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In 1919, tax revenue from oil production surpassed $1 million ($17.6 million in today's terms) and in 1929 it reached $6 million ($106 million in today's terms). [ 34 ] [ 95 ] By 1940, the oil and gas industry accounted for approximately half of all taxes paid in the state.
April 7, 1926 - A lightning-caused fire, involving a 1 million gallon tank, near San Luis Obispo. [8] September 16, 1928 – George F. Getty Inc. well exploded at the Santa Fe Springs oil fields, igniting a fire that burned for almost two months. [10] July 12, 1951 - A tank farm fire in Wilmington injured 3. [11]
The data is considered likely un-comprehensive but still used the same definition of strikes as later periods. For this era, all strikes with more than six workers or less than one day were excluded. [3]: 2–3, 36 No concrete data was collected for the amount of strikes from 1906 to 1913 federally. [3]: 2-3, (8-9 in pdf)
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 Basi 2024: Another record-breaking year for Texas oil and ...
The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...
(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 ...
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
The major oil-producing regions of the U.S.—Texas, Oklahoma, Louisiana, Colorado, Wyoming, and Alaska—benefited greatly from the price inflation of the 1970s as did the U.S. oil industry in general. Oil prices generally increased throughout the decade; between 1978 and 1980 the price of West Texas Intermediate crude oil increased 250 ...