This Week in Petroleum History, March 23 to March 29

March 23, 1858 – Rock Oil Company reorganizes as Seneca Oil

Investors from New Haven, Connecticut, organized the Seneca Oil Company with $300,000 in capital and former railroad conductor Edwin Drake a shareholder.

Rare photo of Seneca Oil Company stock certificate

Seneca Oil drilled the first U.S. well. Image courtesy William R. Brice/Pennsylvania Historical and Museum Collection.

The investors had purchased the leases of the Pennsylvania Rock ...

Source: American Oil & Gas Historical Society

This Week in Petroleum History, March 9 to March 15

March 9, 1930 – Prototype Texaco Tanker completed

The world’s first electrically welded commercial vessel, the Texas Company (Texaco) tanker M/S Carolinian, was completed in Charleston, South Carolina. The 226-ton vessel was a prototype design by naval architect Richard F. Smith, according to historian Zachary Liollio.

oil history includes the welded tanker Carolinian

Construction of M/S Carolinian began in 1929. The M/S designation meant it used an ...

Source: American Oil & Gas Historical Society

This Week in Petroleum History, March 2 to March 8

March 2, 1922 – Osage Nation Oil Lease sells for $1 Million

Under the broad crown of a giant elm next to the Osage Council House in Pawhuska, Oklahoma, Skelly Oil and Phillips Petroleum Company jointly bid more than one million dollars for just a 160-acre tract of land.

E.E. Walters auctions Osage leases in shade of Elm tree

Colonel Elmer Ellsworth Walters (in striped shirt) was famous as “auctioneer of the Osage Nation....

Source: American Oil & Gas Historical Society