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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.
MIDLAND, Texas — America's oil industry is booming — in a surprising way. It doesn't look much like the booms of the past, when companies would scramble to pump as much oil as possible and...
The Texas oil boom continued its frenzied pace throughout the early 1900s. The impact of all that black gold changed both the state and the nation. Boomtowns sprang up and derricks rose leg-to-leg on any patch of Texas landscape where oil looked possible.
The Permian oil boom in Texas is putting the U.S. on the energy map. This year, it's expected to generate millions of barrels per day.
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.
During the 1970s and 1980s the Texas oil and gas industry had what might well have been its last boom. Subsequently, economic, social, and political life in the state changed greatly. The petroleum industry, more than one-quarter of the state's economy in 1981, fell to half that level ten years later.
On January 10, 1901, something extraordinary happened near Beaumont, Texas. Workers drilling for oil at a site called Spindletop struck what is now known as the first major oil gusher in the United States. When the drill hit a deep underground reservoir, oil exploded out of the ground with incredible force.
What Is the Texas Oil Boom? The Texas Oil Boom was a turning point in the history of the state of Texas. Prior to this, the Texan economy had mostly been reliant on agriculture. The state consisted of mostly rural towns that had subsisted as homes for workers building the first railroads in America.
The Lucas geyser was the first major oil gusher (or blowout) of the Texas oil boom. Anthony F. Lucas, the leading United States expert on salt dome formations at the time, led the first successful effort for oil drilling on Spindletop Hill, south of Beaumont, that resulted in the Lucas geyser on January 10, 1901.
MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even thrived: the Permian Basin,...