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Location of Lima and Findlay Oil Fields Cygnet, Ohio, in Wood County was a booming oil town with 13 saloons and many workers when this photo was taken in 1885. Oil and gas field distribution in Ohio, 1923. The petroleum industry in Ohio dates from 1859.
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. [ 3]
The Standard Oil Company (Ohio)was an American petroleum companythat existed from 1870 to 1987. 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 ...
It owns the refineries in Lima and Oregon in northwest Ohio. The company has 1,200 employees in Ohio, and says it is investing $1.5 billion over the next five years in the two refineries.
Once Frasch returned to the United States, he began working for the Solar Refining Company, a Standard Oil subsidiary in Lima, Ohio, and perfected his desulfurization method. Standard Oil held a patent monopoly on the desulfurization method until 1905, making its investments into the Lima oilfields extremely profitable for the company.
Marathon Oil Corporation is an American petroleum company that has existed since 1887. Marathon was founded in Lima, Ohio as the Ohio Oil Company. In 1899, the company was acquired by the Standard Oil Company (New Jersey). After the antitrust case against Jersey Standard in 1911 and subsequent breakup of its holdings, Ohio Oil once again became ...
WEPEC Dalain Refinery, 200,000 bbl/day. Sinopec Jinan Company, 21,000 bbl/day. Sinopec Qilu Company Refinery, 195,000 bbl/day. Sinopec Shanghai Gaoqiao Oil Refinery, 220,000 bbl/day. Sinopec Tianjin Company Refinery, 100,000 bbl/day. China National Petroleum Corporation ( PetroChina) Dushanzi Refinery, 120,000 bbl/day.
By 1901, the excitement about Ohio oil slowed with the news of a Beaumont, Texas, gusher producing 100,000 barrels per day (16,000 m 3 /d). In 1911, the courts declared Standard Oil Trust a monopoly and broke it into several companies. Between 1887 and 1905, the Lima Oil Field was a world-class producer, yielding 300 million barrels (48,000,000 ...
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