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Wildcatter
A wildcatter is an individual who drills wildcat wells, which are exploration oil wells drilled in areas not known to be oil fields. Notable wildcatters include Glenn McCarthy, Thomas Baker Slick Sr., Mike Benedum, Joe Trees, Clem S. Clarke, and Columbus Marion Joiner; Joiner is responsible for finding the East Texas Oil Field in 1930. The term was used in the early oil industry in western Pennsylvania. Oil wells in unproven territory were called "wild cat" wells from mid-1870, and those who drilled them were called "wild-catters" by 1876. For instance, the Titusville ''Herald'' noted in 1880: "The discovery of the fluid in New York State was the signal for a general exodus of wildcatters from all parts of the oil country ..." Etymology According to tradition, the origin of the term in the petroleum industry comes from Wildcat Hollow, now in Oil Creek State Park near Titusville, Pennsylvania. Wildcat Hollow was one of the many productive fields in the early oil era. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Petroleum Industry In The United States
The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent. Petroleum became a major industry following the Pennsylvania oil rush, oil discovery at Oil Creek, Pennsylvania, in 1859. For much of the 19th and 20th centuries, the US was the largest oil producing country in the world. US regained the position of the largest oil producing country in the world in 2018 and has kept it every year since as of 2022. 19th century Before the Drake well Native Americans had known of the oil in western Pennsylvania, and had made some use of it for many years before the mid-19th century. Early European explorers noted seeps of oil and natural gas in western Pennsylvania and New York. Interest grew substantially in the mid-1850s as scien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Well
An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas may be termed a gas well. Wells are created by drilling down into an oil or gas reserve and if necessary equipped with extraction devices such as pumpjacks. Creating the wells can be an expensive process, costing at least hundreds of thousands of dollars, and costing much more when in difficult-to-access locations, e.g., offshore. The process of modern drilling for wells first started in the 19th century but was made more efficient with advances to oil drilling rigs and technology during the 20th century. Wells are frequently sold or exchanged between different oil and gas companies as an asset – in large part because during falls in the price of oil and gas, a well may be unproductive, but if prices rise, even low-production wells may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glenn McCarthy
Glenn Herbert McCarthy (December 25, 1907 – December 26, 1988) was an American oil tycoon. The media often referred to him as "Diamond Glenn" and "The King of the Wildcatters". McCarthy was an oil prospector and entrepreneur who owned many businesses in various sectors of the economy. McCarthy founded the Shamrock Hotel in Houston, which garnered him national fame and inspired the fictional character Jett Rink in Edna Ferber's 1952 novel ''Giant''Distinguished HISD Alumni '''' which, in 1956, became [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Late Benedum
Michael Late Benedum (July 16, 1869 – July 30, 1959) was a wealthy businessman from Pittsburgh, Pennsylvania, who made his fortune in the oil and natural gas industry in the early 20th century. Benedum accumulated immense wealth and became one of the richest men in America. His story is still celebrated in West Virginia and Pennsylvania, where he is considered a true American success story. Early life and family Benedum was born in Bridgeport, West Virginia, Bridgeport, West Virginia. His mother, Caroline Southworth Benedum, named him after the family doctor Michael Late. Michael attended school until age 16, when he quit to take his first job at the Davison Flour Mill where he worked 12 hours a day and was paid $16 a month. His wife Sarah "Sadie" Nancy Lantz Benedum, often overshadowed by her husband Michael's fame, was a crucial figure in his life. A bright and independent woman, she wasn't just a wife but a partner in his success. Sadie offered invaluable advice and s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbus Marion Joiner
Columbus Marion Joiner, nicknamed Dad Joiner (March 12, 1860 – March 27, 1947), was an American politician oilman who at the age of seventy drilled the discovery well of the East Texas Oil Field of the 1930s. Newspaper articles referred to Joiner as the Daddy of the Rusk County Oil Field. Born in Lauderdale County, Alabama, Joiner's father was killed in 1864 during the American Civil War, and his mother died in 1868. Joiner had only seven weeks of formal schooling. Tutored at home by his sister, he was taught to read using the Bible, their only book. He learned to write by copying text from the Book of Genesis.Yergin, Daniel. ''The Prize, The Epic Quest for Oil, Money & Power'', Simon & Schuster, 1991, p. 244 Joiner left home in 1877, but returned in 1881 to marry and start a dry goods store in Muscle Shoals Canal. In 1883, he entered into the practice of law in Tennessee and was from 1889 to 1891 a member of the Tennessee House of Representatives. He relocated in 1897 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State
New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the fourth-most populous state in the United States, with nearly 20 million residents, and the 27th-largest state by area, with a total area of . New York has a varied geography. The southeastern part of the state, known as Downstate, encompasses New York City, the most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New York metropolitan area and account for approximately two-thirds of the state's population. The larger Upstate area spreads from the Great Lakes to Lake Champlain and includes the Adiro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Production
The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's ener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William M
William is a masculine given name of Germanic origin. It became popular in England after the Norman conquest in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will or Wil, Wills, Willy, Willie, Bill, Billie, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie). Female forms include Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the German given name ''Wilhelm''. Both ultimately descend from Proto-Germanic ''*Wiljahelmaz'', with a direct cognate also in the Old Norse name ''Vilhjalmr'' and a West Germanic borrowing into Medieval Latin ''Willelmus''. The Proto-Germanic name is a compound of *''wiljô'' "will, wish, desire" and *''helmaz'' "helm, helmet".Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxfor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydrocarbon Exploration
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as ''leads'') are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edwin Drake
Edwin Laurentine Drake (March 29, 1819 – November 9, 1880), also known as Colonel Drake, was an American businessman and the first American to successfully drill for oil. Early life Drake was born in Greenville, New York, on March 29, 1819, the son of Lyman and Laura Drake. He grew up on family farms around New York state and Castleton, Vermont, before leaving home at the age of 19. He spent the early parts of his life working the railways around New Haven, Connecticut, as a clerk, express agent, and conductor. Drake was a Freemason. Career Seneca Oil While petroleum oil was known prior to this, there was no appreciable market for it. Samuel Kier is credited with founding the first American oil refinery in Pittsburgh. He was the first person in the United States to refine crude oil into kerosene. Along with a new lamp to burn Kier's product, a new market to replace whale oil as a lamp oil began to develop. Seneca Oil Company, originally called the Pennsylvania Rock O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wildcat Banking
Wildcat banking was the issuance of paper currency in the United States of America, United States by poorly capitalized state-chartered banks. These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system. States granted banking charters readily and applied regulations ineffectively, if at all. Bank closures and outright scams regularly occurred, leaving people with worthless money. Operating in remote locations with limited or absent financial infrastructure, wildcat banks supplied a medium of exchange in the form of Bearer instrument, bearer notes that they issued on their own credit. These notes were formally redeemable in specie (i.e. gold or silver coins) but typically collateralized by other assets such as government bonds or mortgage note, real estate notes, or occasionally by nothing at all. Hence they carried a risk that the bank could not redeem them on demand. Terminology A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Creek State Park
Oil Creek State Park is a List of Pennsylvania state parks, Pennsylvania state park on in Cherrytree Township, Pennsylvania, Cherrytree, Cornplanter Township, Venango County, Pennsylvania, Cornplanter and Oil Creek Township, Venango County, Pennsylvania, Oil Creek Townships, Venango County, Pennsylvania, Venango County, Pennsylvania in the United States. The park is adjacent to Drake Well Museum, the site of the first successful commercial oil well in the United States, that was drilled under the direction of Colonel Edwin Drake. Oil Creek State Park follows Oil Creek (Allegheny River), Oil Creek, between Titusville, Pennsylvania, Titusville and Oil City, Pennsylvania, Oil City, and is on Pennsylvania Route 8. While the creek is the park's main recreational attraction, it also contains the sites of the first petroleum, oil boomtown and much of Pennsylvania's original oil industry. The park contains a museum, tableaux, and trails to help visitors understand the history of the oil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
