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The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
That year, Columbus Marion "Dad" Joiner struck oil 100 miles (160 km) east of Dallas in Kilgore, spawning the East Texas oil boom, part of the larger Texas Oil Boom of the early 1900s. Dallas quickly became the financial center for the oil industry in Texas and Oklahoma. In the first months of 1931, 28 petroleum-related businesses either moved ...
Prior to Spindletop, oil was primarily used for lighting and as a lubricant. Because of the quantity of oil discovered, burning petroleum as a fuel for mass consumption suddenly became economically feasible. The frenzy of oil exploration and the economic development it generated in the state became known as the Texas oil boom. The United States ...
Two of the most notable events in American oil-industry history took place on Jan. 10, and so did one of the biggest mistakes in American corporate history. Let's take a look at these events.
The Strategic Petroleum Reserve : U.S. Energy Security and Oil Politics, 1975-2005 (Texas A&M University Press 2007) Black, Brian. Petrolia: The Landscape of America's First Oil Boom (Johns Hopkins UP, 2000) Clarke, Jeanne Nienaber. Roosevelt's Warrior: Harold L. Ickes and the New Deal (Johns Hopkins University Press, 1996); on oil in 1930s.
A petroleum economist says that while the Texas oil and gas industry remains robust, uncertainty still grips the global marketplace. Texas produced 1.92 billion barrels of oil in 2023. Here's why ...
After she completed her year as a student teacher in southern Oregon, Joleena Malugani (pictured) couldn't find work close to home. So she accepted the best offer she got -- which meant moving to ...
Goose Creek Field, c. 1919. The Goose Creek Oil Field is a large oil field in Baytown, Texas, on Galveston Bay.Discovered in 1903, and reaching maximum production in 1918 after a series of spectacular gushers, it was one of the fields that contributed to the Texas Oil Boom of the early 20th century.