Wyoming Prairie Oil & Gas Company
Petroleum exploration in Wyoming had gone on since reports of oil seeps in 1832 when Wyoming Prairie Oil & Gas Company joined the search in 1917.
Fur trappers in Wyoming Territory first reported finding oil seeps near Salt Creek. Tales of a “Great Tar Spring” had led to the earliest hand-dug oil wells there during the Civil War.
“The first recorded oil sale in Wyoming occurred along the Oregon Trail when, in 1863, enterprising entrepreneurs sold oil as a lubricant to wagon-train travelers” explains Wyohistory.org. “The oil came from Oil Mountain Springs some 20 miles west of present-day Casper.”
By 1884, six years before statehood, Mike Murphy, an oilman from Pennsylvania, used a steam-powered cable-tool rig to drill 300 feet deep and complete Wyoming’s first official oil well. Read more in First Wyoming Oil Wells.
With modest capitalization of $36,000 in 1917, Wyoming Prairie Oil & Gas Company incorporated in Cheyenne, Wyoming. The company soon had 640 acres under lease in the state’s Big Muddy oilfield. (more…)