الجمعة، 1 سبتمبر 2017

Before the 1901 Spindletop well, Texas only experience with oil and gas was in Corsicana in 1894. That happened when metropolis of Corsicana drilled a few water boreholes at a depth only 1027 feet and the oil boom was on. The small town of Corsicana, (Just south of Dallas, Texas) became the first Texas Oil Boomtown.

The first well in the Spindletop Field was the Lucas #1 and was it a well. Unbelievable! This well blew oil and gas away for nine days before it was capped. I actually have been in the oil and gas business for years and I also have never heard of any well, anywhere, produce these type of creation numbers: 100, 000, 1000 Barrels of Oil daily. Are you kidding me personally? Whenever we had a well today that produced those kinds of daily numbers, that well would generate $9, 000, 500. 00 dollars every day or $270, 000, 000. 00 per month. The path of the Texas overall economy had been defined.

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