History

Standard Oil (Indiana) was founded in 1889 by John D. Rockefeller as part of the Standard Oil trust. In 1910, with the rise in popularity of the automobile, Indiana Standard decided to specialize in providing gasoline to everyday American families and their cars. In 1911, the year it became independent from the Standard Oil trust, the company sold 88% of the gasoline and kerosene  sold in the midwest. In 1912, Standard Oil opened its first gas service station in Minneapolis, Minnesota.  


When the Standard Oil Trust was broken up in 1911, it was Indiana Standard which was assigned the marketing territory covering most of the Midwestern United States, including Indiana, Michigan, Illinois, Wisconsin, Minnesota, North Dakota, South Dakota, Iowa, Kansas and Missouri.  It had the exclusive rights to use the Standard name in the region. The company purchased the Dixie Oil Company in 1919 and began investing in other oil companies outside its Standard marketing territory.


Blaustein incorporated his business as the American Oil Co. in 1922. An year later, in 1923 the Blausteins sold a half interest in American Oil to the Pan American Petroleum & Transport company in exchange for a guaranteed supply of oil. Before this deal, Amoco was forced to depend on Standard Oil of NJ, a competitor, for its supplies. Standard Oil of Indiana acquired Pan American in 1925, beginning John Rockefeller's association with the brand name Amoco.


The 1920s and 30s saw Indiana Standard opening up dozens more refining and oil-drilling facilities. Combined with a new oil-refining process, Indiana Standard created its exploration and production business, Stanolind, in 1931. In the following years, a period of intense exploration and search for oil-rich fields ensued; the company drilled over 1000 wells in 1937 alone.