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On January 10, 1901, a well at Spindletop struck oil ("came in"). The Spindletop gusher blew for 9 days at a rate estimated at 100,000 barrels (16,000 m 3) of oil per day. [3] Gulf Oil and Texaco, now part of Chevron Corporation, were formed to develop production at Spindletop. [4] The Spindletop discovery led the United States into the oil age.
Emerson Francis Woodward (February 23, 1879 – May 24, 1943) was an oilman who co-founded the Yount-Lee Oil Company which made a major discovery at the Spindletop field near Beaumont, Texas. In 1935, Woodward and partners sold the company to Standard Oil & Gas for $46 million. He was born at Podunk, New York to William W. and Ida May LaGrange ...
The Lucas Gusher at Spindletop. January 10, 1901. In 1899, Lucas visited the Sour Spring Mound south of Beaumont, Texas, with Pattillo Higgins. This was the future site of Spindletop. Lucas noted, "This mound attracted my attention on account of the contour, which indicated possibilities for an incipient dome below, and because at the apex of ...
The boom at Spindletop was short lived. Overproduction depleted the oil and ruined many wells. By 1903, the field had begun to decline and within 10 years Spindletop Hill was virtually a ghost town. In 1926, Spindletop boomed again when new technology led to the discovery of oil on the flanks of the salt dome through deeper drilling.
1901 – The first great Texas oil gusher is discovered at Spindletop in Beaumont, Texas. [16] 1901 – New York: Automobile Club of America installs signs on major highways. [17] 1916 – World War I: Imperial Russia begins the Erzurum Offensive, leading to the defeat of the Ottoman Empire 's Third Army. [18]
Spindletop In the first great Texas gusher , oil was discovered at Spindletop in Beaumont, Texas . The Spindletop gusher subsequently blew for nine days at a rate estimated at 100,000 barrels (16,000 m 3 ) of oil per day. [ 43 ]
Lucas Gusher, Spindletop. Oil was discovered at nearby Spindletop on January 10, 1901. Spindletop became the first major oil field and one of the largest in American history. With the discovery of oil at Spindletop, Beaumont's population more than tripled in two months from 9,000 in January 1901 to 30,000 in March 1901. [citation needed]
Lucas and his colleagues struggled for two years to find oil at a location known as Spindletop Hill before making a strike in 1901. The new well produced approximately 100,000 barrels of oil per day, an unprecedented level of production at the time. [33] The 1902 total annual production at Spindletop exceeded 17 million barrels.