This Week in Petroleum History, September 9 to September 15

September 9, 1928 – Oklahoma regulates Oil Production

A state regulatory body for the first time issued an order limiting oil production for the entire state. The move was an effort to control excessive production from many newly discovered Oklahoma oilfields, including several giants of the Seminole oil boom. With falling oil prices (and tax revenue), the Oklahoma Corporation Commission ...

Source: American Oil & Gas Historical Society