Discovery of Oil at Spindletop Transforms the Oil Industry
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Science, Economics, Natural Resources
- Subcategories: Business, Industry, Manufacturing, Factories, Energy, Fuel, Power Sources
- Curriculum: American History 1901-1950
- Geographical Location: Texas
- Date: January 10, 1901
Article abstract: The discovery of oil at the Spindletop field was the beginning of the Texas oil boom and led to the growth of a number of important present-day oil corporations.
Summary of Event
On January 10, 1901, at 10:30 a.m., the first major “gusher” came in at the Spindletop oil field. Spindletop was named for the salt dome known as the “Big Hill,” just south of Beaumont in southeastern Texas. This first major oil well at Spindletop at first produced 75,000 to 100,000 barrels per day, approximately 800,000 barrels before it was brought...
[The entire page is 2045 words long]
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