Corpus-Burk Oil Company
A wave of speculation followed North Texas petroleum discoveries beginning in 1911.
Oil booms in Electra, nearby Ranger (1917), and Burkburnett soon after brought many hastily created oil companies rushing to North Texas.
But as petroleum historians have noted, because most of the productive acres already had been leased, most of these companies would fail. Investors often still sought instant riches. (more…)
