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On April 17, 2013, an explosion and fire at ExxonMobil's Beaumont, Texas refinery injured at least 12 people and killed two. [21] The incident was caused by a hydrotreater heat exchanger, releasing hydrocarbons that ignited. Following the event, multiple negligence-based personal injury lawsuits were filed.
[7]: 129–132 Then in July 1901, the Hogg-Swayne Syndicate leased 15 acres from J.M. Guffey. [5]: 33 Spindletop was the largest gusher the world had seen and catapulted Beaumont into an oil-fueled boomtown. Beaumont's population of 10,000 tripled in 3 months and eventually rose to 50,000. [9] Speculation led land prices to increase rapidly.
The state's total production in 1900 had been only 836,000 barrels. The overabundance of supply led oil prices in the U.S. to drop to a record low of 3 cents per barrel, less than the price of water in some areas. [34] Beaumont almost instantly became a boomtown with investors from around the state and the nation participating in land speculation.
Output from Spindletop peaked at around 100,000 barrels per day (16,000 m 3 /d) just after it was discovered and then started to decline. [10] Later discoveries made 1927 the peak year of Spindletop production, [11] but Spindletop's early decline forced Gulf to seek alternative sources of supply to sustain its substantial investment in refining ...
In 1924, Magnolia Petroleum launched Beaumont's first radio station, KFDM ("Kall For Dependable Magnolene"), which would be leased to the Sabine Broadcasting Company in 1932 and sold to the Beaumont Broadcasting Corporation in 1937. KFDM broadcast at 315.6 metres (c. 950 kHz) on Tuesday and Friday evenings, with religious services heard Sunday ...
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
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