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The Texas Oil Industry Began By Lyne T. Barret

657 Words3 Pages

The Texas oil industry began by Lyne T. Barret who struck oil known as petroleum which is a fossil fuel, fossil fuels are things that have decomposed into the ground that have been compressed and heated up in the ground, and after millions of years, people dig it up with derricks which are towers that support oil drilling equipment and put it in a refinery where crude oil becomes pure and they use it for trains for the Texas railroad to travel faster and farther. In 1904, the Spindletop strike marked the start of the Texas oil industry. Patillo Higgins, a brick factory owner, believed there would be oil at Spinletop Hill. There was an engineer who believed in the Patillo idea and in 1901 Anthony F. Lucas drilled into the hill. In 1904, the …show more content…

Natural gas, a gas that can be used as a fuel, is also abundant. However, there was no way to get it to market safely in the early years of the oil industry. As a result, gas coming out of oil wells was allowed to burn. Then in the 1890s, scientists developed a leak-proof pipeline that could safely move natural gas about 100 miles. Further advances in pipeline technology during the 1920s and 1930s expanded the distance that gas could be shipped, and this was a huge impact for the natural gas market. Some Texas oil companies began using a business strategy called vertical integration, which was owning the businesses involved in each manufacturing process step. Most large companies also practiced horizontal integration, which was owning many businesses in a particular manufacturing field. The larger oil corporations would run many refineries, sharing supplies and resources to make their businesses more efficient. The oil boom affected Texas because any town next to the oil became a hotspot and became crowded and super busy because of the big boom in population they were named boom towns. The new technology changed the oil industry through steam engines running ships and railroad

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