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![]() The first commercial production of oil in Texas occurred in Corsicana, TX and in a few years it was producing 1,000 barrels per day. ![]() In 1899, ![]() |
![]() And on January 10, 1901 the discovery of oil at Spindletop ushered in drilling along the Texas Gulf Coast and marked the birth of the modern oil industry, including Gulf Oil. Flowing at a rate of 100,000 barrels a day, Spindletop was the first well to prove conclusively that the earth contained vast quantities of oil which could be successfully harvested. In 1901 the Legislature authorized the U. T. Board of Regents to "sell, lease and otherwise ![]() |