|William C. Liedtke|
September 27, 1924 |
|Died||March 1, 1991
|Cause of death||cancer|
|Education||Amherst College, B.A.
University of Texas School of Law, LL.B.
|Occupation||oil executive, attorney|
|Known for||co-founder of Pennzoil|
|Spouse(s)||Bessie Johns Smith Liedtke (married 1949)|
|Children||Laura, Claire, William III, Cadell S.|
Liedtke was born in Tulsa, Oklahoma where his father was an attorney for the Gulf Oil Corporation. During World War II, he and his brother, Hugh, served in the South Pacific as junior officers in the United States Navy. They met on Saipan and agree to pursue a business career together if they survived the war.
In the 1950s, Hugh and Bill Liedtke had an office next to that of the Bush-Overbey Oil Development Company run by future United States President George H. W. Bush and Bush's neighbor, John Overby. In 1950s, the Liedtke's, Bush, and Overby formed the Zapata Petroleum Corporation. Zapata eventually merged with Pennzoil, and the Liedtkes took over United Gas Pipeline in 1956.
Liedtke served as the president of Pennzoil from 1967 to 1977. In 1977, he left Pennzoil to lead the company's spin-off Pogo Producing Company. Previously known as Pennzoil Offshore Gas Operators at its IPO in 1970, Pogo was an exploration and production subsidiary of Pennzoil set up to look for natural gas in the Gulf of Mexico. Liedtke served as the chairman, director, CEO and president of Pogo until his retirement in 1991.
Liedtke became the Texas finance chairman for Richard Nixon's Presidential campaigns in 1968 and 1972. In September 1972, columnist Jack Anderson obtained a report compiled by the House Banking Committee indicating that Liedtke admitted to investigators that he had raised $100,000 in Mexico for Nixon's campaign fund.
- Peroni, Douglas, ed. (1978). Who's Who in World Oil and Gas 1978/79. Financial Times Limited. p. 320. ISBN 9780900671937.
- "W. C. Liedtke, 66, A Pennzoil Founder And Friend of Bush". The New York Times. New York. AP. March 5, 1991. Retrieved May 4, 2015.
- Martin, Douglas (April 1, 2003). "J. Hugh Liedtke, 81, Oilman Who Bested Texaco in Court". The New York Times. New York. Retrieved May 11, 2015.
- "William C. Liedtke, Jr. 1995" (PDF). http://petroleummuseum.org. The Petroleum Hall of Fame. Retrieved May 6, 2015. External link in
- Bush, George W. (2014). 41: A Portrait of My Father. London: Ebury Publishing. pp. 61–62. ISBN 9780553447781. OCLC 883645289.
- George Bush Foundation (2005). "A Legacy of Service". http://www.bushmonument.com. George Bush Monument. Retrieved May 13, 2015. External link in
- Bryce, Robert (2004). Cronies: Oil, the Bushes, and the Rise of Texas, America's Superstate. PublicAffairs. p. 98.
- Barnes, Dick; Schwartz III, H.L. (September 13, 1972). "Mexican money tied to Nixon campaign fund". The Free Lance-Star. 89 (216). Fredericksburg, Virginia. AP. pp. 1, 18. Retrieved May 19, 2015.