But don’t look at the bustling 1980s or even the roaring 1920s, when the Permian joined the oil industry. Take a step back, though, and look at how far the industry has come. Oil History: Edwin Drake ( ) eo:Edwin L.To these gentlemen, the romance for the oil industry is gone.įor sure, horizontal drilling, improvements in hydraulic fracturing, better drill bits, 3-D modeling and other technologies have measured success not by striking black gold, but by how much black gold is recovered.He died in 1880 in Bethlehem, Pennsylvania. In 1873, Pennsylvania voted an annuity of $1500 to the "crazy man" whose determination founded the oil industry. He was to end up as an impoverished old man. Then he lost all of his savings in oil speculation in 1863. He failed to patent his drilling invention. Drake did not possess good business acumen. But, while his pioneering work led to the growth of an oil industry that made many people fabulously rich, for Drake riches proved elusive. This well pumped out 250 barrels (40 m³) of oil per day and the result was the birth of the petroleum industry.ĭrake set up a stock company to extract and market the oil. This culminated with the establishment of the oil boom town of Pithole City, which was built around the Frazier well. Within a day of Drake's striking oil, Drake’s methods were soon imitated by others. While some claims of prior art do exist, the Drake Well at Titusville was the first well to be widely copied. Drake was summoned and the oil was brought to the surface with a hand pitcher pump. He was surprised and delighted to see crude oil rising up. The next morning Drake’s driller, Billy Smith, looked into the hole in preparation for another day’s work. On August 27th Drake had persevered and his drill bit had reached a total depth of 69.5 feet (21 m). Amazingly the Seneca Oil Company had abandoned their man and Drake had to rely on friends to back the enterprise. Meanwhile crowds of people began to gather to jeer at the apparently unproductive operation. After initial difficulty locating the necessary parts to build the well, which resulted in his well being nicknamed "Drake's Folly," Drake proved successful. Progress was made at the rate of just three feet (1 m) per day. The drilling tools were now lowered through the pipe and steam was used to drill through the bedrock. The pipe was driven down into the ground. This cast iron pipe consisted of ten foot long joints. It was at this point that he devised the idea of a drive pipe. At 16 feet (5 m) the sides of the hole began to collapse. It took some time for the drillers to get through the layers of gravel. The well was dug on an artificial island on the Oil Creek. When attempts to dig huge shafts in the ground failed due to water seepage, Drake decided to drill in the manner of salt drillers. This was not enough to make a commercial yield sustainable. He had limited success, but was only able to extract a maximum of 10 barrels (1.6 m³) per day. In 1857 and again in 1858 Drake searched for oil in and around Titusville. He used an old steam engine to power the drill. Drake decided that the best way to find oil was to dig for it. The oil company chose the retired railway man partly because he had free use of the rail. Then, in the late 1850’s Edwin Drake was hired by the Seneca Oil Company to investigate suspected oil deposits in Titusville, Pennsylvania. Drake, a native of Greene County, New York, had spent his earlier life working as a clerk, an express agent, and a railway conductor on a brand new sometimes dangerous conveyance railroad. While petroleum oil was known prior to this, it was not available in large enough quantities to be very useful.Īccording to Ida Tarbell's 1904 book The History of Standard Oil, the oil well was not Drake's idea, but rather that of his employer, George Bissell.īissell sent Drake to the site in the spring of 1858. On August 27, 1859, a well that Drake built near Titusville, Pennsylvania struck oil. He was born in Greenville, New York on March 11, 1819. Edwin Laurentine "Colonel" Drake ( 1819- 1880), an American oil driller, is popularly credited with having "discovered" oil.
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