This Week in Petroleum History: July 20 – 26
July 21, 1935 – “Diamond Glenn” McCarthy strikes Oil –
Glenn H. McCarthy struck oil 50 miles east of Houston in 1935, extending the already prolific Anahuac field. The well extended by three miles to the north of the already productive Anahuac field, which McCarthy had earlier discovered. The well was the first of many for the Texas independent producer who would discover 11 Texas oilfields by 1945. He was known as “Diamond Glenn” by 1950, when his estimated worth reached $200 million ($2.8 billion in 2026). (more…)
