This Week in Petroleum History: October 6 – 12

October 6, 1886 – Natural Gas fuels Glass Manufacturing –

A 900-foot-deep natural gas well in a cornfield near Kokomo, Indiana, led to the establishment of the Indiana Natural Gas Company, and in 1888, the Opalescent Glass Works, which has been in continuous operation since. The state’s first natural gas well was completed in 1867, seeking oil reserves (see Indiana Natural Gas Boom).

Opalescent Glass Works promotion card for its gold medal at the 1889 Exposition Universelle in Paris for its "natural gas process" glass.

Opalescent Glass Works won a gold medal at the 1889 Exposition Universelle in Paris for its “natural gas process” glass. Photo courtesy Kokomo Opalescent Glass.

Opalescent Glass Works, today Kokomo Opalescent Glass, almost went bankrupt when natural gas supplies dwindled, but in 1893 it recovered by selling electric insulators to Edison General Electric Company — and  thousands of pounds of stained glass to Tiffany studios in New York City.

October 6, 1957 – Society of Petroleum Engineers established

The first board of directors meeting of the Society of Petroleum Engineers (SPE) established the professional society in an expansion of the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME), which had created a Petroleum Division in 1922.

the SPE logo of world globes.

An American Institute of Mining Engineers program led to the Society of Petroleum Engineers.

AIME began in 1871, when a small group of Pennsylvania mining engineers sought to “preserve their collective knowledge and experiences for the benefit of future engineers.” SPE has grown into an independent, nonprofit global society with 132,000 members in 146 countries.

October 7, 1859 – First U.S. Oil Well catches Fire

The wooden derrick and engine house of America’s first oil well erupted in flames along Oil Creek at Titusville, Pennsylvania. The well had been completed the previous August by Edwin L. Drake for George Bissell and the Seneca Oil Company of New Haven, Connecticut. Working with driller William “Uncle Billy” Smith, Drake used steam-powered cable-tool technology.

The first U.S. oil well fire began when Uncle Billy inspected a vat of oil with an open lamp. When the lamp’s flame set gases alight, the conflagration consumed the derrick, the stored oil, and the driller’s home. Drake and Seneca Oil Company would quickly rebuild at the already famous well site.

Learn more in First Oil Well Fire.

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October 7, 2014 – 200th Anniversary of Ohio Oil Discovery

The Noble County Historical Society of Caldwell, Ohio, hosted a 200th anniversary festival and park dedication celebrating a brine well drilled with a spring pole that produced oil. The 1814 well can be found at Thorla McKee Park, named for Silas Thorla and Robert McKee, the entrepreneurs who established the local salt works, according to researcher Dave Baker in “Early Marietta.”

In 2015, Baker reported the historic well site included the remains of its original sycamore log casing beneath a replica springpole. Thoria and McKee separated the oil from the salt water by soaking it up with blankets before bottling it to sell as a medicinal potion. The remaining brine was boiled to extract the salt. In 1992, the Noble County Department of Tourism and the Ohio Historical Society dedicated a historic marker near the Caldwell site. Ohio’s first well drilled exclusively for oil was completed near Macksburg in the autumn of 1860.

October 8, 1915 – Elk Basin oilfield discovered in Wyoming

An exploratory well drilled in a remote Wyoming valley opened the giant Elk Basin oilfield. Completed by the Midwest Refining Company near the Montana border, the wildcat well produced 150 barrels of high-grade “light oil” a day. The oil needed little refining to provide quality lubricants.

Elk Basin Field with oil gusher circa 1917.

“Gusher coming in, south rim of the Elk Basin field, 1917.” Photo courtesy American Heritage Center, University of Wyoming.

Geologist George Ketchum first recognized the potential of the basin as a source of oil deposits. Ketchum had explored the remote area in 1906 with C.A. Fisher while farming near Cowley, Wyoming. The Elk Basin extended from Carbon County, Montana, into northeastern Park County, Wyoming.

Fisher was the first geologist to map sections of the Bighorn Basin southeast of Cody, Wyoming, where oil seeps had been found as early as 1883. The Wyoming oilfield discovery in unproven territory attracted new ventures like Elk Basin United Oil Company, investors, and oilfield service companies.

Learn more in First Wyoming Oil Wells.

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October 8, 1923 – First International Petroleum Exposition and Congress

Five thousand visitors attended the rainy opening day of the first International Petroleum Exposition and Congress in downtown Tulsa, an event that would return for almost six decades.

A bus of tourists in 2013 visited the 76-foot-tall Golden Driller in Tulsa.

Although still a tourist attraction, the 76-foot-tall Golden Driller arrived decades after Tulsa’s first International Petroleum Exposition in 1923.

With annual attendance growing to more than 120,000, Mid-Continent Supply Company of Fort Worth introduced the original Golden Driller of Tulsa at the expo in 1953. Economic shocks beginning with the 1973 OPEC oil embargo depressed the industry, and after 57 years, the International Petroleum Exposition ended in 1979.

October 9, 1999 – Converted Offshore Platform launches Rocket

Sea Launch, a Boeing-led consortium of companies from the United States, Russia, Ukraine, and Norway, launched its first commercial rocket using the Ocean Odyssey, a modified semi-submersible drilling platform. After a demonstration flight in March, a Russian Zenit-3SL rocket carried a DirecTV satellite to geostationary orbit.

Ocean Odyssey, a self-propelled, semi-submersible drilling platform, converted into a rocket launcher.

Ocean Odyssey, a modified semi-submersible drilling platform, became the world’s first floating equatorial launch pad in 1999. Photo courtesy Sea Launch.

In 1988, the former drilling platform had been used by Atlantic Richfield Company (ARCO) for North Sea explorations. The Ocean Odyssey made 36 more rocket launches until 2014, when the consortium ended after Russia illegally annexed Ukraine’s Crimean peninsula.

Learn more in Offshore Rocket Launcher.

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October 10, 1865 – Oil Pipeline constructed in Pennsylvania

A two-inch iron pipeline began transporting oil five miles through hilly terrain from a well at booming Pithole, Pennsylvania, to the Miller Farm Railroad Station at Oil Creek. With their livelihoods threatened, teamsters attempted to sabotage the pipeline until armed guards intervened. A second oil pipeline would begin operating in December.

Large wooden oil tanks and 42-gallon barrels with nearby teamsters.

Oil tanks at the boom town of Pithole, Pennsylvania, where Samuel Van Syckel built a five-mile pipeline in 1865. Photo courtesy Drake Well Museum.

Built by Samuel Van Syckel, who had formed the Oil Transportation Association, the pipeline used 15-foot welded joints. Three 10-horsepower Reed and Cogswell steam pumps pushed the oil at a rate of 81 barrels per hour. With up to 2,000 barrels of oil arriving daily at the terminal, more storage tanks were soon added. The pipeline transported the equivalent of 300 teamster wagons working for 10 hours.

“The day that the Van Syckel pipeline began to run oil a revolution began in the business,” proclaimed Ida Tarbell in her 1904 History of the Standard Oil Company. “After the Drake well, it is the most important event in the history of the Oil Regions.”

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Recommended Reading: The Extraction State, A History of Natural Gas in America (2021); Myth, Legend, Reality: Edwin Laurentine Drake and the Early Oil Industry (2009); Where it All Began: The story of the people and places where the oil & gas industry began: West Virginia and southeastern Ohio (1994); Black Gold, Patterns in the Development of Wyoming’s Oil Industry (1997); Tulsa Where the Streets Were Paved With Gold – Images of America (2000); Offshore Pioneers: Brown & Root and the History of Offshore Oil and Gas (1997); Western Pennsylvania’s Oil Heritage (2008); Oil and Gas Pipeline Fundamentals (1993); Arizona Rocks & Minerals: A Field Guide to the Grand Canyon State (2010). Your Amazon purchase benefits the American Oil & Gas Historical Society. As an Amazon Associate, AOGHS earns a commission from qualifying purchases.

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The American Oil & Gas Historical Society (AOGHS) preserves U.S. petroleum history. Please become an AOGHS annual supporter and help maintain this energy education website and expand historical research. For more information, contact bawells@aoghs.org. Copyright © 2025 Bruce A. Wells. All rights reserved.

Elk Basin United Oil Company

Elk Basin United Oil Company incorporated in 1917 seeking oil riches in Wyoming’s booming Elk Basin oilfield. Oilfields found in North Texas, including a 1911 gusher at Electra, already had resulted in a rush of new exploration ventures – and created boom towns like Burkburnett

Wherever found, America’s newly discovered oilfields led to the founding of many exploration ventures that competed against more established companies.

Newly formed companies frequently struggled to survive as competition for financing, leases, and drilling equipment intensified, especially as exploration moved westward.

Wyoming Oilfields

In a remote, scenic valley on the border of Wyoming and Montana, a discovery well opened Wyoming’s Elk Basin oilfield on October 8, 1915. Wyoming’s earliest oil wells had produced quality, easily refined oil as early as 1890.

Drilled by the Midwest Refining Company, the wildcat well produced up to 150 barrels of oil a day of a high-grade, “light oil.” Credit for oil discovery is given to geologist George Ketchum, who first recognized the Elk Basin as a likely source of oil.

Oil gusher at the Elk Basin Field in Wyoming, circa 1917.

“Gusher coming in, south rim of the Elk Basin Field, 1917.” Photo courtesy American Heritage Center.Ketchum, a farmer from Cowly, Wyoming, in 1906 had explored the area with C.A. Fisher, who had been the first geologist to map a region within the Bighorn Basin southeast of Cody, Wyoming, where oil seeps were discovered in 1883.

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The Elk Basin, which extends from Carbon County, Montana, into northeastern Park County, Wyoming, attracted further exploration after the 1915 well. More successful wells followed.

Once again, petroleum discoveries in unproved territory attracted speculators, investors, and new companies – including the Elk Basin United Oil Company.

Established petroleum companies like Midwest Refining — and the Ohio Oil Company, which would become Marathon Oil — came to the Elk Basin. These oil companies had the financial resources to survive a run of dry holes or other exploration hazards.

The exploration industry’s many smaller and under-capitalized companies would prove especially vulnerable.

Advertisement promoting Elk Basin United Oil Company, circa 1917..

Audacious advertising claims helped Elk Basin United Oil Company compete for investors.

Is My Old Oil Stock Worth Anything features several such small players in Wyoming’s petroleum history, including the notorious Dr. Frederick Albert Cook (Arctic Explorer turns Oil Promoter). Even Wyoming’s famous showman, Col. William F. Cody, got caught up in the state’s oil fever (Buffalo Bill Shoshone Oil Company).

Elk Basin United Oil Company

Elk Basin United Oil Company of Salt Lake City, Utah, incorporated on July 30, 1917, and acquired a lease of 120 acres in Wyoming’s Elk Basin oilfield. By February 1918, company stock sold for 12 cents a share.

Enthusiastic newspaper ads promoted its “6 properties in 3 different fields…A 6 to 1 shot!” Twenty producing wells were reputed to be within one mile of Elk Basin United Oil’s Wyoming well site.

Meanwhile, Elk Basin United Oil reported expansion plans underway in a growing Kansas Mid-Continent oilfield. The company secured leases near Garnett and completed four producing oil wells, yielding a total of about 500 barrels of oil a month. It added an additional 112 acres and planned a fifth well.

Prairie Pipe Line Company (later Sinclair Consolidated) completed pipelines into the Garnett field through which several companies looked to transport their oil production.

However, growing competition from better funded exploration ventures and low crude oil prices ranging between $1.10 and $1.98 per barrel of oil in 1917 and 1918 drove many small companies into consolidations, mergers or bankruptcy.

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Elk Basin United Oil, exploring back in Wyoming by March 1919, sought a lease on the property of the First Ward Pasture Company bordering the Utah line, “with a view of prospecting the property declare the surface showing to be very favorable for an oil deposit.” But financial issues continued to burden the company.

In December 1919, Oil Distribution News reported Basin United Oil Company was negotiating mergers with the Anderson Oil Company and the Kansas-United Oil Company, with a proposed capitalization of $1 million. With no results of the planned combination documented, Elk Basin United Oil Company disappeared from financial records soon thereafter.

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The stories of exploration and production companies joining petroleum booms (and avoiding busts) can be found updated in Is my Old Oil Stock worth Anything? Become an AOGHS annual supporting member and help maintain this energy education website and expand historical research. For more information, contact bawells@aoghs.org. Copyright © 2022 Bruce A. Wells. All rights reserved.

Citation Information – Article Title: “Elk Basin United Oil Company.” Authors: B.A. Wells and K.L. Wells. Website Name: American Oil & Gas Historical Society. URL: https://aoghs.org/old-oil-stocks/elk-basin-united-oil-company. Last Updated: September 29, 2022. Original Published Date: October 1, 2021.

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