Misplaced Pages

Tosco Corporation

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

Tosco (from "The Oil Shale Corporation") was an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut . It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford , and originally focused on extracting oil from oil shale and developing alternative energy sources.

#601398

28-813: In 1964 Tosco, Standard Oil of Ohio , and Cleveland Cliffs Iron Company formed Colony Development, a joint venture company to develop the Colony Oil Shale Project in Colorado and to commercialize the TOSCO II technology . In 1969, ARCO joined the project. The project was ended in April 1972. In 1976 the company name was shortened to Tosco after the company acquired the Avon Refinery in Martinez, California , and other west coast facilities from Phillips Petroleum , making it

56-512: A gradual stock acquisition until BP would eventually gain controlling interest culminating in total acquisition of the American company. The company ceased operations in 1987, although BP continued to sell gasoline under the 'Sohio' brand until 1991. Under the name "The Standard Oil Company (Ohio)", the company was established as a separate business after the antitrust breakup the oil conglomerate's monopoly in 1911. It operated service stations under

84-552: A leaky oil pipe. The San Francisco Chronicle reported that one Tosco employee, Anthony Creggett, claimed shortly after the fire that plant managers had refused a request by four workers to shut down the high-temperature distillation tower during the repairs on the pipe. In spring 2001, local gas prices spiked after a fire at a Tosco plant in Carson, California, south of Los Angeles, that released toxic smoke visible 90 miles away. Standard Oil of Ohio The Standard Oil Company (Ohio)

112-487: A major player in petroleum refining. The company continued its efforts in oil shale extraction until May 2, 1982, when Exxon (which had bought Atlantic Richfield's 60% share in the project in 1980) pulled out of the Colony Project joint venture, leaving Tosco unable to keep the venture viable in spite of a $ 1.1 million loan guarantee from the U.S. government. Exxon claimed the project's projected $ 6 billion price tag made

140-569: A merger with BP . It was announced as Standard's acquisition of BP's North American interests in exchange for BP receiving 25% of Sohio's stock. However, the contract included a stipulation that BP would assume majority interest when Standard's share of production from the Prudhoe Bay oilfield in Alaska reached 600,000 barrels per day (95,000 m /d). That occurred in 1978, and BP then took control of Standard Oil. The U.S. operations were unified under

168-576: A result of FTC anti-trust limitations in Chevron's 1985 takeover of Gulf . These stations, bought for $ 1 billion, were in Alabama , Georgia , Kentucky , Mississippi , Tennessee , North Carolina and South Carolina . Sohio was allowed to use the "Gulf" name for five years after the acquisition. By the end of 1985, all other Standard Oil descendants had minimized use of the name Standard , following Standard Oil of Indiana renaming itself Amoco earlier in

196-479: A specialty auto repair shop. Called Sohio ProCare , these shops were often located near Sohio stations that now had convenience stores instead of auto service and were more specialized compared to traditional auto garages located at gas stations. The locations were mostly in Ohio, but Sohio did expand the concept into Pennsylvania and North Carolina, where they were known as "Boron ProCare". Also, unlike many Sohio stations,

224-644: A two-day ride up the Dalton Highway from Fairbanks , come to see the tundra, the Arctic Ocean and the midnight sun , staying in lodgings assembled from modular buildings . Tours must be arranged in advance to see the Arctic Ocean and the bay itself. Prudhoe Bay was named in 1826 by British explorer Sir John Franklin after his classmate Captain Algernon Percy, Baron Prudhoe . Franklin traveled westerly along

252-486: A wholly owned Sohio subsidiary, operated 11 motor inns in Ohio and surrounding states The company was formed in 1963 as a Sohio subsidiary. Hospitality became a publicly held company when Sohio sold off 51% of the company to the public. Sohio sold its remaining interest of the chain to Hosmin, Inc., in 1978. In the 1980s, as many gas stations began converting their vehicle service bays into convenience stores , Sohio wished to continue performing auto maintenance by launching

280-653: Is a census-designated place (CDP) located in North Slope Borough in the U.S. state of Alaska . As of the 2020 census , the population of the CDP was 1,310 people, down from 2,174 residents in the 2010 census , and up from just 5 residents in 2000 ; however, at any given time, several thousand transient workers support the Prudhoe Bay Oil Field . The airport , lodging and general store are located in Deadhorse , and

308-646: Is classified as an isolated town/sub-regional center. It is found in EMS Region 6A in the North Slope Region. Emergency services have limited highway, coastal and airport access. Emergency service is provided by a paid emergency medical services unit and Fairweather Deadhorse Medical Clinic. Auxiliary health care is provided by oil company medical staff and the Greater Prudhoe Bay Fire Dept. Individuals requiring hospital care are usually transported to

SECTION 10

#1732852036602

336-519: The 'Sohio' brand name in Ohio but was prohibited in using the 'Standard' name in other states. In nearby states, it used the Boron brand name (introduced in 1954) instead, but with an otherwise-similar logo. Wallace Trevor Holliday was President of the company from 1928 to 1949 and Chairman of the Board from 1949 until his death on November 7, 1950. In 1968, Sohio's CEO , Charles E. (Charlie) Spahr , arranged

364-776: The BP America corporate name. By 1991, BP had rebranded all Sohio and Boron retail stations as 'BP', except for some marine fuel outlets. In 2011, a BP station in Steubenville, Ohio that had originally opened as a Sohio station in 1946 ended fuel sales and was restored to 1970s vintage Sohio colors as a museum for Sohio. The site has vintage (non-working) Sohio pumps and other Sohio memorabilia. The garage itself remains active. By 1980, Sohio and Boron had 3,400 gas stations in Ohio , Michigan , Pennsylvania , Indiana , Kentucky and West Virginia . Sohio acquired 5,660 former Gulf stations as

392-509: The North Slope of Alaska, features a tundra climate ( Köppen ET ). Winters are long and frigid, and because the area is above the Arctic Circle, the sun does not rise during several weeks of each winter. Summers bring long daylight hours, with 24 hours of daylight during some summer weeks, but are still cool, being mostly between 45 and 55 °F (7 and 13 °C) and sometimes dropping to

420-494: The ProCare locations were owned and operated directly by Sohio. Commercials for ProCare often featured M*A*S*H actor Gary Burghoff as "That Sohio Guy", as part of a larger Sohio advertising campaign featuring Burghoff. Burghoff himself would stay with BP for a time as a spokesperson after BP converted Sohio and its other brands to BP. BP retained ProCare following its absorption of Sohio, rebranding it as "BP ProCare" and changing

448-622: The Sohio name. When BP merged with Amoco in 1998, its American headquarters moved from the former BP America Building on Public Square in Cleveland to Chicago . Its American headquarters have since moved to the Houston Energy Corridor in Houston , Texas , in line with the corporate offices of Shell and fellow Standard spinoffs ConocoPhillips and Marathon Oil . Hospitality Motor Inns,

476-684: The coast from the mouth of the Mackenzie River in Canada almost to Point Barrow . Prudhoe Bay is located on the Sagavanirktok River . According to the United States Census Bureau , the CDP has a total area of 558.0 sq mi (1,445 km ) of which, 416.3 sq mi (1,078 km ) is land and 141.8 sq mi (367 km ) is water. The total area is 25.40% water. Prudhoe Bay, along with similar communities on

504-419: The colors in its logo to match BP. BP continued to operate it until selling off the chain to a private investment group in 1999, at which point the shops were simply called ProCare without an oil company prefix and its logo was reverted to its Sohio-era colors. Following a bankruptcy under the private investment group's ownership, ProCare would ultimately be acquired by Monro Muffler Brake in 2006, and converted

532-525: The first changes was the rebranding of all Sohio, Boron, & Gulf stations that it owned to 'BP' in 1991. Among the conversions included former Mobil stations in Western Pennsylvania (including Pittsburgh ) that Standard of Ohio acquired in 1987 when Mobil left that market, most of which had just rebranded as Boron when they were converted to BP. From 1989 to 1991, many Sohio, Boron and Gulf stations used BP's color scheme of green and yellow during

560-469: The freezing point. Prudhoe Bay first appeared on the 1970 U.S. Census as an unincorporated village. It was made a census-designated place (CDP) in 1980. As of the 2010 United States Census , there were 2,174 people living in the CDP. The racial makeup of the CDP was 83.0% White, 1.9% Black, 7.5% Native American, 1.5% Asian, 0.1% Pacific Islander, 0.3% from some other race and 1.6% from two or more races. 4.0% were Hispanic or Latino of any race. Prudhoe Bay

588-513: The locations to its own brands. W. Trevor Holliday , 1928–1949 Clyde T. Foster, 1949–1957 Charles E. Spahr , 1957–1969 Alton W. Whitehouse Jr., 1970–1977 Joseph D. Harnett, 1977–1980 John R. Miller, 1980–19?? W. Trevor Holliday , 1949–1950 Armstrong A. Stambaugh, 1950-1955 Clyde T. Foster, 1956–1961 unfilled, 1961-1969 Charles E. Spahr , 1970–1977 Alton W. Whitehouse Jr., 1978–1986 Sir Robert Horton , 1986–1987 Prudhoe Bay Prudhoe Bay / ˈ p r uː d oʊ /

SECTION 20

#1732852036602

616-510: The project no longer feasible, but Exxon was required to purchase Tosco's 40% share in the project as a result of their withdrawal. A major company reorganization followed in 1983. Several takeover bids during the 1980s failed to materialize, and another major reorganization took place in 1991 with the company moving its headquarters to Stamford, Connecticut . In 1996, Tosco acquired the Circle K chain of convenience stores . In 1997, Tosco bought

644-587: The rights to the Union 76 brand of gas stations and the western United States refining and marketing operations from Unocal . Tosco merged with Phillips Petroleum in 2001. Phillips merged with Conoco in 2002 to become ConocoPhillips , who spun off the Circle K stores to Canadian-based Alimentation Couche-Tard . On February 23, 1999, four workers at the Avon Refinery in Concord were burned to death after they tried to replace

672-512: The rigs and processing facilities are located on scattered gravel pads laid atop the tundra . It is only during winter that the surface is hard enough to support heavy equipment, and new construction happens at that time. Overland access is by the Dalton Highway . As the bay itself is still 10 miles further north through a security checkpoint, open water is not visible from the highway. A few tourists , arriving by bus or their own vehicles after

700-471: The time, could be used at competitors' stations outside the issuing company's competitive territory, which in Sohio's case was Ohio. The benefit died with the Sohio brand. Exxon had a similar arrangement as well. In 1916, Sohio introduced a prefabricated canopy prototype for its stations. Although Sohio gas stations have ceased to exist, a few marina gas stations on Lake Erie and the Ohio River still bear

728-535: The transitional rebranding to BP. The Boron name was used outside of Ohio in neighboring states, like Michigan, Pennsylvania, Kentucky and West Virginia. Boron was also the branding of its premium grade gasoline along with its regular grade fuel "Extron" (formerly "Ex-tane" later "Octron") and its unleaded version "Cetron" introduced in 1970. Standard Oil's motor oil brands included Boron, Sohio, Cetron, CHD, Duron, Multron, Nitrex, Nitron, Octron, Premex, and Qvo. Sohio's credit cards , like other oil company cards at

756-543: The year as well as Chevron's aforementioned merger with Gulf that same year that led to its official corporate name to change from Standard Oil of California to Chevron Corporation. As a result, The Standard Oil Company (Ohio) corporately rebrand itself in 1986 under the Standard name, while continuing to use the Sohio brand in Ohio. In 1987, BP bought the 45% of Sohio it did not already own for $ 7.82 Billion and assumed control. Among

784-502: Was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio , was founded by John D. Rockefeller . 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 Prudhoe Bay , Alaska petroleum reserves and the construction of the Trans Alaska pipeline. The complex partnership called for

#601398