This Week in Petroleum History: July 15 – 21

July 16, 1907 – Drilling Pioneer patents Casing Shoe –

After drilling wells in Kern River oilfields, R. Carlton “Carl” Baker (1872-1957) of Coalinga, California, patented the Baker well-casing shoe. His cable-tool innovation at the bottom of the casing string increased efficiency and reliability for ensuring oil flowed through a well.

R.C. "Carl" Baker standing next to Baker Casing Shoes in 1914.

Reuben Carlton “Carl” Baker standing next to Baker Casing Shoes in 1914. Photo courtesy the now closed R.C. Baker Memorial Museum.

Baker, who in 1903 founded the Coalinga Oil Company, by 1913 had established the Baker Casing Shoe Company (renamed Baker Tools two years later). The inventor opened his first manufacturing plant in Coalinga before moving headquarters to Los Angeles in the 1930s. The company became Baker International in 1976 and Baker Hughes after a 1987 merger with Hughes Tool Company.

Learn more in Carl Baker and Howard Hughes.

July 16, 1926 – Oil Discovery launches Greater Seminole Area Boom

Three years after an oil well was completed near Bowlegs, Oklahoma, a gusher south of Seminole revealed the true oil potential of Seminole County. The Fixico No. 1 well penetrated the prolific Wilcox Sands formation at a depth of 4,073 feet.

Oil workers working on lowered traveling block in August 1939 in Seminole, Oklahoma, oilfield.

“Oil workers working on lowered traveling block” at well in Seminole oilfield, August 1939. Photo by Russell Lee (1903-1986) courtesy Library of Congress.

Drilled by R.F. Garland and his Independent Oil Company, the well was among more than 50 Greater Seminole Area oil reservoirs discovered; six were giants that produced more than one million barrels of oil each. With the Oklahoma City oilfield added in 1928, Oklahoma became the largest supplier of oil in the world by 1935.

Learn more in Seminole Oil Boom.

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July 16, 1935 – Oklahoma Publisher produces First Parking Meter

As the booming Oklahoma City oilfield added to the congestion of cars downtown, the world’s first parking meter was installed at the corner of First Street and Robinson Avenue. Carl C. Magee, publisher of the Oklahoma News, designed the Park-O-Meter No. 1, today preserved by the Oklahoma Historical Society.

Carl Magee, designer of the Park-O-Meter

Oklahoma college students helped Carl Magee design the Park-O-Meter No. 1. Photo courtesy Oklahoma Historical Society.

“The meter charged five cents for one hour of parking, and naturally citizens hated it, viewing it as a tax for owning a car,” noted historian Josh Miller in 2012. “But retailers loved the meter, as it encouraged a quick turnover of customers.”

Park-O-Meters were manufactured by MacNick Company of Tulsa, maker of timing devices used to explode nitroglycerin in wells — and oilfield competitor of the Zero Hour Bomb Company (see Zebco Reel Oilfield History).

July 16, 1969 – Kerosene fuels launch of Saturn V Moon Rocket

A 19th-century petroleum product made America’s 1969 moon landing possible. Kerosene powered the first-stage rocket engines of the Saturn V when it launched the Apollo 11 mission on July 16. Four days later, astronaut Neil Armstrong announced, “Houston, Tranquility Base here. The Eagle has landed.”

Saturn V launches burning "rocket grade" kerosene.

Powered by five first-stage engines fueled by “rocket grade” kerosene, the Saturn V was the tallest, heaviest and most powerful rocket ever built until the SpaceX Starship. Photos courtesy NASA.

Five engines of the Saturn V’s first stage burned “Rocket Grade Kerosene Propellant” at 2,230 gallons per second — generating almost eight million pounds of thrust. The fuel was a highly refined kerosene RP-1 (Rocket Propellant-1) that began as “coal oil” for lamps.

When Canadian Abraham Gesner (1797-1864) first refined the lamp fuel from coal in 1846, he coined the term kerosene from the Greek word keros (wax), but many people called it “coal oil.” A highly refined version of his product now fuels rockets, including the SpaceX Falcon 9.

Learn more in Kerosene Rocket Fuel.

July 18, 1929 – Darst Creek Oilfield discovered in West Texas

With initial production of 1,000 barrels of oil a day, the Texas Company No. 1 Dallas Wilson well revealed a new West Texas oilfield at Darst Creek in Guadalupe County, about five miles from the southwestern edge of the Luling oilfield. The field would be developed by Humble Oil and Refining (later Exxon), Gulf Production Company, Magnolia Petroleum (later Mobil), as well as the Texas Company (later Texaco).

The Petroleum Museum in Midland, Texas, in 2019 erected a Emsco metal derrick used in the Darst Creek in the late 1920s. Photo courtesy the Petroleum Museum.

The Petroleum Museum of Midland, Texas, in 2019 erected a circa 1930 derrick used in the Darst Creek oilfield. Photo courtesy the Petroleum Museum.

By December 1931, the Darst Creek field produced more than 19.7 million barrels of oil from an average depth of 2,650 feet, according to a Humble Oil geologist, who noted that of the 291 wells drilled, just 19 were dry holes. The West Texas field also was among the first to operate under proration.

“To avoid the risks of unregulated production with a resulting loss of reservoir pressure, water encroachment and cheap crude prices, the operators agreed to voluntary proration in the field,” noted a Petroleum Museum newsletter, adding that “voluntary proration proved to be difficult to maintain.”

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July 19, 1915 – Petroleum powers Washers and Mowers

Howard Snyder applied to patent his internal combustion-powered washing machine, assigning the rights to the Maytag Company. His washer for “the ordinary farmer” who lacked access to electricity used a one-cylinder, two-cycle engine that could operate using gasoline, kerosene, or alcohol.

Magazine ads for early gas-powered washing machines and lawnmowers.

Advertisements featured two popular consumer products powered by air-cooled internal combustion engines.

Four years later, Edwin George of Detroit removed the engine from his wife’s Maytag washing machine and added it to a reel-type lawnmower. His invention launched the Moto-Mower Company, which sold America’s first commercially successful gasoline-powered lawn mower.

July 19, 1957 – Oilfield discovered in Alaska Territory

Although some oil production had occurred earlier in the territory, Alaska’s first commercial oilfield was discovered by Richfield Oil Company, which completed its Swanson River Unit No. 1 in Cook Inlet Basin. The well yielded 900 barrels of oil per day from a depth of 11,215 feet.

Anchorage Daily Times headline "Richfield Hits Oil"

Even the Anchorage Daily Times could not predict oil production would account for more than 90 percent of Alaska’s revenue.

Alaska’s first governor, William Egan, proclaimed the oilfield discovery provided “the economic justification for statehood for Alaska” in 1959. Richfield leased more than 71,000 acres of the Kenai National Moose Range, now part of the 1.92 million-acre Kenai National Wildlife Refuge.

By June 1962, about 50 wells were producing more than 20,000 barrels of oil a day. Richfield Oil Company merged with Atlantic Refining Company in 1966, becoming Atlantic Richfield (ARCO), which with Exxon discovered the giant Prudhoe Bay field in 1968.

Learn about the 49th state in First Alaska Oil Wells.

July 20, 1920 – Discovery Well of the Permian Basin

The Permian Basin made headlines in 1920 when a wildcat well erupted oil from a depth of 2,750 feet on land owned by Texas Pacific Land Trust agent William H. Abrams, who just weeks earlier had discovered the West Columbia oilfield in Brazoria County south of Houston.

The latest W.H. Abrams No. 1 well — “shot” with nitroglycerin by the Texas Company (later Texaco) — proved to be part of the Permian Basin, encompassing 75,000 square miles in West Texas and southeastern New Mexico.

Map of Permian Basin in West Texas.

The Permian Basin would become the leading source of U.S. oil. Image courtesy Rigzone.

According to a Mitchell County historical marker, “land that sold for 10 cents an acre in 1840 and $5 an acre in 1888 now brought $96,000 an acre for mineral rights, irrespective of surface values…the flow of oil money led to better schools, roads and general social conditions.”

A 1923 Permian Basin well near Big Lake brought yet another Texas drilling boom — and helped establish the University of Texas (see Santa Rita taps Permian Basin).

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July 20, 2006 – Hughes Glomar Explorer recognized as Engineering Landmark

Former top-secret CIA ship Hughes Glomar Explorer, which became a pioneering petroleum industry drillship, was designated a mechanical engineering landmark during a Houston awards ceremony that included members of the original engineering team and the ship’s crew.

Design illustration for 1970s top-secret CIA ship Hughes Glomar Explorer.

The American Society of Mechanical Engineers (ASME) in 2006 proclaimed Hughes Glomar Explorer, “a technologically remarkable ship.” Illustration courtesy ASME.

The American Society of Mechanical Engineers (ASME) designated the vessel, a technologically remarkable ship and historic mechanical engineering landmark. Built in 1972 as a clandestine Soviet submarine recovery project, the vessel’s design was “decades ahead of its time for working at extreme depths.” Modified and relaunched in 1998, Glomar Explorer became the pioneer of all modern drillships.

Learn more in Secret History of Drill Ship Glomar Explorer.

July 21, 1935 – “Diamond Glenn” McCarthy strikes Oil

Glenn H. McCarthy struck oil 50 miles east of Houston in 1935, extending the already prolific Anahuac field. The well was the first of many for the Texas independent producer who would discover 11 Texas oilfields by 1945.

McCarthy became known as another “King of the Wildcatters” and “Diamond Glenn” by 1950, when his estimated worth reached $200 million ($2 billion today).

 petroleum history july 20

Glenn McCarthy appeared on TIME magazine in 1950.

In addition to his McCarthy Oil and Gas Company, McCarthy eventually owned a gas company, a chemical company, a radio station, 14 newspapers, a magazine, two banks, and the Shell Building in Houston. In the late 1940s, he invested $21 million to build the 18-story, 1,100-room Shamrock Hotel — and reportedly spent $1 million on its St. Patrick’s Day 1949 opening gala, which newspapers dubbed, “Houston’s biggest party.”

Learn more in “Diamond Glenn” McCarthy.

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Recommended Reading: Stages to Saturn: A Technological History of the Apollo/Saturn Launch Vehicles (2003); Wildcatters: Texas Independent Oilmen (1984); From the Rio Grande to the Arctic: The Story of the Richfield Oil Corporation (1972); Kenai Peninsula Borough, Alaska (2012); Texon: Legacy of an Oil Town, Images of America (2011); Oil in West Texas and New Mexico (1982); The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes (2009). Your Amazon purchase benefits the American Oil & Gas Historical Society. As an Amazon Associate, AOGHS earns a commission from qualifying purchases.

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The American Oil & Gas Historical Society (AOGHS) preserves U.S. petroleum history. Please become an AOGHS annual supporter and help maintain this energy education website and expand historical research. For more information, contact bawells@aoghs.org. © 2024 Bruce A. Wells. All rights reserved.

“Diamond Glenn” McCarthy

Texas independent oil producer who “rocketed into the national imagination in the late 1940s.”

 

As giant oilfield discoveries created Texas millionaires after World War II, people started calling “Diamond Glenn” McCarthy the reigning King of the Wildcatters. Some historians have said a $21 million hotel McCarthy opened in 1949 put Houston on the map. 

Glenn H. McCarthy’s petroleum career began with a 1935 well 50 miles east of Houston when he and partner R.A. Mason completed their No. 1 White well with production of almost 600 barrels of oil a day. The well extended by three miles to the north the already productive Anahuac field, which McCarthy had discovered earlier.

TIME magazine February 13, 1950, cover featuring oilman Glenn McCarthy.

After discovering 11 Texas oil fields, Glenn McCarthy appeared on the February 13, 1950, cover of TIME.

By 1945, McCarthy had gone on to discover 11 new oilfields and extend others. In Brazoria County a year later he drilled the highest-pressure gas well drilled to that time. Described as a “bombastic, plucky Irishman best known for building the famous Shamrock Hotel,” the Texas independent oilman would be featured on the February 13, 1950, cover of TIME. (more…)

Glenn McCarthy, Inc.

Just two years after being featured on the cover of TIME in 1950, Texas wildcatter “Diamond” Glenn McCarthy was in serious financial trouble with one of his many oil ventures. On April 8, 1952, the Baytown (Texas) Sun reported, ”Glenn McCarthy stepped down today as chairman of the board of the firm which made him a multimillionaire – but couldn’t pay its bills.”

The McCarthy Oil & Gas Company mortgage debt was $34 million, including his beloved 18-story, 1,100-room Shamrock Hotel, which “introduced Houston as a dynamic city of the future to the rest of the nation,” the Houston Business Journal later proclaimed. McCarthy Oil & Gas was lost to the Equitable Assurance Society of the United States, prompting McCarthy’s ouster.

Glenn McCarthy

Texas independent producer Glenn McCarthy appeared on the February 13, 1950, cover of TIME.

Undeterred, the Texas wildcatter who had discovered 11 oilfields by 1945 announced formation of a new company, Glenn McCarthy, Inc. He would seek new oil and natural gas fields in Bolivia. His plan was that the new firm would be a “poor man’s” company with 60 million shares to be sold at $2 each, encouraging “little investors” to gamble on his wildcatting reputation.

In October 1953, McCarthy offered the first 10 million shares of Glenn McCarthy, Inc. to the public. The company prospectus noted it was a speculative venture, with its principle assets being petroleum leases in Bolivia totaling 970,000 acres in the Andes foothills.

McCarthy intended to market the oil and natural in Bolivia, Argentina, and Uruguay, but not in the distant United States. Newspapers reported McCarthy had launched, “a new effort to climb from ‘rags to riches,’ a route over which he’s passed several times in both directions.”

A blitz of sales promotions and mail-in stock order forms reached newspapers all over Texas. Then came good news from South America: In September 1954, Glenn McCarthy, Inc., completed its first Bolivian oil well. The discovery was on the Los Monos concession and produced 100 barrels of oil a day in addition to some natural gas. The well’s depth was reported to be between 9.000 feet and 12,000 feet – the deepest well in Bolivia.

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However, the lack of pipeline and rail infrastructure prohibited effective marketing of the crude oil to refineries (a frequent problem for wells drilled in remote areas, see Million Barrel Museum). Lack of infrastructure proved disastrous for Glenn McCarthy, Inc.

As described in The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes, by Bryan Burrough, “McCarthy dragged himself back from Bolivia in 1957, bruised, battered, and, if not exactly penniless, no longer a rich man; unable to build a pipeline to transport the natural gas he had discovered, he sold his Bolivian interests to a group of American companies for $1.5 million, much of which he used to repay debts.“

Although McCarthy recovered somewhat financially, the Glenn McCarthy, Inc., passed into history, joining the legend of “Diamond Glenn” and leaving its collectible stock certificates. McCarthy and his wife Faustine lived a quiet life in a modest two-story house near La Porte, Texas. The once famous Texas wildcatter died the day after Christmas, 1988.

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The stories of exploration and production companies joining petroleum booms (and avoiding busts) can be found updated in Is my Old Oil Stock worth Anything? The American Oil & Gas Historical Society preserves U.S. petroleum history. Please support this energy education website. For membership information, contact bawells@aoghs.org. © 2021 AOGHS. All rights reserved.

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