What is the history of the Hathaway (Oil) Company?
The Hathaway Company was incorporated in 1932, with Jesse Hathaway being the first president. Elwood and Julian (the oldest and youngest of the three brothers) were both vice presidents, while Richard, the middle brother, was the secretary-treasurer. Once Jesse Hathaway stepped aside Elwood Hathaway became president of the company. In 1971 the Hathaway Company merged with Pyramid Oil Company, a small public company, with the idea that the Hathaway Company could possibly benefit from being a public company. However, in 1985 the Southern California assets were spun off into a new Hathaway Company, which was presided over by Julian I. Hathaway and Richard F. Hathaway. In April of 1986 Richard F. Hathaway passed away, leaving Julian I. Hathaway the last surviving brother. The company struggled on with the Southern California assets until 2000, when rapid depletion, rising operating costs and health issues forced the company to quit business and abandon and remediate any remaining well site
