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  Company of the month for March, Tidewater Oil Co (Page 1)

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Author Topic:   Company of the month for March, Tidewater Oil Co
Flyingaman
Active Member

Posts: 332
From: Renton,WA. USA
Registered: May 2003

posted 03-01-2004 02:18 PM     Click Here to See the Profile for Flyingaman   Click Here to Email Flyingaman     Edit/Delete Message
I have been asked to do this monthís petroleum company of the month. I hope that I can do as well, as the previous monthís authors.

First I would like to explain a little bit about why I collect Flying ďAĒ. My history in the company started as a boy when my father bought a small Flying ďAĒ heating oil company. I spent most of my young life riding around in trucks as the copilot. Later at the age of 15, I actually learned to drive an 1800 gallon oil truck with my learners permit. My passion for collecting has gone through the following stages. My first reason was to create a neat setting for my old cars in the garage. Secondly I became obsessed with getting my hands on every Flying ďAĒ or related piece I could. And thirdly I began to see the historical value and the look of all the colors and shapes coming together to become a form of art. I now consider myself to be an art collector.


History of the Tidewater Oil Company (part one)

The Tidewater Oil Company is one of the oldest oil companies in the US. Back in 1859 Sir Edwin Drake struck oil in the hills of Pennsylvania. Within a 10 year period over 5500 wells had been drilled and nearly 1200 of them were producing oil. In 1861 Robert Hopkins and Byron Benson formed a company called the Enterprise Oil and Lumber Company. The name Enterprise was not the type of operation, but used because of its location in Enterprise, Pa. Because the demand for oil was not great at this time, they planned to also capitalize on the, many, old growth forest in Eastern Pennsylvania. Therefore they became an oil and lumber company. The two partners got involved in the civil war and did not really get the oil portion going until they returned in 1866. However, when they did get it going, they were so successful that by 1875 they were producing so much oil that a new problem had taken front stage. That was the transportation of the oil. The way it worked, was that the oil was carried by horse drawn wagons from the wells back in the hills, to the railroad yards. Here the oil was loaded into large vats located on flatbed rail cars. The trains then carried the oil to the refineries on the eastern coast. The sheer volume of oil caused Hopkins and Benson to think hard about a better and less costly way to move the oil. The idea they came up with was to build a pipeline from eastern PA. to a refinery on the Atlantic seaboard. With the idea to build a pipeline but not knowing exactly were it would end they renamed the Enterprise oil and lumber company. The new name would be the Tidewater Pipe Company. The thought at the time was that they would end up in or near the Tidewater seaboard. The new company would come up with all of the special equipment needed to make the pipe and pipe joints for such a pipeline. This was no small task in its self, but was only made harder by the railroad companies. They did not want to lose business to a pipe line ,after all this was fast becoming there bread and butter business. To build a pipe line, the company needed to acquire right of ways from land owners in Pennsylvania and all along the way to where the line ended. The railroad properties that the tracks were on, posed the problem. Tidewater needed the right of way to cross the tracks and the railroads would not give it to them. For many years Tidewater would pipe the oil to one side of a train track and then unload the oil into tanker trucks, which would cross the tracks to pumping stations where the oil was put back into the pipeline. By 1876 the pipeline was completed to Williamsport and by 1880 the line ended in Bayonne, NJ. The 6 inch line was 450 miles long. The company had acquired a refinery here from one of its customers and now was prepared to market its own products. The company was renamed again. It became the Tidewater Oil Company. The two main products were branded under the names Tydol and Veedol. A side note to these two great trademarks, was how they came up Veedol. A group of company execís were sitting in a meeting and came up with the names. Tydol was short for Tidewater oil. The letter V in the alphabet was always considered the strongest letter,(donít ask me why) therefore V oil would work well so they thought. To tie them a little more together, they changed the V oil to Veedol. To this day, Tydol and Veedol are almost always associated with the products of Tidewater Oil Company. A company today would be willing to pay millions for a trademark like these. Tidewater Oil grew in all areaís of the oil business. By the early 1880ís The now great Standard Oil company, without success had even tried to buy them out. Tidwater marketed in the Northeast in Tydol stations and sold the Veedol product lines all over the USA and in Europe and South America. It branched out west and southwest. Oil produced in Illinois caused a pipeline to be built from Stoy,Ill to the Bayonne, NJ refinery. They also started producing products in Oklahoma and built a refinery in Drumright. The Oklahoma area is where J. Paul Getty crosses paths with Tidewater Oil Company. J Paul Getty had been working with his fathers insurance company in the Oklahoma area and been impressed by the Tidewater operation there. The main reason was because they were making so much money, and running the company so badly. The common practice of the time , was when a well hit oil, the company would keep it quite until they could buy up the rights to all of the surrounding land. This needed to happen very fast, and the Tidewater oil company would take months to make the decisions at the corporate level back on the coast. By the time the word got back to Oklahoma, there competitors would already have heard the news from workers in the local bars and bought up the rights to the oil. Getty thought that if he could make these decisions faster the company could make even more money. Getty began to acquire stock in the company in the early 30ís for less than $1.00 per share. He continued to acquire stock until 1951 when he finally took control of it the company.

Tidewater had already merged with Associated Oil Company and now through this merger and other acquisitions, Getty had taken control of Tidewater, Associated,Skelly and a few other lesser know oil companies.

Lets post any item you might have from the early Tidewater era. This would be up to the 1940ís. Most of these items are the old orange and black colors. Then in a week or so I will post a little history on the Associated Oil Company before Tidewater took it over. At this time we can post pictures of our stuff from this time frame. And then if everyone is still on board, we can end the month with our Flying ďAĒ goodies from 1948 to the end of the company. This could include the early Getty oil era too.



[This message has been edited by Flyingaman (edited 03-01-2004).]

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Flyingaman
Active Member

Posts: 332
From: Renton,WA. USA
Registered: May 2003

posted 03-01-2004 02:47 PM     Click Here to See the Profile for Flyingaman   Click Here to Email Flyingaman     Edit/Delete Message
Here's is one more neat picture of a pricer from the 30's


Ok Guys and Gals lets post your Tidewater pre war stuff.

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Dwaine Buck
Active Member

Posts: 726
From: Big Valley, CA
Registered: Jun 2004

posted 03-01-2004 03:38 PM     Click Here to See the Profile for Dwaine Buck   Click Here to Email Dwaine Buck     Edit/Delete Message
Nice job Craig, I know you thought you couldn't do it but you did great. I'm proud of you.

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djhubba
Moderator

Posts: 3905
From: Seattle WA
Registered: Jan 2003

posted 03-01-2004 05:50 PM     Click Here to See the Profile for djhubba   Click Here to Email djhubba     Edit/Delete Message
Outstanding Craig..great job..I dig you are doing it in sections throughout the month..very cool.

------------------
Hubba the GAS GEEK , OIL FREAK of Shoreline WA

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Lastgas15
Active Member

Posts: 4572
From: illinois
Registered: Mar 2002

posted 03-01-2004 11:23 PM     Click Here to See the Profile for Lastgas15   Click Here to Email Lastgas15     Edit/Delete Message
Great job Craig. Keep the pictures and info coming.
Bob

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Tom Stover
Active Member

Posts: 1465
From:
Registered: Oct 2001

posted 03-01-2004 11:27 PM     Click Here to See the Profile for Tom Stover   Click Here to Email Tom Stover     Edit/Delete Message
Great job Craig! Lucky for us that there wasn't much traffic when you learned to drive. I'll bet you scared the horses & buggy's though!! HaHaHa!!

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Midwest Oil
Active Member

Posts: 195
From: Iowa
Registered: Jan 2004

posted 03-02-2004 02:57 PM     Click Here to See the Profile for Midwest Oil   Click Here to Email Midwest Oil     Edit/Delete Message
Here is an early 1/2 gallon Veedol can.

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Flyingaman
Active Member

Posts: 332
From: Renton,WA. USA
Registered: May 2003

posted 03-02-2004 05:04 PM     Click Here to See the Profile for Flyingaman   Click Here to Email Flyingaman     Edit/Delete Message
Thanks guys, Tom, you are right. However when a 15 year old kid is parallel parking a large oil truck and he can hardly see over the steering wheel,they get out of your way.
Craig

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41150
Member

Posts: 0
From:
Registered: Mar 2005

posted 03-02-2004 05:10 PM     Click Here to See the Profile for 41150     Edit/Delete Message
Great job Craig. I hope I can keep up with all you guys in May company of the month. Here is an early tydol Ethyl 30 inch porcelain sign already posted under sign of the month but here again. Ted

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41150
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From:
Registered: Mar 2005

posted 03-02-2004 09:32 PM     Click Here to See the Profile for 41150     Edit/Delete Message
Here is a 1 quart early solder seam can by the Tidewater Oil Company. Three sides of the same can. Ted


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quartcans
Active Member

Posts: 2492
From: Kansas City, Missouri
Registered: Apr 2003

posted 03-02-2004 09:38 PM     Click Here to See the Profile for quartcans   Click Here to Email quartcans     Edit/Delete Message
Great job Craig............Ted aren't their about 4 versions of that black Veedol quart?

------------------
Scott in Kansas City
quarts@mindspring.com

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Dwaine Buck
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Posts: 726
From: Big Valley, CA
Registered: Jun 2004

posted 03-03-2004 03:57 PM     Click Here to See the Profile for Dwaine Buck   Click Here to Email Dwaine Buck     Edit/Delete Message
Elden asked me to post this neat clock from Veedol , windup , I have one like it, they keep real good time

he got this sign over at fred's also, very nice,

More cans from Elden .

[This message has been edited by Dwaine Buck (edited 03-03-2004).]

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Flyingaman
Active Member

Posts: 332
From: Renton,WA. USA
Registered: May 2003

posted 03-04-2004 06:35 PM     Click Here to See the Profile for Flyingaman   Click Here to Email Flyingaman     Edit/Delete Message
Here are some more great pictures that I am posting for Larry Karlson. They are more good examples of the early Tidewater era. Larry jump in and post any comments about your signs you would like. Thanks for sending them.

[This message has been edited by Flyingaman (edited 03-04-2004).]

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Flyingaman
Active Member

Posts: 332
From: Renton,WA. USA
Registered: May 2003

posted 03-06-2004 09:56 PM     Click Here to See the Profile for Flyingaman   Click Here to Email Flyingaman     Edit/Delete Message
Come on guys, before we move on into the Tidewater-Associated era. Lets get some more pictures of pre-was Tidewater stuff. I know there is more stuff out there, so let get on board and show your stuff. Signs, pens anything with the tidewater name from 1900 thru 1940. Ok go................

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scootdog
Active Member

Posts: 796
From: Parker, CO USA
Registered: Jun 2002

posted 03-06-2004 10:40 PM     Click Here to See the Profile for scootdog   Click Here to Email scootdog     Edit/Delete Message
Larry those are some great pictures. I really like the shoebox globes in the back of the photos.

Scott

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