The Legend Veedol: The Tidewater Oil Company is one of the oldest oil companies established in the US. Back in 1859, Sir Edwin Drake struck oil in the hills of Pennsylvania, the birth place of Liquid Gold – Petroleum. In 1861, Robert Hopkins and Byron Benson formed a company called the Enterprise Oil and Lumber Company. The name Enterprise was not the type of operation, but used because of it’s location in Enterprise, Pennsylvania. They renamed the Enterprise Oil and Lumber Company as the Tidewater Pipe Company, expecting to end up in or near the Tidewater seaboard. But the vision and hard work paved way for expansion beyond the continent and remained as Tidewater Associated Oil company . The two main products were then branded under the names Veedol and Tydol.