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The East Texas Oil Field is a large oil and gas field in east Texas. Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. [ 1 ]
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. This new oil field helped to revive Dallas's economy during the Great Depression, but sharply decreased interest in West Texas as the new supply led ...
Ira Yates, owner of the ranch and oil field, donated 152 acres (0.62 km 2) of his land for the townsite of Iraan, which town survives to the present day. Redbarn was abandoned in 1952. [10] The two major early operators of the field, Ohio Oil and Mid-Kansas, merged in 1962 to form Marathon Oil, which ran the field until
In 1984, 656.2 million barrels were produced; 108.4 million from Hastings East and 547.8 million from Hastings West. 12.7 million barrels were produced a day; 1.06 from Hastings East and 11.6 from Hastings West. By 1985, all but 5 oil wells were operating, all needing artificial lifts to produce; a total of 297 wells needed lifts to operate. [1]
Pages in category "Oil fields in Texas" The following 16 pages are in this category, out of 16 total. This list may not reflect recent changes. B. Barnett Shale; C.
Texas crude oil production set new records in six of the past 12 months in 2024. The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west ...
The field also seems to contain 16 trillion cubic feet of natural gas. [9] This is the first assessment of continuous resources in the Wolfcamp shale in the Midland Basin portion of the Permian. [9] During the 1980s, vertical wells produced oil in the Wolfcamp area. [10]
Location of the Spraberry Trend in Texas, showing major and nearby cities. Black lines are county boundaries. The Spraberry Trend (also known as the Spraberry Field, Spraberry Oil Field, and Spraberry Formation; sometimes erroneously written as Sprayberry) is a large oil field in the Permian Basin of West Texas, covering large parts of six counties, and having a total area of approximately ...