TX History Ch 23.1


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TX History Ch 23.1

  1. 1. Chapter 23: The Oil Boom Section 1: The Birth of the Oil Industry
  2. 2. Bellwork <ul><li>Name some products made or derived from oil </li></ul>
  3. 3. The Search for Oil <ul><li>Demand for oil rose after scientists developed kerosene. </li></ul>Kerosene Lamp
  4. 4. The Search for Oil <ul><li>Petroleum —dark thick liquid commonly called oil </li></ul><ul><li>Fossil Fuel —fuel such as oil, coal, or gas, formed underground from plant or animal remains </li></ul>
  5. 5. The Search for Oil <ul><li>Lyne T. Barret —Civil War veteran who drilled for oil near Nacogdoches in 1866 </li></ul><ul><li>Strikes oil at 106 ft. </li></ul><ul><li>Shut down due to lack of funds </li></ul>
  6. 6. The Search for Oil <ul><li>1886: Oil struck in Bexar County </li></ul><ul><li>1889: Texas produces 48 barrels of oil </li></ul><ul><li>1894: Corsicana oil strike produces first major oil field in Texas </li></ul>
  7. 7. The Search for Oil <ul><li>Derricks —towers that support oil drilling equipment </li></ul>
  8. 8. The Search for Oil <ul><li>1896: Produced 1,450 barrels of oil </li></ul><ul><li>Refinery —factory where crude oil is refined, or made pure, and made into various products </li></ul>
  9. 9. The Search for Oil <ul><li>Oil used for: </li></ul><ul><ul><li>Lubricating machinery </li></ul></ul><ul><ul><li>Kerosene for lamps </li></ul></ul><ul><ul><li>Sprinkled on dirt roads to keep dust down </li></ul></ul>
  10. 10. The Spindletop Strike <ul><li>Patillo Higgins —person who first drilled for oil at Spindletop </li></ul>Patillo Higgins
  11. 11. The Spindletop Strike <ul><li>Anthony F. Lucas —engineer in charge of drilling when Spindletop first gushed oil </li></ul>Anthony F. Lucas
  12. 12. The Spindletop Strike <ul><li>January 10, 1901: big oil strike </li></ul><ul><li>Shot 70,000 barrels oil/day for 9 days </li></ul><ul><li>Oil shot 200 ft. high </li></ul>Spindletop Gusher
  13. 13. Boom & Bust after Spindletop <ul><li>Spindletop discovery led to an economic boom </li></ul><ul><li>1902: Spindletop produced 20 million barrels of oil— 20% of the oil produced in the U.S. </li></ul><ul><li>Supply of oil outpaced demand </li></ul>
  14. 14. Boom & Bust after Spindletop <ul><li>Production of oil at Spindletop soon began to drive the price of petroluem down </li></ul><ul><li>1902: oil hit low of 3 cents/barrel </li></ul><ul><li>Spindletop drained of its reserves </li></ul>