Joseph “Buckskin Joe” Cullinan and Arnold Schlaet established The Texas Company in Beaumont to transport and refine oil from Spindletop Hill, a giant oilfield discovered in January 1901. The new company constructed a kerosene refinery in Port Arthur — and discovered an oilfield at Sour Lake Springs, where its Fee No. 3 well produced 5,000 barrels of oil a day in 1903. (more…)
Massive waves during a North Sea gale capsized a floating apartment for Phillips Petroleum Company workers, killing 123 people. The Alexander Kielland platform, 235 miles east of Dundee, Scotland, housed 208 men who worked on a nearby rig in the Ekofisk field. Most of the Phillips workers were from Norway. The platform, converted from a semi-submersible drilling rig, served as overflow accommodation for the Phillips production platform 300 yards away. (more…)
Investors from New Haven, Connecticut, organized the Seneca Oil Company with $300,000 in capital after purchasing the Titusville leases of the Pennsylvania Rock Oil Company, which had been founded in 1854 by George Bissell. (more…)
A Vacuum Oil Company subsidiary in Cape Town, South Africa, trademarked a flying horse logo inspired by Pegasus of Greek mythology. Based in Rochester, New York, Vacuum Oil had built a successful lubricants business long before gasoline was a branded product. (more…)
An oil tanker became the world’s first electrically welded commercial vessel when 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. Naval architect Richard Smith designed the Texas Company’s pioneering 226-ton vessel. (more…)
