This Week in Petroleum History, December 30 – January 5
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…)
