Buckeye Pipe Line Company Stock Certificate

Description

Product Details
Nicely engraved antique stock certificate from the Buckeye Pipe Line Company dating back to the 1960's. This document, which carries the printed signatures of the company President and Secretary, was printed by the American Bank Note Company and measures approximately 12" (w) by 8" (h).
The certificate's intricate vignette features a male figure, pipeline, oil well and a derrick.
Images
The images presented are representative of the piece(s) you will receive. When representative images are presented for one of our offerings, you will receive a certificate in similar condition as the one pictured; however dating, denomination, certificate number and issuance details may vary.
Historical Context
The was incorporated in March of 1886 in as a subsidiary of the . Buckeye became an independent publicly owned company after Standard Oil’s dissolution in 1911.
The Buckeye Pipe Line Company originally was established to supply refineries in northwestern with gathered from local production sources. During the 1930s and 1940s, the company expanded its crude oil operations and constructed a network of trunk lines that supplied refineries from to . As local production declined and was replaced by crude supply from the Mid-Continent and Gulf Coast regions, Buckeye’s pipelines continued to function as key supply lines for refineries in its service territory.
Buckeye began its first refined products pipeline operations in the mid 1940s. The company built new products lines in Ohio and and converted older idle crude lines to refined products service to meet emerging needs for supplying and distillates to local consumption markets.
During the 1950s, Buckeye extended its Midwest products network and concurrently constructed a new products pipeline system in , Pennsylvania, and .
In 1964, Buckeye was acquired by a subsidiary of the , which later became The Penn Central Corporation.
During the 1960s and 1970s, the company built the first products pipeline through the streets of in order to serve the three major airports and commercial customers in that metropolitan region. In 1977, the company acquired Jet Lines, Inc., a products pipeline system in New England.
In December 1986, the company was reorganized as Buckeye Partners LP.