This Week in Petroleum History, August 24 – 30
August 24, 1892 – “Prophet of Spindletop” founds Oil Exploration Company –
Patillo Higgins, who would become known as the “Prophet of Spindletop,” founded the Gladys City Oil, Gas & Manufacturing Company and leased 2,700 acres near Beaumont, Texas. Higgins believed oil-bearing sands could be found a few miles south of town. Most earth science experts said he was wrong.
A self-taught geologist, Higgins had noticed oil and natural gas seeps at Spindletop Hill while taking his Sunday school class on picnics. He later supervised the planning of Gladys City, which he named for his favorite student. (more…)
