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Chapter 23: The Oil Boom
Section 1: The Birth of the Oil Industry
Bellwork

  •Name some
 products made
or derived from
       oil
The Search for Oil

                • Demand for
                  oil rose
                  after
                  scientists
                  developed
                  kerosene.
Kerosene Lamp
The Search for Oil
• Petroleum—dark thick
  liquid commonly called oil

• Fossil Fuel—fuel such as
  oil, coal, or gas, formed
  underground from plant or
  animal remains
The Search for Oil

• Lyne T. Barret—Civil War
  veteran who drilled for oil
  near Nacogdoches in 1866

• Strikes oil at 106 ft.

• Shut down due to lack of
  funds
The Search for Oil
• 1886: Oil struck in Bexar
  County
• 1889: Texas produces 48
  barrels of oil
• 1894: Corsicana oil strike
  produces first major oil field in
  Texas
The Search for Oil

• Derricks—
  towers
  that
  support oil
  drilling
  equipment
The Search for Oil

• 1896: Produced 1,450
  barrels of oil

• Refinery—factory where
  crude oil is refined, or made
  pure, and made into various
  products
The Search for Oil

• Oil used for:

 – Lubricating machinery

 – Kerosene for lamps

 – Sprinkled on dirt roads to
   keep dust down
The Spindletop Strike

                  • Patillo
                    Higgins—
                    person who
                    first drilled
                    for oil at
                    Spindletop
Patillo Higgins
The Spindletop Strike
• Anthony F.
  Lucas—
  engineer in
  charge of
  drilling when
  Spindletop
  first gushed
  oil             Anthony F. Lucas
The Spindletop Strike
                    • January 10,
                      1901: big oil
                      strike

                    • Shot 70,000
                      barrels oil/day
                      for 9 days

                    • Oil shot 200 ft.
Spindletop Gusher     high
Boom & Bust after Spindletop

• Spindletop discovery led to an
  economic boom

• 1902: Spindletop produced 20
  million barrels of oil—20% of
  the oil produced in the U.S.

• Supply of oil outpaced demand
Boom & Bust after Spindletop

• Production of oil at Spindletop soon
  began to drive the price of
  petroluem down

• 1902: oil hit low of 3 cents/barrel

• Spindletop drained of its reserves
Tx23.1

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Tx23.1

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