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Denison Hydraulics is a publicly traded U.S.-based company (Stock Symbol:DENHY) that manufactures industrial hydraulic fluid power systems (hydraulic pumps, motors, valves and engineered systems [1]) and components and is headquartered in Marysville, Ohio. Denison is owned by Parker Hannifin.
The first discovery of oil from a drilled well and first offshore oil rig placed in world history occurred in Ohio in 1814 in Noble County, and 1891 at Grand Lake St. Marys. [11] Ohio was the country's lead producer of oil between 1895 and 1903, until technology allowed further developments throughout the nation. [12]
In 1814, oil was originally marketed as “cure-all” medicine. It was dug out of salt brine wells in southeast Ohio. [12] Since 2005, the oil and gas industry has developed technologies for producing shale gas and tight oil from low permeability rock. These technologies include horizontal drilling and hydraulic fracturing.
A hydraulic fluid or hydraulic liquid is the medium by which power is transferred in hydraulic machinery. Common hydraulic fluids are based on mineral oil or water. [ 1 ] Examples of equipment that might use hydraulic fluids are excavators and backhoes , hydraulic brakes , power steering systems, automatic transmissions , garbage trucks ...
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The company was founded in 1986 by John Williams, a synthetic oil developer and later consultant. Due to a customer who said he had never seen purple oil, Williams named the product Royal Purple. [6] Producing synthetic oil using its own additives, [7] the company grew and in 2004 completed a 125,000 square foot production facility in Porter ...
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