Anglo-American Oil Company
The Anglo-American Oil Company of Beaumont was one more than 400 speculative oil companies organized in the wake of the great discovery at Beaumont, Texas, on January 10,1901…on Spindletop Hill.
The well flowed an estimated 100,000 barrels of oil a day and changed America forever.
Thousands of investors rushed to southeastern Texas to capitalize on the petroleum boom – even as the region’s oil production skyrocketed, driving oil prices to new lows. (more…)
