by Bruce Wells | Dec 30, 2024 | This Week in Petroleum History
December 30, 1854 – First American Oil Company incorporates –
George Bissell and six investors incorporated the Pennsylvania Rock Oil Company of New York. Convinced oil could be found in northwestern Pennsylvania, Bissell formed this first U.S. petroleum exploration company “to raise, manufacture, procure and sell Rock Oil” from Hibbard Farm in Venango County. (more…)
by Bruce Wells | Dec 26, 2024 | Petroleum Pioneers
New resource for making kerosene for lamps created the U.S. petroleum industry.
America’s petroleum exploration and production industry began in the mid-19th century when a lumber company sold 105 acres along a creek known for natural oil seeps.
On November 10, 1854, the lumber firm of Brewer, Watson & Company sold a parcel of the company’s land at the junction of the east and west branches of Oil Creek southeast of Titusville, Pennsylvania. (more…)
