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Texas Oil
Oil is a major part of the Texas economy. Texas has consistently been the leading oil producing state in the United States and in 2024, set a new record when 2 billion barrels were produced for the first time ever. It was first detected in 1543 on the water in Galveston Bay. The first oil well was drilled in 1866. Oil in Texas took off in 1901. History The history of oil in Texas dates back to July, 1543 when Spanish explorer Luis de Moscoso Alvarado detected it floating on the on the water in Galveston Bay. The first oil well was drilled by Lyne T. Barret in 1866. Oil in Texas took off in 1901 when Anthony Francis Lucas, an immigrant to the United States from Croatia (Then Austria-Hungary) along with Pattillo Higgins successfully drilled for oil in what is now known as Spindletop. The Spindletop oil field is considered by some to be the start of the petroleum age. Oil producing regions Major oil producing regions in Texas include the East Texas Oil Field and the Permian Bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Texas Oil Field
The East Texas Oil Field is a large oil reservoir, oil and gas field in east Texas. Covering and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. Over of oil have been produced from it to-date. It is a component of the Mid-continent oil field, the huge region of petroleum deposits extending from Kansas to New Mexico to the Gulf of Mexico. The field includes parts of Gregg County, Texas, Gregg, western Rusk County, Texas, Rusk, southern Upshur County, Texas, Upshur, southeastern Smith County, Texas, Smith, and northeastern Cherokee County, Texas, Cherokee counties in the northeastern part of the state. Overall the field is about long on the north-south axis, and five miles (8 km) to across. The producing sands were relatively shallow at about , and the oil contained in them was oil gravity, high gravity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texas Economy
The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.709 trillion as of 2024. In 2024, Texas had the most Fortune 500 companies of any state with 53 in total. As of 2023, Texas grossed more than $440 billion a year in exports, more than double the next highest state California ($178 billion). Texas would be ranked as the 8th largest economy among nations of the world by nominal GDP, ahead of Canada, South Korea, Russia, and Australia. In 2019, Texas had a median household income of $61,874. As of August 31, 2022 Texas had a total of $64.40 billion in state debt outstanding, including both general obligation and revenue debt. Texas has the second largest population in the country after California. History Historically four major business enterprises shaped the Texas economy prior to World War II: cattle and bison, cotton, timber, and oil. The first enterprise to enjoy major s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chevron Corporation
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation. Founded originally in Southern California during the 1870s, the company was then based for many decades in San Francisco, California, before moving its corporate offices to San Ramon, California, in 2001; on August 2, 2024, Chevron announced that it would be relocating its headquarters from California to Houston, Texas. Chevron traces its history back to the second half of the 19th century to small California-based oil companies which were acquired by Standard and merged into St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autry Stephens
Autry Carl Stephens (March 8, 1938 – August 16, 2024) was an American billionaire businessman, investor, and philanthropist best known for founding Endeavor Energy Resources based in Midland, Texas, in 1979. In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion, which ultimately led to Stephens being included on the Forbes 400 list (2023). Early life and education Stephens was born March 8, 1938, in De Leon, Texas, one of five children to Martin Elmore Stephens, a watermelon and peanut farmer, and Hazel Lila Stephens (née Johnson; 1905–2011). He earned his Bachelor of Science in 1961 and his Master of Science in 1962, both in Petroleum engineering from the University of Texas at Austin. Career Stephens founded Endeavor Energy Resources Endeavor Energy Resources (officially Endeavor Energy Resources LP) is a privately-held hydrocarbon exploration and production company based in Midland, Texas. Founded in 1979 by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sid Richardson
Sid Williams Richardson (April 25, 1891 – September 30, 1959) was an American businessman and philanthropist known for his association with the city of Fort Worth. Life and career A native of Athens in east Texas, Richardson attended Baylor University and Simmons College from 1910 to 1912. With borrowed money, he and a business partner, Clint Murchison Sr., amassed $1 million in the oil business in 1919–1920, but then watched their fortunes wane with the oil market, until business again boomed in 1933. Richardson was president of Sid Richardson Gasoline Co. in Kermit, Sid Richardson Carbon Company in Odessa, and Sid W. Richardson, Inc., in Fort Worth, and was a partner in Fort Worth-based Richardson and Bass Oil Producers. He began ranching in the 1930s and developed a love of Western art, particularly that of Frederic Remington and Charles M. Russell. He built one of the largest private collections of these artists' work, which opened to the public as the Sid Rich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clint Murchison Sr
Clint may refer to: * Clint (name), a given name and a surname Places *Clint, North Yorkshire, a village in England *Clint, Texas, a town in the United States Fictional characters *Clint Barton, a superhero in American comic books published by ''Marvel Comics'' *Clint, a playable character in the mobile game '' Mobile Legends: Bang Bang'' Other uses *CLiNT, a UK comic edited by Mark Millar *Clint, a feature of Limestone pavement A limestone pavement is a natural karst landform consisting of a flat, incised surface of exposed limestone that resembles an artificial Sidewalk, pavement. The term is mainly used in the UK and Ireland, where many of these landforms have devel ...s * ''Clint'' (film), a 2017 Malayalam-language Indian biographical film {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hugh Roy Cullen
Hugh Roy Cullen (July 3, 1881 – July 4, 1957) was an American industrialist and philanthropist. Cullen was heavily involved in the petroleum industry having struck oil near Texas in 1928. He was a large supporter of multiple educational institutions in and around Houston, in one of which, the University of Houston, he became a longtime chairman of the board of regents. He is considered one of the most important figures in Texas during the "oil boom" era. Biography Early life Cullen grew up in San Antonio with his mother and siblings; his father had abandoned the family when Roy was only four years old. A misguided kidnapping attempt by his father a couple of years later brought Roy closer to his mother, who was shaken by the event. Roy lived out his childhood in poverty, even resorting to dropping out of school in the fifth grade to work at a candy factory to help his mother pay the bills. At sixteen years of age, he made for Dallas, where he attempted to make amends with his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
T Boone Pickens
Thomas Boone Pickens Jr. (May 22, 1928 – September 11, 2019) was an American business magnate and financier. Pickens chaired the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. As of November 2016, Pickens had a net worth of $500 million.Joe Nocera"How T. Boone Pickens Sits Tight in the Riskiest of Businesses," ''The New York Times'', November 12, 2016. At the time of his death, his net worth stood at $500 million, after he had given away more than $1 billion to various philanthropic causes. Early life Pickens was born in Holdenville, Oklahoma, the son of Grace Marcaline (née Molonson), and Thomas Boone Sibley Pickens. His father worked as an oil and mineral landman (rights leaser). During World War II, his mother ran the local Office of Price Administration, rationing gasoline and other goods in three counties. Pickens was the first child born via Caesarean section in the history of Holdenville hospital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George W Bush
George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he is the eldest son of the 41st president, George H. W. Bush, and was the 46th governor of Texas from 1995 to 2000. Bush flew warplanes in the Texas Air National Guard in his twenties. After graduating from Harvard Business School in 1975, he worked in the oil industry. He later co-owned the Major League Baseball team Texas Rangers (baseball), Texas Rangers before being elected governor of Texas 1994 Texas gubernatorial election, in 1994. Governorship of George W. Bush, As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the Wind power in Texas, leading producer of wind-generated electricity in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George H
George may refer to: Names * George (given name) * George (surname) People * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Papagheorghe, also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George, son of Andrew I of Hungary Places South Africa * George, South Africa, a city ** George Airport United States * George, Iowa, a city * George, Missouri, a ghost town * George, Washington, a city * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Computing * George (algebraic compiler) also known as 'Laning and Zierler system', an algebraic compiler by Laning and Zierler in 1952 * GEORGE (computer), early computer built by Argonne National Laboratory in 1957 * GEORGE (operating system), a range of operating systems (George 1–4) for the ICT 1900 range of computers in the 1960s * GEORGE (programming language), an autocode system invented by Charles L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bud Adams
Kenneth Stanley "Bud" Adams Jr. (January 3, 1923 – October 21, 2013) was an American businessman who was the founder and owner of the Houston Oilers of the American Football League (AFL), of which he was also a co-founder. The franchise eventually was moved to Nashville, where it was renamed the Tennessee Titans, a National Football League (NFL) franchise. A member of the Cherokee Nation who originally made his fortune in the petroleum business, Adams was chairman and CEO of Adams Resources & Energy Inc., a wholesale supplier of oil and natural gas. He was instrumental in the founding and establishment of the former American Football League (AFL). Adams became a charter AFL owner with the establishment of the Oilers (now the "Titans"). He was the senior owner (by duration) with his team, now in the National Football League, a few months ahead of Buffalo Bills' owner Ralph Wilson. Adams also was one of the owners of the Houston Mavericks of the American Basketball Associat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valero Energy
Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.2 billion gallons per year, and 12 ethanol plants with a combined production capacity of 1.6 billion gallons as its subsidiaries. According to a number of estimates, Valero has become a major producer of corn ethanol and renewable diesel, both low-carbon liquid transportation fuels. History Valero was established on January 1, 1980, as a spinoff of Coastal States Gas Corporation's Subsidiary, LoVaca Gathering Company. The company took over the natural gas operations of the LoVaca Gathering Company, later renamed the Va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
