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The specific epithet archboldii is thought to commemorate Richard Archbold (1907-1976), an internationally known explorer and heir to the Standard Oil Company.
He argued 168 cases before the U.S. Supreme Court, beginning in 1884, representing the Standard Oil Company, the Sugar Trust, the American Tobacco Company, and the Northern Securities Company.
Examples of its work include Ida Tarbell's series in 1902 exposing the monopoly abuses of John D. Rockefeller's Standard Oil Company, and Ray Stannard Baker's earlier look at the United States Steel Corporation, which focused the public eye on the conduct of corporations.
The place was named after its developer, Donald I. Rheem, the son of William Rheem, President of Standard Oil Company.
Many autograph collectors are found in this field, looking for signed certificates from John D. Rockefeller of Standard Oil Company, Henry Charles Carey of the Franklin Fire Insurance Company, Ringling Brothers and Barnum & Bailey Circus, Atari Corporation, Eddie Rickenbacker as president of Eastern Air Lines, Tucker Corporation and many others.
It was originally the Esso building, built for Rockefeller's Standard Oil Company (Esso).
George M. Keller (1923–2008), chairman of Standard Oil Company of California
Two production-sharing agreements were signed with the Standard Oil Company of Ohio in January 1985 and Amoco in February 1986.