page_title: Skelly Oil
section_title: Getty takeover
hierarchical_section_title: Skelly Oil / Getty takeover
caption_attribution_description: This was demolished by the Tulsa World for a parking lot. Interesting that the McEntee's Jewelry sign on the right is the same one that I photographed down in Muskogee. From the Beryl Ford Collection at the Tulsa City-County Library.
context_page_description: Skelly Oil Company was a medium-sized oil company founded in 1919 by William Grove Skelly, Chesley Coleman Herndon and Frederick A. Pielsticker in Tulsa, Oklahoma. J. Paul Getty acquired control of the company during the 1930s. It became defunct when fully absorbed by Getty Oil Company in 1974, and the disused Skelly brand logo was revived by Nimmons-Joliet Development Corp. in 2012.
context_section_description: William Skelly lost control of the company to J. Paul Getty in the 1930s, and the Great Depression put Skelly in a financial strain.  To reduce the payroll, the company transferred some of its employees to Tidewater Associated Oil Company, which was controlled by J. Paul Getty and his mother, Sarah C. Getty. In the late 1930s these employees were transferred back to Skelly. The Gettys made a cash loan to Skelly Oil, and the company treasury held stock, and some of Mr. Skelly's stock was given as collateral for the loan.  When the company was unable to repay the loan when it became due, the stock was transferred to Mission Corporation, a holding company of the Getty's that also controlled Tidewater.
  Skelly remained as CEO until his death in 1957, and Herndon remained executive vice president until his own death.  Thereafter, Skelly executives remained as CEOs for another two decades.
  In the late 1960s Tidewater became Getty Oil Company.  Skelly Oil was eventually merged into Getty Oil in 1977 and the Skelly brand (and associated brands) were discontinued.   Many former Skelly gas stations were rebranded to Getty, then to Texaco after Getty was acquired by Texaco in 1984.
caption: Skelly Building in Tulsa, OK. Demolished by Tulsa World for a parking lot.
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