The document summarizes the birth of the oil industry in Texas. It details early attempts at drilling for oil in the 1860s and successful strikes in the 1880s and 1890s. On January 10, 1901, a major strike occurred at Spindletop Hill near Beaumont, Texas, where the Lucas Gusher erupted and shot 70,000 barrels of oil per day for 9 days, launching the modern oil industry. However, increased production from Spindletop caused oil prices to plummet, leading to an economic boom and bust around the new oil fields.

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. high Spindletop Gusher

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