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Age Of Oil (after 1901)

Age Of Oil (after 1901)

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  • A group of companies including Bakersfield, California-based E&B Natural Resources is drilling near Spindletop, a salt dome field in Beaumont where oil gushed more than 150 feet in the air in 1901 at the Lucas well, giving rise to a new oil age.(More...)

POSSIBLY USEFUL
  • POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL Within a year, there were more than 285 actives wells at Spindletop and an estimated 500 oil and land companies operating in the area, including some that are major players today: Humble (now Exxon), the Texas Company (Texaco) and Magnolia Petroleum Company (Mobil).(More...)
  • The museum commemorates the discovery of oil in southeast Texas with exhibits, photographs, news clippings, and the model of the original well, which spouts water every January in observation of the event that changed Texas’ fortune.(More...)
  • Texas itself continues to supply the United States with 1.4 million barrels of oil every day.(More...)



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A group of companies including Bakersfield, California-based E&B Natural Resources is drilling near Spindletop, a salt dome field in Beaumont where oil gushed more than 150 feet in the air in 1901 at the Lucas well, giving rise to a new oil age. [1] Ever since the Spindletop gusher of 1901 demonstrated that oil was plentiful and easily extracted and shipped, we have been living in the Age of Oil. [1]

On the western side, industry took hold with the discovery of oil in 1901 at Spindletop in Texas, and oil soon became a major gulf resource. [1] Oil became the number one industry in Texas after its discovery in 1901, dropping agriculture to the number two slot. 1930. [1]

According to Charles Warner in Texas Oil & Gas Since 1543, in November 1901 an exploratory well found "hot salt water impregnated with sulfur between 800 and 850 feetand four oil sands about 10 feet thick at a depth of approximately 1,040 feet." [1] On that day not enough transportation to carry the people to the field could be found. (20) Despite the beginning of an oil flow, drilling was continued, and on September 21, 1901, a depth of 1832 feet had been reached, the well came in as a gusher sending up a four-inch column of oil almost to the top of the derrick. [1] The 1901 "Lucas Gusher" in Texas reveals the Spindletop oilfield, which will produce more oil in one day than the rest of the world’s oilfields combined. [1] The history of Texas oil really begins on a dramatic morning in January, 1901, when the Lucas gusher, afterward world-famous as Spindletop, was brought in near Beaumont. (The name Spindletop is said to be derived from a tree in the vicinity shaped like an inverted cone.) [1] At 880 ft, oil showed up and, on January 10, 1901, there was a gusher - Lucas 1 on Spindletop flowed like an oil fountain at 75,000 barrels per day! Although production had actually begun in other places in Texas, such as Corsicana in 1893, Spindletop proved to be a massive find that all began with Pattillo Higgins' hunch. [1] Other salt domes along the Gulf Coast of Texas and Louisiana were discovered after Spindletop. However, the Gulf Coast met its match in production from Oklahoma when new oil discoveries in OK began in 1901 and ended in 1905 with the great Glenn Pool near Tulsa. [1] Investment in Texas speculation in 1901 reached approximately $235 million U.S. (approximately $6.56 billion in present day terms).The level of oil speculation in Pennsylvania and other areas of the United States was quickly surpassed by the speculation in Texas. [1] Texaco : Joseph S. Cullinan ("Buckskin Joe"), one of the foremost pioneers of Texas oil development in 1901 in Beaumont, formed the Texas Fuel Company in 1902 and built storage facilities 20 miles away. [1] Shortly before the discovery of oil at Spindletop in 1901, a hurricane had devastated the port of Galveston, leaving Houston the most important center for the shipping of goods in Texas. [1] Colonel Drake’s heralded discovery of oil in Pennsylvania in 1859 and the Spindletop discovery in Texas in 1901 set the stage for the new oil economy. [1] Nine months after the 1901 headline-making oil discovery at Spindletop, Texas, oil erupted 90 miles to the east. [1] A series of major oil discoveries at Sour Lake, Texas, near the world-famous gusher of 1901 at Spindletop Hill, will help turn the Texas Company into Texaco. [1] In 1901, prior to the Jennings development, W. Scott Heywood of Spindletop Number Two fame in Texas came to Louisiana prospecting for oil. [1] With greater availability of gasoline and oil lubricants after the gigantic Spindletop oil strike in southeast Texas in 1901, and favorable publicity from automobile race results, the gasoline-powered car claimed performance superiority over its competitors. [1] January 10, 1901 - The first major oil discovery in Texas occurs near Spindletop in Beaumont. [1] On January 10, 1901, an enormous geyser of oil exploded from a drilling site at Spindletop Hill, a mound created by an underground salt deposit located near Beaumont in Jefferson County, southeastern Texas. [1]

Additional challenges that come with a boom town; they drank half the whiskey in Texas during the early months of 1901; there were 2-3 murders a night; the popular pastime at local bars was betting on how long it would take a rattlesnake to eat a bird in a cage; and there were people (fortune-teller and the boy with X-ray eyes) who claimed to have powers to locate drilling spots for oil. [1] Since Spindletop in 1901, Louisiana has had about 1,165,000 producing wells drilled; they have produced 25.2 billion bbl of oil and 214 trillion cubic feet of gas. [1] A section of the Spindletop Field, c. 1901, when wells were drilled so close together above a huge underground oil pool that a man could walk a mile stepping from one derrick floor to another. [1] The well at Spindletop struck oil on January 10th, 1901, after months of speculative drilling. [1] Spindletop in 1901 saw the earliest beginnings of the petroleum company that would become Gulf Oil Corporation (bought by Chevron Corporation in 1984). [1] What better location to discuss the past and possible future of the energy industry than Houston? It has been known as the "Energy Capital of the World" since Spindletop erupted in 1901, and has remained the home for global oil & gas companies since the early 20 th century. [1] Although Spindletop is no longer the producer it once was, more than 153 million barrels of oil have been extracted from the salt domes south of Beaumont since that first gusher in 1901. [1] Dan Snow on Twitter: "Today in 1901 the enormous Spindletop Gusher blew near Beaumont, Texas, spraying out nearly 1 million barrels of oil over 9 days. [1] In 1901 one of the largest and most significant oil strikes in history occurred near Beaumont, Texas, on a mound called Spindletop. Spindletop-Gladys City Boomtown Museum in Beaumont, Texas, tells the story of a 1901 oil discovery that made America a world power. [1] "Schlaet’s field superintendent, Charles Miller, traveled to Beaumont in 1901 to witness the Spindletop activity and met with Cullinan, whom he knew from the oil business in Pennsylvania. [1] Like Gulf Oil, Texaco was founded in 1901 after a major oil strike at Spindletop near Beaumont, Texas. [1]

Oil refineries dotted the landscape, taking over farms and destroying land that was once used for cattle. 1901, Texas. [1] With significant oil strikes in Corsicana in 1894 and Spindletop's explosion in 1901, independent oil contractors called wildcatters soon stalked the Texas frontier looking for big bucks and big opportunities in the bubbling ground. [1] On January 10, 1901, Lucas #1 at Spindletop Hill erupted, spewing oil 150 feet up into the wide blue Texas sky. [1] As a southeastern Texas oil museum's website explains, if you asked them after January 10, 1901 they would have said the great oil gusher on Spindletop Hill. [1] The life-size working replica of the Lucas Gusher stands tall at Spindletop Gladys City Boomtown museum and blows water hundreds of feet into the sky as it did when oil rushed through it in January 1901. [1] Lucas and his colleagues struggled for two years to find oil at a location known as Spindletop Hill before making a strike in 1901. [1] Spindletop enjoyed a resurgence in 1926 when technology made possible the recovery of more oil through deeper drilling. (HNPD, 1/10/99)(WSJ, 6/29/99, p.A12) 1901 Jan 16, Fulgencio Batista (d.1973), later president and dictator of Cuba (1933-44, 1952-59), was born. [1] Spindletop: A hill outside of Beaumont, TX where oil was found in 1901. [1] Although limited reserves of oil had been struck during the 19th century, the strike at Spindletop near Beaumont in 1901 gained national attention, spurring exploration and development that continued through the 1920s and beyond. [1]

In September, 1901, the first successful oil was completed in a rice field at Jennings, Louisiana. [1] On September 18, 1901, the New Orleans Times-Democrat first reported on the oil activities in the Jennings field. [1] Among its records for dry holes, Florida's first - but certainly not last - unsuccessful attempt to find commercially viable oil reserves began in 1901, not far from the Gulf Coast panhandle town of Pensacola. [1] Six years before Oklahoma statehood, the 1901 Red Fork oil discovery near Tulsa will help the town start its journey to becoming "Oil Capital of the World." [1] The discovery of oil, in the fall of 1901, was by far the most important factor in bringing boom times to the city. [1]

With improved equipment, Lucas spudded in a well on October 27, 1900; it came in at 1,139 feet on January 10, 1901, and produced more than an estimated 75,000 barrels of oil a day. [1] In 1901 one of the largest and most significant oil strikes in history occurred near Beaumont, Texas, on a mound called Spindletop. On January 10, 1901, Lucas #1 at Spindletop Hill erupted, spewing oil 150 feet up into the wide blue Texas sky. [1] Captain Anthony Lucas knew that, too, but his efforts in drilling for oil near the sawmill town of Beaumont, Texas shocked the whole world when (on January 10, 1901) a stream of oil exploded 150 feet into the air. [1]

Antonio Lucich-Lucas struck oil Jan. 10, 1901 at Spindle Top, Texas near Beaumont. [1] Oil was suspected, but nine years of drilling had yielded only dry holes until January 10, 1901, at a depth of 1,139 feet--more than 1,000 feet deeper than Edwin Drake had first found oil. [1] On January 10, 1901, the  Lucas Gusher on Spindletop Hill  exploded, shooting oil hundreds of feet in the air. [1] When the Lucas Gusher sprang forth oil at Spindletop on Jan. 10, 1901, the area exploded with opportunities. [1]

From October to January 1901, Lucas and the Hamills struggled to overcome the difficult oil sands, which had stymied previous drilling efforts. [1] Increasing reliance today on the energy sources of the 20th century (oil) and 19th century (coal) will be as wrong-headed and backward-looking as a plan for mass production of horse-drawn buggies would have been in 1901. [1] After 1901 most petroleum was used for fuel oil to heat and light buildings and for gasoline to power automobiles with internal combustion engines. [1] Many would argue that the modern oil era was born that day in 1901, as oil was soon to replace coal as the world's primary fuel source. [1] In 1901 William D’arcy obtained a license to prospect for Oil in Persia (Modern Day Iran). [1] With the discovery of oil in 1901, Tulsa changed from a cow-town to a boomtown. [1] Demand for oil skyrocketed after 1901 and Rockefeller became the wealthiest man in the world. [1] "The complex of six buildings that Standard Oil constructed in New Canaan in 1901 could be considered a precursor or early version of the now ubiquitous filling station thus yielding another piece of information about history," she says. [1] Gulf Oil Corporation was formed in 1901 by the Richard K. Mellon family. [1] In 1901, Isaac Canfield drilled for oil on the McKenzie farm near today's Boulder airport. [1] Another instance of oil activity was recalled in 1901 by a Jennings lawyer. [1] He, Lucas, and Galey had many unsuccessful attempts to find oil on Spindletop. However, on January 10, 1901 their hard work paid off. [1]

In 1894, the beginnings of the Texas age of oil were realized by the first major discovery-Corsicana in the east central part of the state. [1] Cullinan died of pneumonia at age 76 while visiting Palo Alto, Calif. "He is tremendously important in the history of the American petroleum industry and in the opening of Texas for the oil industry,'' Hinton said. [1] The early 1900s were nicknamed the "Gusher Age" in Texas, as the discovery of oil dramatically altered daily life for Texans. [1] Although crude petroleum oil has been used for a variety of purposes for thousands of years, the Oil Age is considered to have started in the 1800s with the advance of drilling techniques, as well as the processing of products made use in internal combustion engines. [1] Since the 1960s and 1970s, when petroleum production peaked in many industrialized nations, a frequent topic of speculation among scholars has been when worldwide production will peak, as well as when and how the oil age will ultimately end. [1] The modern oil age can be traced to a well near Oil Creek in northwestern Pennsylvania, where Edwin Drake discovered petroleum in 1859. [1] The age of oil began in western Pennsylvania in 1849 with the first purpose-drilled well. [1] In 1926, at the age of 66, Joiner decided to move south, to Texas, believing there was oil in Rusk County, though geologists advised him otherwise. [1] Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas. [1] The discovery of oil at the Spindletop Field is generally considered to mark the moment that America entered the oil age. [1]

The discovery of the Lucas #1 Gusher at Spindletop in 1901 changed the economy of Texas and helped to usher in the modern petroleum age. [1] By coincidence the "Age of Oil’ was essentially launched in 1901 with the discovery of the prolific Spindletop well drilled in South Texas. [1]

Two events set the stage for the Age of Oil: The first was in 1846, when Abraham Gesner invented kerosene making coal and petroleum practical raw materials for lighting fuel. [1] The Age of Oil, also known as the Oil Age or the Petroleum Age, refers to the era in human history characterised by an increased use of petroleum in products and as fuel. [1]

On this day in 1870, Rockefeller incorporated the company that would make him almost inconceivably rich and, in many ways, begin the modern age of oil. [1] Anger at so-called robber barron families who built up vast fortunes from monopolies in U.S. rail, oil, steel and banking in the late 19th century, an era of rapid industrialisation and growing inequality in America that became known as the Gilded Age, led to President Roosevelt breaking up companies and trusts and increasing taxes on the wealthy in the early 1900s. [1] Despite the 1990 Clean Air Act, which forced oil refinery companies to really step up and overhaul all their refineries all at once, it's hard to ignore age when talking about the accidents and deaths that occur within the metal works of these structures. [1] Age of Oil (1901-1929) Progressive Era Lumber Industry Cotton Cotton was still immensly popular during some of this time period. [1] It served to usher in the modern age of oil, causing the industry to realize that tremendous potential existed for the vast amounts of this natural resource that had barely been tapped. [1] Gone were fears of shortages; Spindletop heralded the Age of Oil. [1] For the most part, prices were in decline for the greater part of the Age of Standard Oil. [1] The age of oil can be placed in the first period until the early 1900s, when oil consumption and combustion engines utilization increased. [1] "He was the first great cautionary tale of the oil age and his name would resound in popular culture for more than half a century after he made and lost his fortune in the 1860s." [1] The rise and fall of Coal Oil Johnny, who died in modest circumstances in 1920 at age 76, will linger in petroleum history. [1] Contemporary industrial society is built largely on petroleum resources, but the future of the Oil Age has become increasingly controversial. [1] In the other, Out of Gas: The End of the Age of Oil, Caltech Distinguished Service Professor David Goodstein provides a more scientific view but reaches the same urgent conclusion: The Age of Oil is coming to an end, and the future is precarious. [1] Rockefeller was immediately attracted to the oil business, and in 1863, at the age of 24, he established a refinery in Cleveland with Clark and a new partner, Samuel Andrews, a chemist who already had several years of refining experience. [1] In the age of cartels and unrestricted monopolies, the oil men and the railroad men (a.k.a. the Robber Barons) became the richest and most powerful people in the world. [1] Prior to the Age of Oil the energy input was much closer to the energy output of the food produced. [1]

Texas oil production increased from 836,039 barrels in 1900 to 4,393,658 in 1901; and in 1902 Spindletop alone produced 17,421,000 barrels, or 94 percent of the state's production. [1] This is the latest in a string of Texas oil booms -- and perhaps one of the biggest -- since Anthony Lucas punched a hole in Spindletop Hill near Beaumont in 1901, thrusting the country into the modern petroleum era, says Eric Potter of the Bureau of Economic Geology at the University of Texas at Austin. [1] The 1901 Spindletop gusher--the largest to date--fuels a major oil rush in Texas, and U.S. oil production nearly triples in a decade. [1] The discovery of vast oil fields in Texas after 1901 encouraged competition in an industry previously dominated by Standard Oil of New Jersey. [1] "Now you know it's interesting the reason why it's called the 'golden triangle' is because this is the first place in the United States where they discovered large quantities of oil in 1901," he explained, "and that led to the Texas oil boom and the huge amounts of money come pouring into this region." [1] On this day in 1901, a drilling derrick at Spindletop Hill near Beaumont, Texas, produces an enormous gusher of crude oil, coating the landscape for hundreds of feet and signaling the advent of the American oil industry. [1] If the company had looked to the Lone Star State, it may have found what it needed, because on Jan. 10, 1901, the modern American oil industry began on Spindletop Hill, south of Beaumont, Texas. [1]

In law school, an influential professor piqued Lawson’s interest in the oil and gas industry--it may have helped that Lawson grew up in Beaumont, Texas, home of the Spindletop oil field that kicked off the U.S. oil boom in 1901. [1] Such a modest beginning, but by 1901, North America would lead the world in oil production, due mainly to the plentiful American oil fields in Texas, California and Okalahoma. [1] In 1901, he and a few colleagues organized The New York and Texas Oil Company, and it was there that she met Dad Joiner on one of his many Galveston visits. [1] The Jennings Oil Company No. 1 well, which discovered the first commercial oilfield in Louisiana on September 21, 1901. [1] The first Louisiana oil well discovered the giant Jennings oilfield in 1901 and launched the Pelican State's petroleum industry. [1]

On January 10, 1901, an oil well at Spindletop, Texas, gushed more than 100 feet into the air. [1] The Gusher Age, and the vast growth it brought, came to an end not because Texas ran out of oil, but because the state’s oil wells produced so much petrol that prices fell to just pennies per barrel. [1] After 1940, Texas became the leading oil producing state in USA. The Texas oil boom is actually responsible for the Oil Age. [1]

His company helped lead the United States into a new industrial age, and became the foundation for U.S. Steel in 1901. [1] What was The Victorian era? When was Victorian era? Victorian age is named after Victoria, who became a queen in 1837 at age of 18 and ruled for 68 years until her death in 1901. [1] What if a woman did not marry? In 1901, 14% of women under the age of 45 years, did not marry. [1] In 1901, at the age of 65, Carnegie sold his empire to the newly formed United States Steel Corporation, headed by financier J.P. Morgan. [1] The death of Queen Victoria in 1901 ushered in the Edwardian age, with Alexandra of Denmark - who was 57 at the time - becoming queen-empress consort to King Edward VII in 1902. [1] He was overthrown by Fidel Castro and died in Spain. (http://en.wikipedia.org/wiki/Fulgencio_Batista) 1901 Jan 22, Britain's Queen Victoria died at age 82. [1] This "perceived Golden Age" in Britain lasted from 1901 to the outbreak of World War I. With figurines, silver horses and painted enamel views of landscapes, from Durham Cathedral to the dairy at Sandringham House, Fabergé immortalized Edwardian Britain. [1] Gilded Age Timeline Fact 45: 1901: President McKinley is assassinated and Theodore Roosevelt assumes the presidency. [1] Passing Strange: A Gilded Age Tale of Love and Deception Across the Color Line." (http://encyclopedia.jrank.org/KHA_KRI/KING_CLARENCE_18421901_.html)(SFC, 2/24/09, p.E3) 1901 Dec 27, Marlene Dietrich (d.1992), German-born singer and actress best known for her roles in "Shanghai Express" and "Witness for the Prosecution," was born. [1] Victorian age (1837 - 1901) The principle figures of the Victorian age and the second half of the industrial revolution. [1] Born in Florence, South Carolina in 1901, William Henry Johnson demonstrated an aptitude for art from an early age, but given his parents' restricted income, Johnson, the oldest of five children, spent much of his childhood working to help the family survive. [1] Andrew Carnegie - around After retiring in 1901 at the age of 66 as the world's richest man, Andrew Carnegie wanted to become a philanthropist. [1]

The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. [1] The Texas Oil Boom, also known as the Gusher Age, was the beginning of America’s position as a major oil producer. [1]

Spindletop became the first major oil field and the largest in American history, ushering in the Petroleum Age. [1] It is difficult to overstate the importance of Spindletop. From this point on, nothing in the oil industry would ever be the same again, for this "gusher" ushered in the modern age of petroleum. [1]

The discovery of the Spindletop geyser in 1901 drove huge growth in the oil industry. [1] It was the discovery of oil in Beaumont, Texas in 1901 that changed the world and created the modern oil industry. [1] The "Lucas Gusher" Oil Well, Beaumont, Texas, January 1901. 1901. [1]

There was no significant oil production along the Gulf Coast until the gusher at Spindletop in 1901. [1] After joining the company he was successful in discovering the oil well in 1901. [1] By 1901, Miss Emma Summers will have fourteen oil wells and control the oil markets. [1] In 1901 an executive of the Standard Oil Company paid to erect a monumental tomb in Drake’s honour at a cemetery in Titusville, where Drake’s body was moved. [1] Pearl Oil Company Stock Certificate issued to Henry Clay Needham and signed by Henry Clay Needham as President, November 29, 1901. [1]

In 1901 alert Jennings businessmen brought in oil operators to develop the Jennings Oil Field. [1] The Lucas Gusher blew on January 10, 1901, on Sour Springs Mound in the now famous Spindletop oil field. [1] The Lucas gusher blew on January 10, 1901, and ushered in the liquid fuel age. [1] When the well began pumping instead of spewing an oil boom was set off around the Gulf Coast, an industry was disrupted and transformed, and the door was opened to the age of the automobile for better or for worse. [1] Joiner was nicknamed "Dad" because he was the "father" of the giant East Texas oil field, and because of his age, 70 years old. [1] The Seven Ages For clarity, we will define the "Seven Ages of Oil" as those periods in time that saw oil price growth followed by periods of accumulated average price decline of greater than 30% (all prices adjusted for inflation to 2014 dollars). [1]

There were other important developments in the Age of Standard Oil. [2] Victorian age (1837 - 1901) The principal figures of the Victorian age and the second half of the industrial revolution. [3]

POSSIBLY USEFUL
POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL POSSIBLY USEFUL Within a year, there were more than 285 actives wells at Spindletop and an estimated 500 oil and land companies operating in the area, including some that are major players today: Humble (now Exxon), the Texas Company (Texaco) and Magnolia Petroleum Company (Mobil). [1] In the century since Spindletop roared to life on the Texas Gulf Coast, oil has touched the lives of many Texans, and it continues to provide benefits to residents of the Lone Star State, as well as to people throughout the country. [1] Over the next two decades, major oil finds in states such as Texas, California, and Oklahoma help increase U.S. production from about 26 million barrels of oil annually to around 64 million barrels per year. [1] As of 2003, Texas also contained larger shares of U.S. reserves than any other state: 4,583 million barrels of oil (20.9%) and 45,730 billion cubic feet of gas (24.2%). [1]

Tellingly, at this very juncture the evangelist Billy Graham, who associated with LeTourneau as well as oil families such as the Hunts at his home church of First Baptist Dallas, counseled famous oilmen such as Sid Richardson and produced two petro-themed movies, Mr. Texas (1951) and Oil Town, U.S. (1953). [1] One of the first significant wells in Texas was developed near the town of Oil Springs, near Nacogdoches. [1] West of town, Texas Highway 72, once lined with acre after acre of scrub bush, today is populated with oil supply companies, RV parks and "man-camps" housing oilmen, and drilling wells alighted with gas flares stretching to the horizon. [1] It began nine days later, on Jan. 10, when, spurting drilling pipe, mud, gas and oil, the Lucas No. 1 well blew in at Spindletop near Beaumont. [1] A 1911 April Fool’s day oil gusher at the Clayco No. 1 well near Electra, Texas, will bring prosperity and later the title of "Pump Jack Capital of Texas." [1] Modern Nebraska petroleum production comes from the southwestern panhandle where a 1949 discovery well produced 225 barrels of oil a day from a depth of 4,429 feet. [1] The Busey No. 1 well produced 15,000,000 to 35,000,000 cubic feet of gas and from 3,000 to 10,000 barrels of oil and water a day. [1] State officials reported North Dakota produced 1,001,149 barrels of oil a day from a record 10,658 wells. [1]

At its height, the Corsicana field produced over 800,000 barrels a year, in an era where remote Texas still could not compete with Pennsylvania oil. [1] In that year seven refineries had individual capacities or more than 200,000 barrels of oil a day: Amoco (Texas City), Exxon (Baytown), Chevron (Port Arthur), Mobil (Beaumont), Lyondell Petrochemical (Houston), Star Enterprise (Port Arthur and Neches), and Shell (Deer Park). [1] Near Big Lake, Texas, on arid land leased from the University of Texas, Texon Oil and Land Company made its major oil strike May 28, 1923 after 21 months of cable-tool drilling that averaged less than five feet a day. [1] Hunt bought most of Joiner's interests in eastern Texas and his company, Placid Oil, owned hundreds of wells. [1] The Texas press, as well as the local geologists, had been very skeptical of Higgins for years, and no one in the area believed that a salt dome structure could produce oil. [1] Melrose, in Nacogdoches County, was the site in 1866 of the first drilled well to produce oil in Texas. [1] Nina Cullinan's father, Joseph S. Cullinan, developed the Corsicana field and built Texas' first commercial oil refinery there, was a founder of Magnolia Petroleum and helped organize the Texas Company. [1] The Road should start with a list of "Road Conditions" - what Texas was like prior to the discovery of oil; the first sign should be the discovery of oil at Spindletop. Then, along the road, they will draw road signs to show the significant events in the order they happened. [1] The history of oil and gas exploration in Texas is a long one, dating from the first major discovery at Corsicana in 1894. [1] The first economically significant oil discovery in Texas did not happen for another 300 years. [1] City crews in Corsicana were also drilling for water in 1894, when they made the first economically significant oil discovery in Texas. [4] Though erroneous, Udden's theory led to the first major oil discovery in the West Texas Permian Basin. [4]

For more on the history of the oil and gas industry in Texas, we encourage a visit to the Texas Almanac published by the Texas State Historical Association. [1] The gold rush days of the oil and gas industry in Texas are history. [1] At the same time a small oil and gas company, Mitchell Energy, was developing novel methods of hydraulically fracturing shale reservoirs, in particular, the Barnett Shale in Texas. [1] Texas quickly became one of the leading oil producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer of petroleum. [5] Several oil millionaires have supported mainly the fine arts and literature: Everette Lee DeGolyer of Dallas was active in petroleum exploration and production and in technological development, largely through Amerada, Texas Instruments and Texas Eastern Transmission. [4] Despite the earlier negative associations with oil among many ranchers and farmers, demand for kerosene and other petroleum derivatives drove oil prospecting in Texas after the American Civil War at known oil-producing springs and accidental finds while drilling for water. [5] Texas oil has affected the lives of millions of Texans not directly involved in the oil business - Texans who receive neither a paycheck nor a royalty check based on petroleum. [4] He did the same at Spindletop with the Texas Company (later Texaco), which purchased oil and transported by barge and rail car to a new refinery in Port Arthur. [1] The Texas Company still holds most of the oil rights, and Lone Star Gas still holds most of the gas rights in this area. [1] The large quantities of oil and gas moving through Houston, Baytown, Texas City, and surrounding communities made the area around the ship channel attractive for industrial development. [5] Hugh Roy Cullen, called "King of the Wildcatters" and who made major oil discoveries in the Houston area, gave large gifts to the University of Houston, the Texas Medical Center, and the Gonzales Warm Springs Foundation (originally a hospital specializing in the treatment of victims of pediatric polio). [4]

Lumber production thrived as demand climbed for construction of railroads, refineries, and oil derricks, and, in 1907, Texas was the third largest lumber producer in the United States. [5] In the post-World War II period, Humble became the largest crude oil transporter in the United States, and built pipelines connecting Baytown to Dallas-Fort Worth and West Texas to the Gulf of Mexico. [5] The level of oil speculation in Pennsylvania and other areas of the United States was quickly surpassed by the speculation in Texas. [5] Although Frazier's United States Oil Company's steam powered, cable-tool derrick first drilled a dry hole, a second well erupted spectacularly on January 7, 1865, producing 650 barrels of oil a day. [1] Although the "Old Union well" initially yielded about 30 barrels of high quality oil, "production soon slowed to one barrel per day and the prospect was abandoned," explains K.R. Aalto, a geologist at Humboldt State University. [1] The new well produced approximately 100,000 barrels of oil per day, an unprecedented level of production at the time. [1] On July 21, he and partner R.A. Mason brought in the No. 1 White well with initial production of almost 600 barrels of oil a day. [1] These early discoveries were followed by the invention of water flooding old fields, the invention of modern well logging tools in the 1950's and 1960's to better assess the production potential of wells, the development of CO2 flooding (1970's), 3D seismic surveys (1964), horizontal drilling (1980's) and most recently widespread unconventional shale oil and gas wells (late 1990's). [1] "After all, 1,000 feet had been deep enough to discover the tremendous oil gushers at Spindletop field," explains Scott Smiley of the LGS. "Instead of drilling two wells to a depth of 1,000 feet each, Heywood persuaded the investors to change the contract to accept a single well drilled to a depth of 1,500 feet." [1] After reaching a depth of 1000 feet in the first well with little sign of oil or gas, the contract called for the abandonment of the first well and the drilling of a second well to 1000 feet at another location. [1] The actual discovery came in 1918, when the Amarillo Oil Company's gas well, Masterson No. 1, was completed with initial production of 10,000,000 cubic feet daily. [1] This method substantially lowered the cost of hydraulically fracturing wells, leading to a boom in North American oil and gas production. [1] The Gladys City Oil, Gas & Manufacturing Company drills wells on Spindletop in 1893, 1895 and 1896. [1] After years of failed attempts to extract oil from the salt domes near Beaumont, a small enterprise known as the Gladys City Oil, Gas, and Manufacturing Company was joined in 1899 by Croatian/Austrian mechanical engineer Anthony F. Lucas, an expert in salt domes. [5]

Subsequently, with a massive surge in demand for all commodities generated by the war effort, constriction in oil supply, blockages of turpentine from the south, and a larger tax on alcohol (then a competing illuminant), prices escalated well north of $120 per barrel the following year. [1] Edwin Drake drilled the first well specifically intended to extract oil in northwestern Pennsylvania in 1859, and by the end of the century, Pennsylvania had produced more oil than any other state. [1] In 1859 Edwin Drake and W.A. Smith drilled the first U.S. well, specifically to find petroleum, in Titusville, (Oil Creek) Pennsylvania. [1] His company, which was later absorbed by Magnolia Petroleum Company and then acquired by Standard Oil of New York, built the first modern refinery west of the Mississippi River. [5] Competition with large oil interests would lead to the establishment of the Independent Petroleum Association of Texas as a lobbying group for these small businessmen. [5] The populations of many small Texas towns had even greater population increases when oil discoveries brought prospectors, investors, field laborers, and businessmen. [5] The impact of oil on Texas and Texans is often analyzed in terms of corporate development, personal and corporate wealth, and the overall economy of the state and politics. [4] Of the four most prominent oil businessmen in Texas at the end of World War II-- Murchison, Cullen, Richardson, and Hunt-- only three articles about them appeared in the New York Times during their lifetime, despite their philanthropy and influence in Washington D.C. Stereotypes about Texas in the American imagination generally revolved around cowboys and cattle. [5] Dallas and other Texas communities were also able to weather the Depression better than many American cities because of oil. [5]

The discovery of oil in Texas brought a flood of people and money. [6] The population and economy weren’t the only things to change with the discovery of oil in Texas. [6] The oil discovery that jump-started Texas' transformation into a major petroleum producer and industrial power was Spindletop. Exploration in the area of the upper Gulf Coast near Beaumont had begun in 1892. [4] Spindletop, which was also the first salt-dome oil discovery, triggered a flood of speculation in the area, resulting in several other significant discoveries. [4]

Spindletop Drillbit Barrel of Oil The Lucas Gusher on Spindletop Hill produced 100,000 barrels of oil a day. [7] Initially, the Lucas No. 1 produced more than an estimated 75,000 barrels of oil a day. [4]

The well was initially expected to produce 5 barrels of oil a day. [6] A blast of oil from one of their wells shot 150 feet in the air and took 9 days to control. [6]

Oil has been known and used in Texas for hundreds of years, in ways very different from how we use oil today. [6] Texas soon became dominant as the nation's leading oil producer. [5] His excesses made him an unwilling national celebrity during the 1940s and 1950s as the media became enamored with tales of Texas oil wealth. [5]

Guffey's company became the largest oil producer in the state during the boom period. [5] During the 1930s, a Dallas company known as the General American Finance System, struggling through the Great Depression, began to finance drilling operations in the state using oil reserves as collateral. [5] By 1940, the oil and gas industry accounted for approximately half of all taxes paid in the state. [5] Because of the situation this created, labor reform was slow to develop. Despite the anti-union sentiments, groups like the International Oil Workers Union attracted membership and held some influence in the industry and state government. [5] Oil was discovered in the Panhandle starting in 1921, and major fields were developed all across the state during the next decade - East Texas, west-central Texas and additional fields in the Gulf Coast. [4] The success of the Corsicana field and increasing demand for oil worldwide led to more exploration around the state. [5] Parallel to this, the clearing of fields for oil exploration and the demand for lumber to be used in new construction, all of which followed major logging activities in the 19th century, destroyed most of the once dense forest lands in the state. [5]

Sarah Campbell Blaffer, daughter of another of the founders of the Texas Company and wife of one of the founders of Humble Oil, acquired an extensive art collection. [4] Glenn McCarthy was a modest oil worker who pioneered wells around what the Houston area. [5] Nina Cullinan and Sarah Campbell Blaffer, daughters of early oil entrepreneurs, have generously supported many fine-arts organizations - Cullinan primarily in the Houston area, and Blaffer across the state. [4] The possibility of becoming wealthy from oil created a " wildcatter " culture, a reckless, entrepreneurial spirit, in many areas of the state. [5] Another change brought about by the discovery of oil was the enrichment of the state treasury after the legislature authorized an oil-production tax in 1905. [4] The boom-town phenomenon became common across the state: The infrastructures of small farming communities near oil discoveries were inadequate to the demands of the population explosions. [4] These companies later became Gulf Oil Corporation, which decades later was bought by California's Chevron. [5] Rancher William Thomas Waggoner (1852-1934), who later became an influential oil businessman in Fort Worth, struck oil while drilling for water in 1902. [5] While drilling for water in 1886, Bexar County rancher George Dullnig found a small quantity of oil, but he did not attempt commercial production. [4] Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. [8] These efforts at controlling production, intended to protect both the independent operators and the major producers, were largely unsuccessful at first and led to widespread oil smuggling. [5] Hunt's first successes were in the oilfields of Arkansas, but he lost most of his fortune by the outset of the Depression as overproduction depleted his fields and his speculation on land and oil drained his resources. [5] Much of their fortune came from oil and gas fields that were discovered on their ranch in the 1920s and 1930s. [4] Walter William Fondren got his start in oil in the Corsicana field before the turn of the century, later becoming one of the founders of Humble Oil. [4] The gusher spewed oil more than 100 feet into the air until it was capped nine days later. [4] The following year, Amory Reily Starr and Peyton F. Edwards brought in a well at nearby Oil Springs. [4] The headquarters were moved to Houston, and the company eventually sold half of its shares to Standard Oil of New Jersey, establishing a long-term partnership that lasted for decades. [5] The first refining operations at Corsicana were built by Joseph S. Cullinan, a former manager for Standard Oil in Pennsylvania. [5]

Several thousand barrels of oil were produced, but the price of oil was not high enough to justify further efforts at development. [4] With no well-spacing regulations and no limits on production, the price of oil nosedived again. [4] The early exploration and production frenzy produced an unstable supply of oil, which often resulted in overproduction. [5]

Oil and ideology: the cultural creation of the American petroleum industry. [5] A new industry was born, with companies emerging to equip and support oil exploration. [6]

Ironically, the wealth of oil at Ranger, and elsewhere in the state, encouraged railroads to switch their locomotives from coal to oil and helped kill the coal-mining town of Thurber. [4] Manufacturing plants developed in the formerly agricultural state, using cheap oil as fuel. [4] Soon after Spindletop, the availability of an ocean of cheap oil encouraged its use as fuel for transportation and manufacturing. [4]

Water-well drillers on the W.T. Waggoner Ranch in Wichita County in 1911 found oil instead, creating the Electra field. [4] With his brother as partner, Davis found oil in the Luling field in Caldwell County in the early 1920s. [4]

Because East Texas had not been significantly explored for oil before then, numerous independent prospectors, known as " wildcatters ", were able to purchase tracts of land to exploit the new field. [5]

When the oil money started flowing, however, it triggered a building boom that produced many of the structures that are still used by the University. [4] In 1916, although most other geologists disagreed, the University's Dr. Johan A. Udden reported that oil could be found lying atop an underground fold of rock that was believed to run from the Marathon area through Pecos County and into Upton and Reagan counties. [4] The Sabine-Neches Waterway is also the top bulk crude oil importer, the top bulk liquid waterway, and is projected to become the largest LNG exporter in the United States. [5] By the late 1920s, ten companies produced more than half of the oil in the state: Gulf Production Company, Humble Oil and Refining Company, Southern Crude Oil Purchasing Company (later absorbed by Amoco which was later absorbed by BP ), the Texas Company, Shell Petroleum Corporation, Yount-Lee Oil Company, Magnolia Petroleum Company, J. K. Hughes Oil Company, Pure Oil Company, and Mid-Kansas Oil and Gas Company (later Marathon Oil ). [5] Many of the major oil companies were born at Spindletop or grew to major corporate size as a result of their involvement at Spindletop. The Texas Company (later Texaco ), Gulf Oil Corporation, Sun Oil Company, Magnolia Petroleum Company, and Humble (later Exxon Company, U.S. ) were a few of the major corporations. [1] Many of them became the industry giants of today: Gulf Oil; Sun Oil Company; Magnolia Petroleum Company; the Texas Company; and Humble Oil, which later affiliated with Standard Oil of New Jersey and became Esso, then today's Exxon. [4]

The manner in which the state of Texas enforced its antitrust and corporation laws hastened the growth of several major new oil companies, most notably Gulf Oil and The Texas Company, by constraining the activities of Standard in the new fields. [1] Localized pollution in areas such as Beaumont-Port Arthur, Texas, was serious but rarely attracted attention from oil companies or state government before World War I. Drain-offs of crude soaked the ground in the fields immediately around the wells. [1]

The Corsicana oilfield discovery was monumental in bringing Texas into the national oil industry, but no discovery had as great an impact on Texas’ oil production than the discovery of oil at the Spindletop well located south of Beaumont. [1] The New Handbook of Texas summarizes the effect of Spindletop in this way: "The discovery of the Spindletop oil field had an almost incalculable effect on world history, as well as Texas history. [1]

The new Spindletop oilfield, which produced the first oil boom in Texas, reached peak production of 17,500,000 barrels in 1902, after which it diminished to insignificance until it was reentered in 1925 and during the 1950s and 1960s. [1]

RANKED SELECTED SOURCES(25 source documents arranged by frequency of occurrence in the above report)

1. (235) Age Of Oil (after 1901)

2. (79) OIL AND GAS INDUSTRY | The Handbook of Texas Online| Texas State Historical Association (TSHA)

3. (58) Texas oil boom - Wikipedia

4. (55) Timeline: Oil Dependence and U.S. Foreign PolicyOil Dependence and U.S. Foreign Policy | Council on Foreign Relations

5. (35) Oil and Texas: A Cultural History | Texas Almanac

6. (20) Lucich discovery of oil at Spindletop, Texas

7. (20) Timeline 1901

8. (14) The Oil Boom in Texas

9. (11) Food Prices Mirror Oil Prices: The Crude Oil - FAO Food Price Index Price Correlation | Joseph Dancy | FINANCIAL SENSE

10. (10) The Oil Age

11. (9) First Louisiana Oil Well - American Oil & Gas Historical Society

12. (8) Texas Oil in The Gusher Age by Brock Hewtty - Home

13. (7) Texas Oil Boom - Ancestry Insights

14. (7) Age of Oil, Prohibition and Womens Suffrage - Texas Our Texas

15. (6) Petrolia Oil Fields

16. (5) Boomtown by Beaumont - Texas Highways

17. (4) Boom Time in Texas

18. (3) Age of Oil - Wikipedia

19. (2) First oil - 1901-1908 | Our history | Who we are | BP

20. (2) Oil Production In Texas | StateImpact Texas

21. (1) The seven ages of oil: Boom and bust, war and peace, growth and decline

22. (1) The Day That Created the Oil Industry and Killed the Dot-Com Boom -- The Motley Fool

23. (1) John D. Rockefeller and the Oil Industry - Foundation for Economic Education - Working for a free and prosperous world

24. (1) Famous people of the Gilded Age | Biography Online

25. (1) Age of Oil (1901-1929) by Ritesh D on Prezi


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