Oil Well in 1859

Oil Industry History

This is the well near Titusville, Penn., that pumped the petroleum industry into existence 100 years ago. The picture was taken four years after Col. Edwin L. Drake struck oil on Aug. 27, 1859. AP How the American Oil Industry Got Its Start America’s first successful wildcatter had a lot in common with fiction’s most famous…

gas station

Oil Drilling Production

U.S. drillers add the most oil rigs in a week since June: Baker Hughes U.S. energy companies added the most oil drilling rigs in a week since June as crude prices traded up to their highest levels since the summer of 2015. Drillers added nine oil rigs in the week to Nov. 10, bringing the total…