Milestones: January 10, 2024
GEYSER OF OIL — BEAUMONT, TEXAS BECAME A GOLDEN BOOMTOWN AFTER A GUSHER OF OIL ERUPTED ON JAN. 10, 1901, after drilling began three months prior. Spewing upward was a mixture of mud, oil and natural gas. Named Lucas Geyser, it was the largest gusher worldwide at 150 feet and took nine days to cap. The oil from that geyser filled thousands of barrels, according to an article in the Texas Almanac online. As word of the gusher spread, the coastal town, about 85 miles northeast of Houston, was filled with prospectors, workers, investors and swindlers, which led to its nickname as “Swindletop.” Within the next year, more than 285 active wells had been staked and hundreds of oil and land companies had been established. Some of these companies are still in operation, although under different corporate names. An oil company originally named Humble Oil (for a town by the name Humble) was later acquired by Standard Oil.
Crude oil became the world’s first trillion-dollar industry. It is a natural mix of hundreds of different hydrocarbon compounds trapped in underground rock. It is also considered a fossil fuel, referring to the organic sediment from aquatic life that was pressurized and transformed into petroleum.
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