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The Cushing Oil Field, also known as the Cushing-Drumright Oil Field, is an oil field in northeastern Oklahoma, part of the Mid-Continent oil province. The 10-mile (16 km) by 3-mile (4.8 km) field includes southeastern Payne County , northwestern Creek County , and northeastern Lincoln County .
It was the first well in the Cushing field to produce 1 million barrels of oil and established the Oklahoma record for production from a single well. The well was capped in the mid-1960s. The site includes concrete foundations, the capped well casing, and a sign. In 1980, eight neighboring wells continued to produce oil. [2]
In 1912, oil was discovered just one-mile north today's Drumright city limits and drilling began on the Cushing-Drumright Oil Field. By 1919, the Cushing-Drumright Field production site was thirty-two square miles, with a peak of 3,090 total oil wells. [2] The site was discovered by wildcatter Tom Slick, who struck oil on the farm of Frank ...
Drumright is a city in Creek and Payne counties in the U.S. state of Oklahoma. It began as an oil boom town. However, the population has declined as oil production has waned in the area. The population was 2,907 at the 2010 census, a figure almost unchanged from 2,905 in 2000. [4]
[2] [b] Slick moved his operation to Cushing, Oklahoma, about 35 miles (56 km) away. The Cushing Independent encouraged land-owning readers to deal with Slick. In January, 1912, The Shaffer and Slick group spudded in ("spudding" is an oil industry term meaning the beginning of actual drilling operations) [3] its first well on the farm of Frank ...
Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.
A 1912 oil boom led to the city's development as a refining center, [7] with over 50 refineries operating in Cushing over its history. [8] Today, Cushing is a major trading hub for crude oil and a price settlement point for West Texas Intermediate on the New York Mercantile Exchange [9] and is known as the "Pipeline Crossroads of the World."
The success of the well, drilled in 1912 by Thomas Baker Slick, Sr., led to the development of the Cushing field and gave impetus to the early development of Oklahoma oilfields. [2] The Drumright-Cushing field would go on to produce 310,000 barrels of oil a day at its peak in May 1917. [3] [4] The well made Slick's name as "King of the ...
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