Oil derricks in the Oklahoma City Field in 1930 stood silent for one hour in tribute to Tom Slick.
Once known as “Dry Hole Slick,” wildcatter Thomas B. Slick discovered Oklahoma’s giant Cushing oilfield in 1912 and became known as the “King of the Wildcatters.” Today Cushing is the “Pipeline Crossroads of the World,” the trading hub for oil in North America – and the daily settlement point for prices, including West Texas Intermediate.
The owner of Spurlock Petroleum Company, Alexander Massey, enjoyed great success in the Kansas oilfields after finding oil or natural gas in 25 consecutive wells. In 1904, Massey hired an inexperienced 21-year-old “lease man” named Thomas Baker Slick for a 25 percent share in all the leases the young man could secure. They went to Tryon, Oklahoma, to look for oil.
When Oklahoma’s “King of the Wildcatters” Thomas B. Slick suddenly died from a stroke at age 46 in 1930, the oil derricks in the Oklahoma City field stood silent for one hour in tribute. Photo courtesy Library of Congress.
Massey later recalled that Slick, born in Shippenville, Pennsylvania, in 1883, showed a talent for securing petroleum leases. “Tom would go out and lease most of a territory as yet unproved or doubtful as to oil prospects,” Massey noted. “But he’d spread as clean a bunch of leases before a capitalist as you’d wish to see…He certainly knew what a good oil lease was.”
Spurlock Petroleum Company spudded an exploratory well on the farm of M.C. Teegarden near Tryon. As Slick continued securing leases that eventually totaled more than 27,000 acres, drilling generated excitement in the local newspaper and with other Oklahoma wildcatters.
Once known as “Dry Hole Slick” by many, on March 12, 1912, Thomas B. Slick discovered Oklahoma’s giant Cushing oilfield.
However, at a depth of 2,800 feet with no signs of oil, Spurlock Petroleum and owner Massey ran out of money. Tom Slick’s first well was a dry hole. It was the first of many.
Dry Hole Slick
In 1907, after another dry hole near Kendrick, Oklahoma, Slick left the employ of Massey and headed for Chicago, Illinois. Charles B. Shaffer of the Shaffer & Smathers Company hired Slick for $100 per month (and expenses) to find and secure promising oil leases.
Slick traveled to Illinois, Kentucky, western Canada, and eventually, back to Oklahoma. While leasing for Shaffer & Smathers, the young oilman drilled at least ten dry holes in Oklahoma, earning his unenviable nickname, “Dry Hole Slick.”
An example of township leases similar to those negotiated by Tom Slick, from the Atlas of North Central Oklahoma 1917 Oil Fields and Landowners: Oklahoma, M. P. Burke, 1917.
The Bristow Record newspaper reported that Slick, “continues to gamble on wild cat stuff. Few men have stuck to the wildcatting longer and harder than Slick and associates. It is said he has spent $150,000 mostly on dry holes.” Now also known as “Mad Tom” Slick, he tried his luck again just 35 miles down the road, in Cushing.
As “Mad Tom” pursued new leases in 1912, publications like the Cushing Independent encouraged readers to take advantage of leasing opportunities. “Land owners have everything to gain and no risk to themselves in making leases,” the newspaper reported on January 25.
“It costs from $8,000 to $10,000 to put down a single hole,” the newspaper noted. “Unless the promoters can get the leases they want they will not chance their money here, while other localities are eager to give leases and even bonuses in money to get prospecting done.”
The Cushing Democrat added, “We would repeat that we believe it to the best interests of the individuals and all that these leases be granted…And just a word of warning. If you make a lease see that the lessees name is not left blank, but that the name of Thomas B. Slick is there.”
Slick and Charles Shaffer spudded a wildcat well on the farm of Frank M. Wheeler in January 1912.
Cushing Gusher and Crafty Moves
On March 12, 1912, the Wheeler No. 1 well struck oil, producing about 400 barrels a day from a depth between 2,319 and 2,347 feet. It marked Tom Slick’s first gusher — and a giant oilfield discovery. Slick was so secretive about his find that he even cut the phone line to the Wheeler house to prevent word from spreading.
Knowing that exploration companies and speculators would descend in droves on the town once word got out, Slick protected his investment. Just how he did so would be described by a frustrated competing lease man to his boss:
You see, sir, Slick and Shaffer roped off their well on the Wheeler farm and posted guards and nobody can get near it…I got a call yesterday at the hotel in Cushing from a friend who said they had struck oil out there. A friend of his was listening in on the party line and heard the driller call Tom Slick at the farm where he’s been boarding and said they’d hit.
Pump stations in the Cushing oilfield, 1910-1918, from the Oklahoma Historical Society. More than 50 refineries once operated in the Cushing area about 50 miles west of Tulsa. Pipelines and storage facilities have since made it “the pipeline crossroads of the world.”
Well, I rushed down to the livery stable to get a rig to go out and do some leasing and damned if Slick hadn’t already been there and hired every rig. Not only there, but every other stable in town. They all had the barns locked and the horses out to pasture. There’s 25 rigs for hire in Cushing and he had them all for ten days at $4.50 a day apiece, so you know he really thinks he’s got something.
I went looking for a farm wagon to hire and had to walk three miles. Some other scouts had already gotten the wagons on the first farms I hit. Soon as I got one I beat it back to town to pick up a notary public to carry along with me to get leases — and damned if Slick hadn’t hired every notary in town, too.
Eleven days later the news had spread. As a leasing frenzy grew the Tryon Star reported, “Our old friend Tom Slick the oilman has struck it rich…Slick has been plugging away for several years and has put down several dry holes…He deserves this success and here’s hoping that it will make Tom his millions.”
New King of the Wildcatters
Tom Slick’s No. 1 Wheeler was the discovery well for the prolific Drumright-Cushing oilfield, which produced for the next 35 years, reaching 330,000 barrels every day at its peak.
Oklahoma’s Drumright Historical Society Museum includes the town’s 1915 Santa Fe Railroad Depot, which is listed in the National Register of Historic Places.
Slick was suddenly a very rich man. After his dramatic success in Drumright and Cushing, he began an incredible 18-year streak of discoveries in some of the nation’s most prolific oilfields. Visit the Drumright Historical Society Museum.
Slick was active in the Seminole Area, especially the oilfields of Pioneer, Tonkawa, Papoose, and Seminole. He secured leases and drilled wells that consistently paid off.
Slick’s oil gushers were spectacular: No. 4 Eakin — 10,000 barrels per day; No. 1 Laura Endicott — 4,500 barrels per day; No. 1 Walker — 5,000 barrels per day; No. 1 Franks — 5,000 barrels per day (see Greater Seminole Oil Boom).
Reflecting on his fortunes late in his career, he noted, “If I strike oil everyone calls it Tom Slick’s luck, (but) I call it largely judgment based upon experience. Some folks don’t recognize good luck when they meet it in the middle of the road. So I have been fortunate, or lucky, whichever you call it, but I’ve also done a lot of calling good luck to bring it my way.”
Newly discovered oilfields of the mid-1920s brought prosperity — and traffic jams — to Seminole, Oklahoma. Photo courtesy the Oklahoma Oil Museum.
Slick’s leases in Oklahoma, Kansas, and Texas produced millions of barrels of oil. Production from his wells reached 35,000 barrels of oil a day 1929, and he was proclaimed the largest independent oil operator in the United States with a net worth estimated from $35 million and up to $100 million.
By 1930, in the Oklahoma City field alone, Slick had 45 wells being drilled, more than 30 wells completed, and the capacity to produce 200,000 barrels of crude daily. Across the Mid-Continent, stories of Tom Slick’s business acumen and integrity grew with his fortune.
It was often told how Slick once closed a $100,000 deal for a prized Seminole lease on a street corner. He met the owner on the street and inquired, “What do you want for that lease’ ‘A hundred thousand dollars,’ replied the owner. ‘It’s a sale, bring in your deeds,’ said Slick.”
Thomas B. Slick is among those honored at an outdoor plaza at the Sam Noble Museum, University of Oklahoma, in Norman.
Thomas B. Slick’s death from a stroke in August 1930 at the age of 46 abruptly ended a career that had helped supply an energy hungry nation with the petroleum it needed to grow.
“Oil derricks in the Oklahoma City Field stood silent for one hour in tribute,” reported the Oklahoma Historical Society. Slick’s biggest strike came a week after he died when his Campbell No. 1 well in Oklahoma City produced 43,200 barrels of oil per day.
Stories about the “King of the Wildcatters” and his oilfield discoveries would spread across the Mid-Continent. Thomas B. Slick, — no longer known as “Mad Tom” or “Dry Hole Slick” — joined other Oklahoma petroleum industry leaders honored at the Conoco Oil Pioneers of Oklahoma Plaza.
By the end of the 20th century, more than one-half million Oklahoma oil and natural gas wells were drilled since an oilfield discovery at Bartlesville in 1897 (learn more in First Oklahoma Oil Well).
More about Slick and his extraordinary oilfield career can be found King of the Wildcatters, the Life and Times of Tom Slick, 1883–1930 by Ray Miles, professor of history and dean of the college of liberal arts at McNeese State University, Lake Charles, Louisiana.
For example, Miles relates that in 1933, a friend and business partner of the Oklahoma wildcatter was kidnapped and held for ransom. Once released, Charles Urschel assisted the FBI in catching his abductors, including George “Machine Gun” Kelly, who was sentenced to life in Alcatraz.
Citation Information – Article Title: “Oklahoma’s King of the Wildcatters.” Authors: B.A. Wells and K.L. Wells. Website Name: American Oil & Gas Historical Society. URL: https://aoghs.org/petroleum-pioneers/wildcatter-tom-slick. Last Updated: December 30, 2023. Original Published Date: December 1, 2004.
March 4, 1918 – West Virginia Well sets World Depth Record –
Hope Natural Gas Company completed an oil well at a depth of 7,386 feet on the Martha Goff farm in Harrison County, West Virginia. The well, drilled northeast of Clarksburg using cable-tools, was the world’s deepest at the time — until surpassed by a 1919 well drilled in nearby Marion County. The previous world depth record had been 7,345 feet for a well in Germany.
This 1918 West Virginia oil well was the world’s deepest. Photo courtesy West Virginia Oil and Natural Gas Association.
In 1953, the New York State Natural Gas Corporation claimed the world’s deepest cable-tool well at a depth of 11,145 feet near the New York town of Van Etten. By 2018, a rotary rig depth record was reached by a Russian well drilled 40,502 feet deep on Sakhalin Island.
March 4, 1933 – Oklahoma City Oilfield under Martial Law
Oklahoma Governor William H. “Alfalfa Bill” Murray declared martial law to enforce his regulations strictly limiting production in the Oklahoma City oilfield, discovered in December 1928. Two years earlier, Murray had called a meeting of fellow governors from Texas, Kansas and New Mexico to create an Oil States Advisory Committee, “to study the present distressed condition of the petroleum industry.”
William “Alfalfa Bill” Murray in 1932.
Elected in 1930, the controversial politician was called “Alfalfa Bill” because of speeches urging farmers to plant alfalfa to restore nitrogen to the soil. By the end of his administration, Murray had called out the National Guard 47 times and declared martial law more than 30 times. He was succeeded as Oklahoma governor by E.W. Marland in 1935.
March 4, 1938 – Giant Oilfield discovery in Arkansas
The Kerr-Lynn Oil Company (a Kerr-McGee predecessor) completed its Barnett No. 1 well east of Magnolia, Arkansas, discovering the giant Magnolia oilfield, which would become the largest producing field (in volume) during the early years of World War II, helping to fuel the American war effort.
Crew members stand in front of their 1938 giant oilfield discovery well at Magnolia, Arkansas. Photo courtesy W.B. “Buzz” Sawyer.
The southern Arkansas gusher launched a Columbia County oil boom similar to Union County’s Busey-Armstrong No. 1 well southwest of El Dorado in January 1921.
March 5, 1895 – First Wyoming Refinery produces Lubricants
Near the Chicago & North Western railroad tracks in Casper, Civil War veteran Philip “Mark” Shannon and his Pennsylvania investors opened Wyoming’s first refinery. It could produce 100 barrels a day of 15 different grades of lubricant, from “light cylinder oil” to heavy grease. Shannon and his associates incorporated as Pennsylvania Oil and Gas Company.
The original Casper oil refinery in Wyoming, circa 1895. Photo courtesy Wyoming Tales and Trails.
By 1904, Shannon’s company owned 14 wells in the Salt Creek field, about 45 miles from the company’s refinery (two days by wagon). Each well produced up to 40 barrels of oil per day. Despite Casper’s improved railroad access, transportation costs meant Wyoming oil could not compete for eastern markets. The state’s first petroleum boom would have to wait until 1908, when Salt Creek’s “Big Dutch” well was completed.
March 6, 1935 – Search for First Utah Oil proves Deadly
More than a decade before Utah’s first commercial oil wells, residents of St. George had hoped the “shooting” of a well drilled by Arrowhead Petroleum Company would bring black gold prosperity. A crowd had gathered to watch as workers prepared six, 10-foot-long explosive canisters to fracture the 3,200-foot-deep Escalante No. 1 well.
A 1935 attempt to find oil in Utah proved deadly. Photo courtesy Washington County Historical Society.
An explosion occurred as the torpedoes, “each loaded with nitroglycerin and TNT and hanging from the derrick,” were being lowered into the well. Ten people died from the detonations, which “sent a shaft of fire into the night that was seen as far as 18 miles away.”
The 1935 accident has remained the worst oil-related disaster in Utah, according to The Escalante Well Incident, a 2007 historical account.
March 6, 1981 — Shale Revolution begins in North Texas
Mitchell Energy and Development Corporation drilled its C.W. Slay No. 1 well, the first commercial natural gas well of the Barnett shale formation. Over the next four years, the vertical well in North Texas produced nearly a billion cubic feet of gas, but it would take almost two decades to perfect cost-effective shale fracturing methods combined with horizontal drilling.
Production from the Barnett shale formation extends from Dallas west and south, covering 5,000 square miles, according to the Texas Railroad Commission. Chart courtesy Dan Plazak.
Mitchell Energy’s 7,500-foot-deep well and others in Wise County helped evaluate seismic and fracturing data to understand deep shale structures. “The C.W. Slay No. 1 and the subsequent wells drilled into the Barnett formation laid the foundation for the shale revolution, proving that natural gas could be extracted from the dense, black rock thousands of feet underground,” the Dallas Morning News later declared.
By the end of 2012, with almost 14,000 wells drilled in the largest gas field in Texas, production started to decline, but the Barnett field still accounted for 6.1 percent of Texas natural gas production and 1.8 percent of the U.S. supply, according to the Federal Reserve Bank of Dallas.
March 7, 1902 – Oil discovered at Sour Lake, Texas
Adding to the giant oilfields of Texas, the Sour Lake field was discovered about 20 miles west of the world-famous Spindletop gusher of January 1901. The spa town of Sour Lake quickly became a boom town where major oil companies, including Texaco, got their start.
“The resort town of Sour Lake, 20 miles northwest of Beaumont, was transformed into an oil boom town when a gusher was hit in 1902,” notes the Texas State Library and Archives Commission.
Originally settled in 1835 and called Sour Lake Springs because of its “sulphureus spring water” known for healing, the sulfur wells attracted many exploration companies. Some petroleum geologists predicted a Sour Lake salt dome formation similar to that revealed by Pattillo Higgins, the Prophet of Spindletop.
Sour Lake’s 1902 discovery well was the second attempt of the Great Western Company. The well, drilled “north of the old hotel building,” penetrated 40 feet of oil sands before reaching a total depth of about 700 feet. The Hardin County’s salt dome oilfield yielded almost nine million barrels of oil by 1903, when the Texas Company made its first major oil find at Sour Lake.
March 7, 2007 – National Artificial Reef Plan updated
The National Marine Fisheries Service of the National Oceanic and Atmospheric Administration (NOAA), approved a comprehensive update of the 1985 National Artificial Reef Plan, popularly known as the “rigs to reefs” program.
A typical platform provides almost three acres of feeding habitat for thousands of species. Photo courtesy U.S. Bureau of Safety and Environmental Enforcement.
The agency worked with interstate marine commissions and state artificial reef programs, “to promote and facilitate responsible and effective artificial reef use based on the best scientific information available.” The revised National Artificial Reef Plan included guidelines for converting old platforms into reefs. A typical four-leg structure provides up to three acres of habitat for hundreds of marine species.
“As of December 2021, 573 platforms previously installed on the U.S. Outer Continental Shelf have been reefed in the Gulf of Mexico,” according to the Bureau of Safety and Environmental Enforcement (BSEE).
March 9, 1930 – Prototype Oil Tanker is Electrically Welded
The world’s first electrically welded commercial vessel, the Texas Company (later Texaco) tanker M/S Carolinian, was completed in Charleston, South Carolina. The World War I shipbuilding boom had encouraged new electric welding technologies. The oil company’s 226-ton vessel was a prototype designed by naval architect Richard Smith.
Construction of M/S Carolinian began in 1929. The M/S designation meant it used an internal combustion engine. Photo courtesy Z.P. Liollio.
The tanker — the first electrically welded ship — eliminated the need for about 85,000 pounds of rivets, according to a 2017 article for the International Committee for the Conservation of the Industrial Heritage (TICCIH). Success of the prototype led to “the standard of welded hulls and internal combustion engines would become universal in construction of new vessels.”
March 9, 1959 – Barbie is a Petroleum Doll
Mattel revealed the Barbie Doll at the American Toy Fair in New York City. More than one billion “dolls in the Barbie family” have been sold since. Eleven inches tall, Barbie owes her existence to petroleum products and the science of polymerization, including several plastic acronyms: ABS, EVA, PBT, and PVC.
Petroleum-based polymers are part of Barbie’s DNA.
Acrylonitrile-Butadiene-Styrene (ABS) is known for strength and flexibility. This thermoplastic polymer is used in Barbie’s torso to provide impact and heat resistance. EVA (Ethylene-Vinyl Acetate), a copolymer made up of ethylene and vinyl acetate, protects Barbie’s smooth surface.
The Mattel doll also includes Polybutylene Terephthalate (PBT), a thermoplastic polymer often used as an electrical insulator. A mineral component facilitates PBT injection molding of her “full figure,” according to the company. Barbie’s hair and many of her designer outfits are made from the world’s first synthetic fiber, nylon, invented in 1935 (see Nylon, a Petroleum Polymer).
Popular Oklahoma showman Maj. Gordon W. “Pawnee Bill” Lillie caught oil fever in 1918.
With American fighting “the war to end all wars” in Europe, a popular Oklahoma showman launched his own oil exploration and refining company.
Although not as famous as his friend Col. William F. “Buffalo Bill” Cody of Wyoming, Maj. Gordon William “Pawnee Bill” Lillie was “widely known as a showman, a teacher and friend of the Indian,” according to his biographer.
Pawnee Bill and Buffalo Bill combined their shows from 1908 to 1913 as “Buffalo Bill’s Wild West and Pawnee Bill’s Great Far East.”
Maj. Lillie was admired for being a “colonizer in Oklahoma and builder of his state,” noted Stillwater journalist Glenn Shirley in his 1958 book Pawnee Bill: A Biography of Major Gordon W. Lillie.
The two popular entertainers joined their shows in 1908 to form “Buffalo Bill’s Wild West and Pawnee Bill’s Great Far East,” promoted as “a glorious cavalcade of dazzling brilliancy,” noted Shirley, adding that the combined shows offered, “an almost endless procession of delightful sight and sensations.”
But times were changing as public taste turned to a new form of entertainment, motion picture shows. By 1913, the two showmen’s partnership was over and their western cavalcade foreclosed. Lillie turned to other ventures — real estate, banking, ranching, and like his former partner Cody, the petroleum industry.
Oklahoma oilfield discoveries near Yale (population of only 685 in 1913) had created a drilling boom that made it home to 20 oil companies and 14 refineries. In 1916, Petrol Refining Company added a 1,000-barrel-a-day-capacity plant in Yale, about 25 miles south of Lillie’s ranch.
The trade magazine Petroleum Age, which had covered the 1917 “Roaring Ranger” oilfield discovery in Texas, reported that for Pawnee Bill, “the lure of the oil game was too strong to overcome.”
Obsolete financial stock certificates with interesting histories like Pawnee Bill Oil Company are valued by collectors.
The Oklahoma showman founded the Pawnee Bill Oil Company on February 25, 1918, and bought Petrol Refining’s new “skimming” refinery in March.
An early type of refining, skimming (or topping) removed light oils, gasoline and kerosene and left a residual oil that could also be sold as a basic fuel. To meet growing demand for kerosene lamp fuel, early refineries built west of the Mississippi River often used the inefficient but simple process.
Maj. Gordon William “Pawnee Bill” Lillie (1860-1942).
Lillie’s company became known as Pawnee Bill Oil & Refining and contracted with the Twin State Oil Company for oil from nearby leases in Payne County.
Under headlines like “Pawnee Bill In Oil” and “Hero of Frontier Days Tries the Biggest Game in All the World,” the Petroleum Age proclaimed:
“Pawnee Bill, sole survivor of that heroic band of men who spread the romance of the frontier days over the world…who used to scout on the ragged edge of semi-savage civilization, is doing his bit to supply Uncle Sam and his allies with the stuff that enables armies to save civilization.”
Post War Bust
By July 30, 1919, Pawnee Bill Oil (and Refining) Company had leased 25 railroad tank cars, each with a capacity of about 8,300 gallons. But the end of “the war to end all wars” drastically reduced demand for oil and refined petroleum products. Just two year later, Oklahoma refineries were operating at about 50 per cent capacity, with 39 plants shut down.
Although Lillie’s refinery was among those closed, he did not give up. In February 1921, he incorporated the Buffalo Refining Company and took over the Yale refinery’s operations. He was president and treasurer of the new company. But by June 1922, the Yale refinery was making daily runs of 700 barrels of oil, about half its skimming capacity.
The Pawnee Bill Oil Company held its annual stockholders meetings in Yale, Oklahoma, an oil boom town about 20 miles from Pawnee Bill’s ranch.
“At the annual stockholders’ meeting held at the offices of the Pawnee Bill Oil Company in Yale, Oklahoma, in April, it was voted to declare an eight per cent dividend,” reported the Wichita Daily Eagle. “The officers and directors have been highly complimented for their judicious and able handling, of the affairs of the company through the strenuous times the oil industry has passed through since the Armistice was signed.”
The Kansas newspaper added that although many Independent refineries had been sold at receivers’ sale, “the financial condition of the Pawnee Bill company is in fine shape,”
Buffalo Bill’s Shoshone Oil
What happened next has been hard to determine since financial records of the Pawnee Bill Oil Company are rare. A 1918 stock certificate signed by Lillie, valued by collectors one hundred years later, could be found selling online for about $2,500.
Maj. Gordon William “Pawnee Bill” Lillie’s friend and partner Col. William F. “Buffalo Bill” Cody also caught oil fever, forming several Wyoming oil exploration ventures, including the Shoshone Oil Company.
Another legend of the Old West, lawman and gambler Wyatt Earp, in 1920 began his own search for black gold wealth on a barren piece of California scrub land. A century later, his Kern County lease still paid royalties. Learn more about his Kern County leases in Wyatt Earp’s California Oil Wells.
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Recommended Reading:Pawnee Bill: A Biography of Major Gordon W. Lillie (1958). Your Amazon purchases benefit the American Oil & Gas Historical Society. As an Amazon Associate, AOGHS earns a commission from qualifying purchases.
Citation Information – Article Title: “Pawnee Bill Oil Company.” Authors: B.A. Wells and K.L. Wells. Website Name: American Oil & Gas Historical Society. URL: https://aoghs.org/stocks/pawnee-bill-oil-company. Last Updated: February 15, 2024. Original Published Date: February 24, 2017.
Public fascination with mid-continent “black gold” discoveries briefly switched to natural gas in 1906.
As petroleum exploration wells reached deeper by the early 1900s, highly pressurized natural gas formations in Kansas and the Indian Territory challenged well-control technologies of the day.
Once ignited by a lightning bolt, the natural gas well of Caney, Kansas, towered 150 feet high and at night could be seen for 35 miles. The conflagration made national headlines, attracting a host of exploration companies to drill into Mid-Continent oilfields — even as well control technologies tried to catch up.
African American entrepreneurs began their Oklahoma oil venture in 1917.
Discovery of Oklahoma’s giant Healdton oilfield in August 1913 about 20 miles northwest of Ardmore launched years of investment as petroleum companies competed to secure leases and drill. In the African American community, four entrepreneurs formed the Ardmore Lubricating Oil Company.
Ardmore Lubricating Oil Company opened offices in this building on East 2nd Street in a segregated district of downtown Oklahoma City known for its prospering businesses and jazz music nightlife. Photo courtesy The Black Dispatch, Oklahoma City, April 20, 1922, Vol. 7, No. 20.
Decades of production from the Healdton oilfield would yield more than 200 million barrels of oil — but the prolific field left hundreds of forgotten petroleum companies hidden in its exploration and production history.
Oil production from the Healdton field was shallow, averaging about 1,000 feet, and the low cost of drilling attracted many small ventures that operated on capital raised by aggressive stock sales. State “Blue Sky” laws had yet to restrain advertising excesses and promotions. Competition for investors often was fierce (see Homestead Oil Company).
Ardmore Lubricating Oil Company
When a group of foundering Coffeyville, Oklahoma, investors gave up on their 100-acre oil lease in 1917, four African American entrepreneurs bought out the venture and its unfinished 1,360-foot-deep well, which had encountered “several light sands” and a water-filled borehole.
Wilson Newman, J.C. Pratt, S.M. Holland, and Heston Welborn formed the Ardmore Lubricating Oil Company, capitalized at $50,000, and set up offices on East 2nd Street in Oklahoma City.
Oklahoma’s Daily Ardmoreite reported on August 15, 1918, that Ardmore Lubricating Oil Company moved a Star Rig to explore for oil on land adjacent to the town of Tatums. Image from online auction sale.
Today, East 2nd Street is the heart of the “Deep Deuce” district and is known for its historic jazz and culture. But in 1917, that part of downtown was exclusively for “coloreds,” segregated to the other side of the Santa Fe railroad tracks. It was the era of Gov. William “Alfalfa Bill” Murray’s Jim Crow laws (the Civil Rights Act was still half a century away), but along East 2nd Street African-American businesses and neighborhoods prospered.
Ardmore Lubricating Oil Company moved into offices at 319 and 321 East 2nd Street, across from the Black Dispatch weekly, established two years earlier by Roscoe Dunjee. Advertised as the “Largest circulation Negro journal in Oklahoma,” the paper soon carried Ardmore Lubricating Oil Company promotions encouraging readers to invest.
“Buy Stock in a Home Company – With Men Whom You Know at its Head…100 acres leased and shallow wells producing the high-grade of oil,” declared one ad. The company announced plans “to deepen our 1,360 foot well to the lower pay.” Early investors could get in for the bargain price of $1 a share.
As Ardmore Lubricating Oil operations continued into June 1919, news reports for stockholders were mixed. The company completed a producing well on its 100-acre lease that yielded one barrel of oil a day of “high grade lubrication oil.” The company’s chemist predicted it would be worth $10 a barrel at a time when ordinary oil was selling for $2 dollars per barrel.
In 1920, Ardmore Lubricating Oil began moving equipment to drill a well just outside Tatums, about 80 miles south of Oklahoma City. The company announced it would build its own refinery there to process its especially valuable oil from the Healdton field. Tatums was one of about 50 all-black towns in the former Indian Territory that grew from post Civil War reconstruction. These self-segregated communities were reflective of the times; they remain as reminders of America’s struggle with race and identity.
With a new lab opened in 1920 upstairs at its Oklahoma City offices, the company’s wells reportedly could produce “high grade lubrication oil” and “Icthyol Oil,” a salve for eczema and other skin conditions. Image from online auction sale.
The superintendent, manager and stock salesman of the Ardmore Lubricating Oil, H.E. Baker, published a telegraphed message about the Tatums well site: “We have three wells producing the highest grade and most valuable oil found in the United States, the great drug Icthyol Oil, one of the most sought for and needed products of the world today.”
“Icthyol” was a popular European skin ointment produced from dry distillation of sulfur-rich oil shale, but Ardmore Lubricating Oil Company executives declared they could refine it from Tatums’ crude oil and process it in their own laboratory. In February 1920, the company announced a four-day grand opening to celebrate their new lab upstairs.
“The general public is cordially invited to come and see Kerosene, Automobile Oil and Icthyol,” noted an Ardmore Lubricating Oil promotion. Other ads proposed mutually beneficial business arrangements with merchants, investors, farmers, and consumers.
Increasingly creative financing and uninterrupted stock sales were needed for Ardmore Lubricating Oil to remain solvent. The Black Dispatch in 1921 praised H.E. Baker, noting his company’s “development grows by leaps and bounds…You can get into this company now on the ground floor, $10 is all that you can invest at this time for each member of the family, this will insure at the outset an equal opportunity for all, later on the hundreds of stock holders can get together and determine as to the larger plan of organization.”
Tatums’ townspeople in 1927 hosted and acted in “Black Gold,” a silent picture produced by Norman Studios and featuring an “All Colored Cast.” Posters courtesy IMDB.com and Norman Studios.org.
However, construction of the Ardmore Lubricating Oil refinery in Tatums still had not begun by August 1921. News about the company’s oil wells grew scarce as Baker sold his own leases. The last appeals for new investors appearing in the Black Dispatch were nevertheless optimistic:
“Wonderful Opportunities In Larger Faith And Deeper Hole,” proclaimed the newspaper. “To anyone with a limited amount of brains it can be seen that a little more faith and a deeper hole will bring into the hands of the Negro landholders in this section the millions of dollars, which their white neighbors all around them are reaping hourly from the derricks that have lunched great holes in the earth and are spouting liquid treasure everywhere.”
A few years later, but too late for Ardmore Lubricating Oil, the area around Tatums did experience an oil boom that was celebrated on the big screen. In 1927, townspeople hosted the making of Black Gold, a silent picture produced by Norman Studios and distributed to all-black theaters the next year. The Florida-based studio described its movie as a “stirring epic of the oil fields” with a cast including, “U.S. Marshall L.B. Tatums. and the entire all-colored City of Tatums, Oklahoma.”
The action-packed melodrama featured Ace Brand, his sweetheart Alice, and a one-legged cowboy (named Peg), who overcame both adversity and injustice in the oil patch. While the film’s happy ending delivered an oil gusher, Ardmore Lubricating Oil Company did not.
Few financial records remain about the company, but Gateway to Oklahoma History and the Black Dispatch’s archives offer more context to this almost forgotten story from U.S. petroleum history.
Citation Information – Article Title: “Ardmore Lubricating Oil Company.” Author: Aoghs.org Editors. Website Name: American Oil & Gas Historical Society. URL: https://aoghs.org/stocks/ardmore-lubricating-oil-company. Last Updated: February 21, 2024. Original Published Date: July 4, 2019.
(1958)
