Beaumont, TX. 1901, 100,000 Bbls
/Day. Price of oil $2.00 per Barrel
The Capt. Lucas' Oil Well Jan 10, 1901. The oil industry was born this day, when a huge oil gusher was drilled on the flank of a salt dome at 1,020 feet. It shot in the air for 160 feet with 100,000 bbls of oil per day, out of control. The oil ws stored in an open earth pit, beside the railroad track. After 2 days, open fire from the trains set it on fire. A device called a Christmas Tree ws invented to control the flow after 9 days. With so much oil, the price dropped from $2.00 per bbbl. to only 30 cents per bbl. Note in 1945, George Gebhardt worked on a drill rig at Humble's Lovell Lake field, located only 8 mile from the Capt Lucas well. Tody, a bronze marker at the Spindletop location, tells the whole story.


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