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Prospects top Prosperity: The Story of Oklahoma's Oil and Gas Industry

door Bob Burke

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"Prospects to Prosperity: The Story of Oklahoma s Oil and Gas Industry tells the story of the energy industry that has driven Oklahoma's economy for over a century. Through word and picture the book tells about oil and gas exploration, production and refining, from the earliest recorded well, in 1859, to the modern era of high tech drilling and production. Included are the colorful stories of the oil barons, wildcatters and boom towns that are a staple of Oklahoma lore. It recounts the story of vast petroleum fortunes earned in Oklahoma, that provided the foundation for some of the world s largest petroleum companies. And the book evaluates how the industry has impacted the prosperity and the culture of Oklahoma, including the wealth of Indian tribes, the tens of thousands of jobs the industry provides to Oklahoma families and how oil wealth has helped fund major educational institutions, and built Oklahoma's cities."--Amazon descriptio… (meer)
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I learned that Oklahoma was an early and significant producer of petroleum in the US.

The following are from the book, and (except for one sentence) was not written by me.


CONTENTS
PREFACE
CHAPTER I Early Oil Exploration
CHAPTER Il The Oil Rush
CHAPTER Ill The Golden Age
CHAPTER IV The Boom Continues
CHAPTER V Boomtowns
CHAPTER VI A Mature Industry
CHAPTER VI I Into a New Century
CHAPTER V Ill Giving Back
CHAPTER IX Rememberance:
APPENDICES
BIBLIOGRAPHY
Voices of the OIPA
OKLAHOMA ENERGY RESOURCES BOARD
SHARING THE HERITAGE
SPECIAL THANKS
SPONSORS
ABOUT THE AUTHORS

The Cushing Field stretched for miles along the Cimarron River. McMan was the largest producer
in the field. By the middle of 1915, crude oil prices, that had dropped to forty cents a barrel, began
to rise because of increased demand brought on by World War I.
(Page 24, the first page of chapter 3)

SUPPLYING THE WORLD WITH OIL
In 1915, Oklahoma produced one-third of the oil of the world. … In 1907, with 43 million barrels of oil from the Glenn Pool alone, Oklahoma became the nations leading oil-producing state. For most years, until 1923 Oklahoma held first place among the states for the production of crude oil.
(Page 37)

Wells near the town of Three Sands yielded the highest grade oil Oklahoma had ever seen and its early average price per barrel of $3.15 was the highest of any oil producing field in the nation to that point.
(Page 47)

Even in 1930s there were efforts to control the price of oil from the political side.
“In April 1933, the Oklahoma legislature passed legislation that borough oil production under control.”
(Page 59)

1998 - The average annual price of Oklahoma crude reaches a modern low of $13.12 per barrel.
(Page 147, in an appendix)

WHAT A BARREL OF CRUDE OIL MAKES
The following is a list of products rendered from a barrel of crude …
Gasoline
Distillate Fuel Oil
(Includes both home heating
diesel fuel.)
Kerosene-Type Jet Fuel
Coke
Residual Fuel Oil
(Heavy oils used as fuels in industry, marine transportation, and for electric power generation.)
Liquefied Refinery Gases
Still Gas
Asphalt and Road Oil
Petrochemicals Feedstocks
Lubricants
Kerosene
Other
Note: One barrel contains 42 gallons of crude oil. The total volume of products made is 2.6 gallons greater than the original 42 gallons of crude oil. This represents "processing gain."
(Page 150)

MORE THAN THREE THOUSAND EVERYDAY PRODUCTS
Oil does a lot more than simply provide fuel for our cats and trucks, keep our homes and offices comfortable, and power our industries. Oil is a key ingredient in making thousands of products that make our lives easier—and in many cases—help us live better and longer lives. From lipstick to aspirin and diapers to roller blades, petrochemicals play a vital part. Here are just a few examples:
Food preservatives
Soft contact lens
Antihistamines
Shampoo
Hair Dryers
Clothing
Safety glass
Toothpaste
Flowerpots
Blenders
Life jackets
Dishes
Anesthetics
Vitamin capsules
Dyes
Hang gliders
Patio screens
Foul weather gear
SOURCE AMERICAN PETROLEUM INSTITUTE
House paint
Insecticides
Compact discs
Piano keys
Perfumes
Sunglasses
Tents
Nylon rope
Glue
Photographs
Balloons
Audio Cassettes
CD Players
Containers
Credit Cards
Deodorant
Dinnerware
Eyeglass Frames
Infant Seats
Medical Equipment
Pantyhose
Roller Blades
Shaving Cream
Syringes
Telephones
Toys
Aspirin
Baby Strollers
Candles
Computers
Crayons
DVDs
Food Storage Bags
Ink
(Page 151) ( )
  bread2u | May 15, 2024 |
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"Prospects to Prosperity: The Story of Oklahoma s Oil and Gas Industry tells the story of the energy industry that has driven Oklahoma's economy for over a century. Through word and picture the book tells about oil and gas exploration, production and refining, from the earliest recorded well, in 1859, to the modern era of high tech drilling and production. Included are the colorful stories of the oil barons, wildcatters and boom towns that are a staple of Oklahoma lore. It recounts the story of vast petroleum fortunes earned in Oklahoma, that provided the foundation for some of the world s largest petroleum companies. And the book evaluates how the industry has impacted the prosperity and the culture of Oklahoma, including the wealth of Indian tribes, the tens of thousands of jobs the industry provides to Oklahoma families and how oil wealth has helped fund major educational institutions, and built Oklahoma's cities."--Amazon descriptio

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