Spindletop - Geyser, Timeline & Discovery - HISTORY

https://www.history.com/topics/landmarks/spindletop
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Apr 22, 2010 ... On January 10, 1901, an enormous geyser of oil exploded from a drilling ... oil companies in America, including Gulf Oil, Texaco and Exxon, ... UPDATED:JUN 10, 2019ORIGINAL:APR 22, 2010 On January 10, 1901, an enormous geyser of oil exploded from a drilling site at Spindletop Hill, a mound created by an underground salt deposit located near Beaumont in Jefferson County, southeastern Texas. Reaching a height of more than 150 feet and producing close to 100,000 barrels a day, the “gusher” was more powerful than any previously seen in the world. A booming oil industry soon grew up around the oil field at Spindletop, and many of the major oil companies in America, including Gulf Oil, Texaco and Exxon, can trace their origins there. By the mid-19th century, the tremendous effects of the Industrial Revolution had created a need for a cheaper and more convenient fossil fuel than coal; this need would be filled by petroleum. Edwin Drake drilled the first well specifically intended to extract oil in northwestern Pennsylvania in 1859, and by the end of the century, Pennsylvania had produced more oil than any other state. Did you know? Today, Texas produces 1,087,000 barrels of oil per day. As for Texas, Native Americans living in the region had known about the sticky black tar found in the earth there for centuries, and had long used it for medicinal purposes. By the end of the 19th century, several discoveries of oil had been made in the southeastern part of the state, including small fields near Nacogdoches and at Corsicana. In 1900, however, total Texas oil production was 863,000 barrels, a small fraction of the national total of 63 million.



TIMELINE-Milestones in the history of the Dow industrials | Reuters

https://www.reuters.com/.../timeline-milestones-in-the-history-of-the-dow- industrials-idUSL1N0BT02820130305
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Mar 5, 2013 ... NEW YORK, March 5 (Reuters) - The Dow Jones industrial average pushed through ... April 1, 1901: U.S. Steel Corp, a consolidation of several ... NEW YORK, March 5 (Reuters) - The Dow Jones industrial average pushed through its all-time intraday high of 14,198.10 on Tuesday, surpassing a record set in 2007. It was the latest milestone for the Dow, which has been in existence for more than a century. Below is a list of key dates and landmark moments for the Dow. May 26, 1896: The Dow Jones industrial average makes its debut, consisting of the stocks of 12 companies: American Cotton Oil, American Sugar Refining Co, American Tobacco, Chicago Gas, Distilling & Cattle Feeding Co, General Electric Co, Laclede Gas Light Co, National Lead, North American Co, Tennessee Coal, Iron & Railroad Co, U.S. Leather (preferred) and U.S. Rubber. Of the original 12, only GE remains in the average. April 1, 1901: U.S. Steel Corp, a consolidation of several steelmakers and the largest company in the nation at the time, joins the Dow. It was removed May 6, 1991. Nov. 7, 1907: A buyout of Tennessee Coal, Iron and Railroad Co by U.S. Steel is completed, marking the only instance in which two current constituents of the Dow combine. General Electric replaces Tennessee Coal after having been removed twice from the average. 1916: The industrial average expands to 20 stocks. It was expanded again in 1928, to 30, where it still stands. Oct. 1, 1928: Standard Oil Co (New Jersey), an umbrella for John D. Rockefeller’s oil operations, joins the Dow. Standard Oil of New Jersey became Exxon Corp in 1972 and Exxon’s name changed to Exxon Mobil Corp in 1999, following an acquisition of Mobil Corp.



HH 10

https://www.exxon.com/en/find-station/clinton-nc-hh10-200312581
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