Refinery Socks
Description: Atlantic was founded as the Atlantic Petroleum Storage Company in 1866 in the then-fledgling oil business. In 1874, the company, now known as Atlantic Refining, was purchased by John D. Rockefeller and integrated as part of Standard Oil. The acquisition gave Rockefeller a major presence on the East Coast in his growing empire. In 1886, after acquiring many other oil companies, the Standard Oil Trust organized territories for their companies. Atlantic's territory covered the entire state of Delaware, the southern half of New Jersey, and the southeasternmost corner of Pennsylvania, essentially giving Atlantic the entire Philadelphia area.
Description: Lion Oil Company was established in 1922. Thomas Harry (Colonel) Barton was instrumental in the development of the company. In 1955, Lion Oil was sold to the Monsanto Company along with what is now El Dorado Chemical Company. Lion Oil is the only oil refinery Monsanto has owned. Lion Oil was later sold by Monsanto to Tosco. In 1985, Lion was struggling and on the verge of shutting down and was sold by Tosco to a partnership of Ergon Refining of Jackson, Mississippi, and a group of local investors. This is how it acquired the oil refinery in El Dorado, Arkansas.
