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#96494 Mon Apr 02 2007 06:38 PM
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Great pictures guys! I'll try to get some history up pretty soon.

Value Questions and Showcase forums

Please - NO offers to Buy or Sell in this forum category

Statements such as, "I'm thinking about selling this." are considered an offer to sell.
#96495 Mon Apr 02 2007 08:22 PM
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And it is for sale in the For Sale Section



[This message has been edited by Alex (edited 04-02-2007).]


Alex
Looking for Texaco and Power Gasoline items
#96496 Wed Apr 04 2007 12:41 PM
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Here's a short time-line of Peenzoil's history

1886: The Pennsylvania Refining Company (PRC) is founded.

1889: South Penn Oil Company is formed by a unit of Standard Oil Company.

1892: John D. Archbold becomes president of South Penn upon its reorganization.

1899: South Penn becomes a subsidiary of the newly enlarged and reorganized Standard Oil Company (New Jersey); John Archbold becomes effective head of New Jersey Standard as well as South Penn.

1909: PRC forms a new company to market its lubricants, Oil City Oil and Grease Company.

1911: The Supreme Court orders the dissolution of Standard Oil Company (New Jersey).

1924: Pennzoil Company is formed.

1925: South Penn, the former Standard Oil producer, buys 51 percent of Pennzoil's stock.

1953: Zapata Petroleum Corporation is founded.

1955: South Penn completes its purchase of Pennzoil and renames it South Penn Oil Company.

1962: J. Hugh Liedtke becomes president of South Penn.

1963: The Pennzoil Company is formed of the merger of South Penn with the Zapata companies.

1965: Pennzoil buys 42 percent of United Gas Corporation's stock.

1974: Liedtke spins off his United Gas Pipe Line Company, a subsidiary of United Gas.

1987: Texaco pays Pennzoil $3 billion in settlement of a suit.

1994: Liedtke retires as chairman.

1990: James L. Pate becomes president and chief executive officer of Pennzoil, with Liedtke remaining chairman.

1991: Jiffy Lube becomes a wholly owned subsidiary of Pennzoil.

1998: Pennzoil spins off the Pennzoil Products group, which joins with Quaker State Corporation in a merger acquisition; James L. Postl become president of Pennzoil-Quaker State.

1999: Devon Energy buys PennzEnergy.

2000: James L. Postl becomes president and chief executive officer; the company acquires assets of Auto Fashions, Sagaz Industries, Airfresh UK Limited and Bluecol Brands Limited; the company sells its Viscosity Oil Division.

[This message has been edited by MrMoneyClips (edited 04-04-2007).]

#96497 Thu Apr 05 2007 09:12 PM
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Here's what I've got so far, I know its not much but I've had mid-terms all week so I actually had to spend my time studying unfortunately. Keep the pictures coming guys!

Early History Was Centered in Pennsylvania

The companies that originally came together to form Pennzoil were all involved in the oil industry's early history in Pennsylvania and neighboring states.

One of them, the South Penn Oil Company, was formed on May 27, 1889, by a unit of Standard Oil Company, John D. Rockefeller's enormous oil concern.

Standard already controlled approximately 90 percent of the oil refining in the United States, but it had been slow to move into oil producing until the late 1880s, at which time it bought up a large number of ground leases in the Pennsylvania oil region and created South Penn to work them.

Under first president Noah Clark, South Penn made rapid progress with its initial wells and was soon pushing across the border into the rich West Virginia fields.

South Penn enjoyed all the benefits of membership in the Standard family of companies, including guaranteed sale of its crude to Standard distributors and refineries, ample provision of capital for expansion, and an absence of threatening competition.

When Standard reorganized itself in 1892 into a closely interlocked trust of 20 operating companies, South Penn was capitalized at $2.5 million ($420,964,796.79 today), a significant figure for the time, but among the smaller of Standard's holdings.

The reorganized South Penn received a new president as well. John D. Archbold had been a Pennsylvania oilman since the 1860s, and, after joining Standard, had rapidly risen to become one of the company's top five policy-makers and its director of all producing activity. As such, he became the president of South Penn upon its reorganization in 1892, when the Standard companies were responsible for over a quarter of all U.S. oil production.

In the 1890s, South Penn increased tenfold its annual production of crude, and by 1898 it was the leader among the Standard interests with 7.6 million barrels per year, most of it pumped from its West Virginia fields. The year before, it had bought the drilling rights to some 20,000 acres of land in the Pennsylvania oil region, paying $1.4 million in what was described as the largest deal in the history of U.S. oil production.

In 1899, Standard Oil was again reshuffled, all of the affiliated companies becoming subsidiaries of the newly enlarged Standard Oil Company (New Jersey)

John Archbold remained head of South Penn and was now effective head of New Jersey Standard as well, John D. Rockefeller having largely retired from the scene. South Penn was thus well positioned to grow into one of the giants of the U.S. petroleum business, with unlimited financial backing, top management skills, and a healthy share of the existing crude market.

By 1900, the Appalachian oil region had reached its all-time peak of production and its many thousands of wells began to run dry. South Penn production dropped by about 50 percent during the following decade and would never again provide more than small amounts of high-grade crude, in addition to useful quantities of the recently harnessed natural gas.

In 1911, the Supreme Court ordered the dissolution of Standard Oil Company (New Jersey). South Penn began life on its own as one of the leading drillers of crude oil in a region that was largely played out. About the time South Penn had been formed, two independent refineries were built in nearby Rouseville, Pennsylvania. The Pennsylvania Refining Company and Nonpareil Refining Company were both founded in 1886 to process the great stream of oil then produced by the region and bound for the eastern seaboard. In 1893 Nonpareil bought out Pennsylvania Refining Company and changed its name to Germania Refining Company.

[This message has been edited by MrMoneyClips (edited 04-10-2007).]

#96498 Fri Apr 06 2007 10:53 AM
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What , if any, connection is there between Pennzoil and Fleetwing products?
It seams I remember Fleetwing was/is owned by Pennzoil.


William J. Bailey
#96499 Fri Apr 06 2007 01:59 PM
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PENNZOIL BOUGHT FLEET-WING FROM SOHIO IN 1970. NOTE "THE DIVISON OF PENNZOIL UNITED INC" UNDER THE FLEET-WING ON THIS MAP.

MY QUESTION IS WHEN DID PENNZOIL DROP THE "100% PURE PENNSYLVANIA" FROM THERE LOGO.

#96500 Fri Apr 06 2007 02:10 PM
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dave.. check out the "big" pennzoil sign i posted. that sign is out of the sixties. actually.. 1965. so the drop has to be after that. the actual date i could give you would only be a guess... but i'm sure somebody on here knows...

kmann

#96501 Sat Apr 07 2007 04:35 AM
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1972 & 1948 PENNZOIL MAPS

#96502 Sat Apr 07 2007 04:42 AM
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DECALS & PATCH

#96503 Thu Apr 12 2007 07:15 PM
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I found these photos on various sites so I can't take credit for them. But I thought they showed some nice examples of Pennzoil items.



[This message has been edited by CircaDesigns (edited 04-12-2007).]


CircaDesigns Looking for early AMOCO and SUNOCO items.
#96504 Thu Apr 12 2007 07:24 PM
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CircaDesigns Looking for early AMOCO and SUNOCO items.
#96505 Thu Apr 12 2007 07:54 PM
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WOW!!! Love that globe and the single Pennzip lens!! I sure wish someone would repop that Pennzip in 13-1/2" and or 15". I'm sure it would be a great seller.

Mike


KJV Psalms 16:11

Thou wilt shew me the path of life:
in thy presence is fulness of joy;
at thy right hand there are pleasures for evermore.
#96506 Fri Apr 13 2007 04:14 PM
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Sorry for the mess in the basement-been remodeling.. 1949 I think that light up display the Chandlers posted is really a cool piece.

[This message has been edited by JimT (edited 04-14-2007).]

#96507 Fri Apr 13 2007 09:39 PM
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Awesome Pennzoil stuff and history..some stuff..I havent seen before..too cool.

------------------
Hubba: GAS GEEK , OIL FREAK and humble moderator


Hubba: GAS GEEK , OIL FREAK of Seattle WA
#96508 Sat Apr 14 2007 07:17 AM
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I must give credit where credit is due. The following images come from the Aumann Auctions web site.


[This message has been edited by CircaDesigns (edited 04-14-2007).]


CircaDesigns Looking for early AMOCO and SUNOCO items.
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