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In 1909, the State of Texas seized the refinery as an illegal affiliate of Standard Oil and sold in an auction to Magnolia Petroleum Co. [5] The refinery became Texas's third largest by 1920 under Magnolia as the company expanded throughout the region. [5]
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 ]
The South Texas Oilfield Expo is an oil and gas industry trade show held annually at the Henry B. Gonzalez Convention Center in San Antonio.Produced by trade show production company Event Equity Partners LLC, the expo was previously held at the American Bank Center in Corpus Christi.
The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west Texas in the Permian Basin. It was the largest total on record in history.
Oct. 1—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for July 2024 came from 158,063 oil wells and 83,833 gas wells, a ...
Location of the Yates Oil Field in Texas, showing major and nearby cities. Black lines are county boundaries. The Yates Oil Field is a giant oil field in the Permian Basin of west Texas. Primarily in extreme southeastern Pecos County, it also stretches under the Pecos River and partially into Crockett County.
In 1930, Columbus Marion Joiner, a self-educated prospector, discovered the East Texas Oil Field, the largest oil discovery that had ever been made. [42] 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 ...
(The Center Square) – Job growth in the Texas oil and natural gas industry continues to remain strong, contributing to Texas again leading the U.S. in job growth last month. In October, the ...