became the petroleum and transportation center of the state, and the world.

References

  1. "Skelly Oil Company". Old Time Radio. Retrieved 2007-05-13.
  2. Anderson, Ken. "Skelly, William Grove (1878–1957)". Encyclopedia of Oklahoma History and Culture. Retrieved February 8, 2011.
  3. "$3,500,000 Skelly Oil Company". Pittsburgh Press (Newspaper advertisement). January 4, 1922. p. 26. Retrieved 2014-08-27.
  4. Ironside, Roberta (1970). An Adventure Called Skelly. Skelly Oil Company.
  5. 1970 Skelly Gasoline Commercial (Television commercial). c. 1970. Archived from the original on 2021-12-21. Retrieved 2014-08-27.
  6. "Home Page". Skelly Oil Company. 2017. Retrieved 2017-03-03.
  7. "Boiling Oil". Time Magazine. 1948-01-05. Archived from the original on February 1, 2011. Retrieved 2007-05-13.
  8. "Frontier Eldorado Refining Company history". Archived from the original on 2007-09-27. Retrieved 2007-05-13.
  9. "Skelly Oil Company" . Retrieved 17 March 2013.