Heartland Energy Development Corporation History Of Oil

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    Heartland Energy Development Corporation History Of Oil - Presentation Transcript

    1. The History of Oil's Use in Society The oil industry as we know it today has roots in another oil used a long time ago. This oil at the time was used to fuel lamps and was considered a technological advancement over the candle. The oil being used was harvested from the ocean in the form of blubber from the Sperm whale. This particular whale oil was considered to be of the highest quality, as it did not create smoke or odors while being burnt. Sadly the Sperm whale was hunted to the point that supply became scarce. It was the mid 1800’s and a need for an alternate lamp fuel had arisen. Around 1854 George Bissell began to experiment with a black liquid substance, referred to as “rock oil”, that ignited when touched by a flame. Believing that this new found substance could be refined and utilized as an alternate fuel to whale oil, Bissell, along with a few additional investors, created the Seneca Oil Company in New Haven, Connecticut. ©2009 Heartland Energy Development Corporation
    2. Drilling was already a widely used technology, although generally for different purposes, so the natural inclination was to drill for the oil. The man hired to oversee the job site at Oil Creek was Edwin L. Drake. The man Drake hired to do the drilling was William A. Smith. Beginning with a length of metal conduit that the drill tools would be used inside of, Smith and Drake finished building the drilling rig structure and began to drill for oil. Known as the Drake Well, this is considered to be the first well created in the U.S. for the sole purpose of extracting the oil from the ground. Soon drilling for oil would catch on from Oil Creek’s Pennsylvania origins to California and Texas. One particular location near Beaumont, Texas named Spindetop would become the site of yet another technological advancement in the drilling for oil. Spindletop, or “Big Hill”, stuck out like a sore thumb in comparison to the flat land surrounding Beaumont, so in 1890 after acquiring the land to Spindletop, Patillo Higgin’s along with a partner attempted to drill for oil. Higgin’s ran into trouble while digging the well that prevented him from reaching the oil resivoir so he looked to rent his land to an oil prospector. Anthony Lucas, an Austrian mining engineer, joined Higgin’s only to fail in his first attempt. Lucas then hired the Hamil brothers who were well known in Texas for drilling and were some of the first to utilize a new type of drill technology called the rotary drill. Unlike the Drake Well that was made using a cable-tool drilling rig, the well at Spindle Hill ©2009 Heartland Energy Development Corporation
    3. was finally tapped by using the newer rotary drill. This type of drill is the same style of drill that we use today in the majority of oil drilling operations. ----- Heartland Energy Development Corporation is a privately held oil and gas producer with an experienced team of management and industry expertise who specialize in developing domestic gas and oil fields. Learn more: http://www.heartlandenergydevelopment.com/ http://heartlandenergydevelopmentcorporation.com/ http://www.reuters.com/article/pressRelease/idUS240305+12- Feb-2009+MW20090212 http://heartlandenergydevelopmentcorporation.biz/ This is not an offer nor solicitation to buy - such may be done pursuant to a Heartland Energy Development Corporation Confidential Information Memorandum. ©2009 Heartland Energy Development Corporation
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