This Week in Petroleum History, December 29 – January 4
December 30, 1854 – First American Oil Company incorporates –
George Bissell and six investors incorporated the Pennsylvania Rock Oil Company of New York. Convinced by natural seeps that oil could be produced 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…)
