Big Gusher Oil Co.
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Product Details
Big Gusher Oil Co.
Certificate Type
Capital Stock
Date Issued
July 20, 1923
Canceled
No
Printer
Not indicated
Signatures
Hand signed
Approximate Size
10" (w) by 8 1/4" (h)
Additional Details
NA
Historical Context
This company was originally incorporated as the Ranger and Burkburnett Oil Company. The name was changed to the Big Gusher Oil Co. in 1920.
The company had properties in Texas' Luling Territory - between Luling and Robinett. One of the most significant events in Luling's history was the discovery of oil by Edgar B. Davis. Davis mortgaged everything he owned to finance drilling operations around Luling. On August 9, 1922, the Rafael Rios No. 1 well struck oil at 2,161 feet, producing 150 barrels per day.
Davis' discovery opened up an oilfield 12 miles long and 2 miles wide. The economy quickly moved from the railroad and agriculture to oil. The population of the town rapidly increased to over 5,000. By 1924, the Luling Oil Field was producing over 15 million barrels of oil per year, and oil formed much of Luling's economy for the next 60 years.
The company was one of the oil interests held by the Perryman family.
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Additional Information
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