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After almost 80 dry holes had been drilled throughout the state, on September 26, 1943, Humble Oil Company (later to become Exxon) discovered Florida's first producing oil well in the northwest portion of what is now Big Cypress National Preserve. [6]
Burnett Oil has coveted lands in the preserves filing applications with state and federal agencies to allow a 12,000-foot-deep exploration well. DEP: Texas oil company permit for exploratory well ...
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Precision Drilling Ltd. was founded in 1951. [3] In 1987, Precision Drilling was acquired by Cypress Drilling, led by president Hank Swartout, in a reverse takeover which left the company with a fleet of 19 rigs. [4] Swartout led the company through extensive growth until his retirement in 2007. [5]
2021: Big Cypress Hike and Signs Across the Alley Action on April 10, 2021 [ edit ] Osceola organized and lead a group of concerns citizens for a one day hike [ 14 ] into Big Cypress National Preserve to educate the public and to protest a proposed oil drilling plan.
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The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.