First Texas Oil Boom
Drilling for water in 1894, Corsicana discovered an oilfield and became the richest town in Texas.
In the summer of 1894, town leaders of Corsicana, Texas, hired a contractor to drill a water well on 12th Street, but the driller found oil instead. The town’s oilfield discovery launched the first Texas oil boom seven years before a more famous gusher at Spindletop Hill, 230 miles southeast.
Corsicana’s first oil well produced less than three barrels of oil a day, but it quickly transformed the sleepy agricultural town into a petroleum and industrial center. The discovery launched industries, including service companies and manufacturers of the newly invented rotary drilling rig.
The first Texas oil boom arrived in the summer of 1894 when the Corsicana oilfield is discovered by a drilling contractor hired by the city to find water. Residents annually celebrate the 1894 discovery with a Derrick Day Chili & BBQ Cook-Off.
Corsicana local historians consider the 1894 discovery well, drilled on South 12th Street, the first significant commercial oil discovery west of the Mississippi (Kansans claim the same distinction for an 1892 Neodesha oil well).
The American Well and Prospecting Company (from Kansas) made the oil strike on June 9, 1894, at a depth of 1,035 feet. The city council — angry and still wanting water for its growing community 55 miles south of Dallas — paid only half of the drilling contractor’s $1,000 fee. (more…)
