A stock certificate from The Gas, Oil and Developing Company is noteworthy to collectors – but not for producing great wealth for its investors.
For this exploration company, which disappeared more than a century ago, more interesting is its connection to “The Gas That Wouldn’t Burn.”
In May 1903, The Gas, Oil and Developing Company drilled an exploratory well on William Greenwell’s farm near Dexter, Kansas, about 45 miles southeast of Wichita.
At a depth of just 560 feet, the company’s drill bit struck a formation that produced “a howling gasser” that flowed an estimated nine million cubic feet of natural gas a day. Read the rest of this entry »