The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
Professor Silliman made his report to the Pennsylvania Rock-Oil Company
in 1855, but it was not until the spring of 1858 that a representative
of the organisation, which by this time had changed hands and was known
as the Seneca Oil Company, was on the ground with orders to find oil.
The man sent out was a small stockholder in the company, Edwin L. Drake,
“Colonel” Drake as he was called. Drake had had no experience to fit him
for his task. A man forty years of age, he had spent his life as a
clerk, an express agent, and a railway conductor. His only
qualifications were a dash of pioneer blood and a great persistency in
undertakings which interested him. Whether Drake came to Titusville
ordered to put down an artesian well or not is a mooted point. His
latter-day admirers claim that the idea was entirely his own. It seems
hardly credible that men as intelligent as Professor Silliman, Mr.
Bissell, and others interested in the Pennsylvania Rock-Oil Company,
should not have taken means of finding out how the familiar “Kier’s
Rock-Oil” was obtained. Professor Silliman at least must have known of
the quantities of oil which had been obtained in different states in
drilling salt wells; indeed, in his report (see Appendix, Number 1) he
speaks of “wells sunk for the purpose of accumulating the product.” In
the “American Journal of Science” for 1840—of which he was one of the
editors—is an account of a famous oil well struck near Burkesville,
Kentucky, about 1830, when drilling for salt. It seems probable that the
idea of seeking oil on the lands leased by the Petroleum Rock-Oil
Company by drilling artesian wells had been long discussed by the
gentlemen interested in the venture, and that Drake came to Titusville
with instructions to put down a well. It is certain, at all events, that
he was soon explaining to his superiors at home the difficulty of
getting a driller, an engine-house and tools, and that he was employing
the interval in trying to open new oil springs and make the old ones
more profitable.
[Illustration:
E. L. DRAKE
In 1859 Drake drilled near Titusville, Pennsylvania, the first
artesian well put down for petroleum. He is popularly said to have
“discovered oil.”
]
Public-domain text, read in full here on John Shaqi.
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