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Wildcatter
A wildcatter is an individual who drills wildcat wells, which are exploration oil wells drilled in areas not known to be oil fields. Notable wildcatters include Glenn McCarthy, Thomas Baker Slick Sr., Mike Benedum, Joe Trees, Clem S. Clarke, and Columbus Marion Joiner; the last is responsible for finding the East Texas Oil Field in 1930. The term dates from the early oil industry in western Pennsylvania. Oil wells in unproven territory were called "wild cat" wells from mid-1870, and those who drilled them were called "wild-catters" by 1876. For instance, the Titusville ''Herald'' noted in 1880: "The discovery of the fluid in New York State was the signal for a general exodus of wildcatters from all parts of the oil country ..." According to tradition, the origin of the term in the petroleum industry comes from Wildcat Hollow, now in Oil Creek State Park near Titusville, Pennsylvania. Wildcat Hollow was one of the many productive fields in the early oil era. A speculator wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glenn McCarthy
Glenn Herbert McCarthy (December 25, 1907 – December 26, 1988) was an American oil tycoon. The media often referred to him as "Diamond Glenn" and "The King of the Wildcatters". McCarthy was an oil prospector and entrepreneur who owned many businesses in various sectors of the economy. McCarthy founded the Shamrock Hotel in Houston, which garnered him national fame and inspired the fictional character Jett Rink in Edna Ferber's 1952 novel ''Giant''Distinguished HISD Alumni '''' which, in 1956, became [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydrocarbon Exploration
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as ''leads'') are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Late Benedum
Michael Late Benedum (July 16, 1869 – July 30, 1959) was a wealthy businessman from Pittsburgh, Pennsylvania, who made his fortune in the oil and natural gas industry in the early 20th century. Benedum was born in Bridgeport, West Virginia. His mother, Caroline Southworth Benedum, named him after the family doctor Michael Late. Michael attended school until age 16, when he quit to take his first job at the Davison Flour Mill where he worked 12 hours a day and was paid $16 a month. His only son, Claude Worthington Benedum, was born in 1898 in Cameron, West Virginia, but died at the age of 20 during the 1918 Spanish flu pandemic while working with the United States Army on chemical warfare. Career Benedum's career got a lucky start after a chance encounter on a train with a superintendent of the South Penn Oil Company. Benedum was known for his negotiating skills and his success as a wildcatter. He is said to have found "more oil in more places than anyone in histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joe Trees
Joseph Clifton Trees was a college football player at the University of Pittsburgh, the first athlete to receive an athletic subsidization at the school, and, possibly, an early professional football player. He later made millions of dollars in the oil industry and became a trustee and significant benefactor to the university and its athletic department. His hobbies included philanthropy, scientific research and agriculture. His estate in Gibsonia, Pennsylvania was devoted to a large extent to fruit trees. Early life Trees was born near Delmont, Pennsylvania in Westmoreland County, where his grandfather, Thomas Trees, had established a flour mill and a sawmill after immigrating from England. His parents, Isaac and Lucy Johnston Trees, later operated the mills and, as a youth, Joe worked in them. College football Trees first attended Indiana Normal School (now Indiana University of Pennsylvania). While playing in practice games against the Western University of Pennsylvania ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbus Marion Joiner
Columbus Marion Joiner, nicknamed Dad Joiner (March 12, 1860 – March 27, 1947), was an American oilman who at the age of seventy drilled the discovery well of the East Texas Oil Field of the 1930s. Newspaper articles referred to Joiner as the Daddy of the Rusk County Oil Field. Born in Lauderdale County, Alabama, Joiner's father was killed in 1864 during the American Civil War, and his mother died in 1868. Joiner had only seven weeks of formal schooling. Tutored at home by his sister, he was taught to read using the Bible, their only book. He learned to write by copying text from the Book of Genesis.Yergin, Daniel. ''The Prize, The Epic Quest for Oil, Money & Power'', Simon & Schuster, 1991, p. 244 Joiner left home in 1877, but returned in 1881 to marry and start a dry goods store in Muscle Shoals Canal. In 1883, he entered into the practice of law in Tennessee and was from 1889 to 1891 a member of the Tennessee House of Representatives. He relocated in 1897 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drilling Rig
A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers. Drilling rigs can sample subsurface mineral deposits, test rock, soil and groundwater physical properties, and also can be used to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels or wells. Drilling rigs can be mobile equipment mounted on trucks, tracks or trailers, or more permanent land or marine-based structures (such as oil platforms, commonly called 'offshore oil rigs' even if they don't contain a drilling rig). The term "rig" therefore generally refers to the complex equipment that is used to penetrate the surface of the Earth's crust. Small to medi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's population liv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Production
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William M
William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of England in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will, Wills, Willy, Willie, Bill, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie or the play ''Douglas''). Female forms are Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the given name ''Wilhelm'' (cf. Proto-Germanic ᚹᛁᛚᛃᚨᚺᛖᛚᛗᚨᛉ, ''*Wiljahelmaz'' > German ''Wilhelm'' and Old Norse ᚢᛁᛚᛋᛅᚼᛅᛚᛘᛅᛋ, ''Vilhjálmr''). By regular sound changes, the native, inherited English form of the name shoul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edwin Drake
Edwin Laurentine Drake (March 29, 1819 – November 9, 1880), also known as Colonel Drake, was an American businessman and the first American to successfully drill for oil. Early life Edwin Drake was born in Greenville, New York on March 29, 1819, the son of Lyman and Laura Drake. He grew up on family farms around New York state and Castleton, Vermont before leaving home at the age of 19. He spent the early parts of his life working the railways around New Haven, Connecticut as a clerk, express agent and a conductor. During this time, in 1845, he married Philena Adams who died while giving birth to their second child in 1854. Drake remarried three years later to Laura Dowd, sixteen years his junior, in 1857. During this summer, illness prevented Drake from carrying on with his job. He retained the privileges of a train conductor, including free travel on the railroads. By 1858, the Drake family found themselves living in Titusville, Pennsylvania. Seneca Oil While petroleu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wildcat Banking
Wildcat banking was the issuance of paper currency in the United States by poorly capitalized state-chartered banks. These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system. States granted banking charters readily and applied regulations ineffectively, if at all. Bank closures and outright scams regularly occurred, leaving people with worthless money. Operating in remote locations with limited or absent financial infrastructure, wildcat banks supplied a medium of exchange in the form of bearer notes that they issued on their own credit. These notes were formally redeemable in specie (i.e. gold or silver coins) but typically collateralized by other assets such as government bonds or real estate notes, or occasionally by nothing at all. Hence they carried a risk that the bank could not redeem them on demand. Terminology A wildcat bank is broadly defined as one that prints ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Creek State Park
Oil Creek State Park is a Pennsylvania state park on in Cherrytree, Cornplanter and Oil Creek Townships, Venango County, Pennsylvania in the United States. The park is adjacent to Drake Well Museum, the site of the first successful commercial oil well in the United States, that was drilled under the direction of Colonel Edwin Drake. Oil Creek State Park follows Oil Creek, between Titusville and Oil City, and is on Pennsylvania Route 8. While the creek is the park's main recreational attraction, it also contains the sites of the first oil boomtown and much of Pennsylvania's original oil industry. The park contains a museum, tableaux, and trails to help visitors understand the history of the oil industry there, and an excursion train. Oil Creek State Park was chosen by the Pennsylvania Department of Conservation and Natural Resources (DCNR) and its Bureau of Parks as one of "25 Must-See Pennsylvania State Parks". History The history of Oil Creek State Park is tied to the rise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
