The state of Texas had its trials and tribulations in the 19th century. It remembered the Alamo, became a state of the Union, witnessed the Civil War, and helped pioneer the old west with railroads and settlements into the 20th century. However, as Texas turned the calendar to 1901 and the world began celebrating the new century, Texas celebrated something else – oil!
It was on January 10, 1901 that the first oil drilling rig struck oil and formed a 100 foot fountain of black gold at Spindletop, near Beaumont, Texas. From that day on, the poorer, more modest agricultural days of Texas were over and a new era of Texas oil investments began.
The 1901 oil discovery near Beaumont was not the first oil discovery in Texas. The Spanish and other European countries that owned Texas land prior to the U.S. knew about shallow oil fields as early as the 1500’s. In fact, around 1866, an Eastern Texas landowner opened a pipeline of oil. The industrial age had not fully kick-started yet and the price of oil versus the cost of drilling was not economically justifiable
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