And you can imagine that someone who haven't had even $1 to go out and buy food, that someone would come in and say, "I'll give you $100 to lease your land." Peterman wishes the Thompsons the best.”Rudnicki has claimed he deserved the payout because he helped engineer the sale of the company’s “Red Bull” assets in West Texas, earning the Thompsons a net $1 billion in proceeds.
And a lot of them was running it without even gauging it, letting it run right down into the pipelines.
Using archival material and interviews, the film focuses on the development of three major oil fields: Spindletop, Big Lake, and East Texas. NARRATOR: Nora Locklin was witness to a modern miracle. The houses, and the white-legged chickens weren't white anymore. They planned the church, they hired the preacher. We didn't get a breakfast that day because all at once the whole world woke loose. Once the well is spudded in, drilling is continuous.
NARRATOR: Dad Joiner wrote to Daisy Bradford, "Do you believe in science?
And of course, as history would prove, Doc Lloyd did find the Woodbine sands at less than 3,600 feet, and it would produce the biggest oil field in the world.
Two months later, a spark from a passing locomotive set the hill on fire. 1, came roaring to life. M.A.
NARRATOR: Many in the industry knew that overproduction was damaging another great field.
Three months after the Daisy Bradford No. The widow and two daughters of the late Texas wildcatter J. Cleo Thompson are trying to get back $100 million they say a former executive of the family’s oil company extorted. The University of Texas, owner of the land, was suddenly rich. And we psyched it up and a gunny sack. I mean, it's fascinating. Geologists Jerry Kenebrew and Rick Alban expect to hit the Bryson sand at 4,894 feet. Drilling mud, a sophisticated mixture of chemicals, helps to shore up the sides of the hole and provides a circulating medium, which brings samples to the surface. NARRATOR: In Beaumont, Texas, at the end of the century, the wildcatter was Pattillo Higgins, who was convinced that oil could be found under a nearby hill called Spindletop.
The situation was so bad that many oilmen called for nationalization.
They just hadn't thought the thing through. We had everything that was good, I think, in this camp of Texon.
J.R. PARTEN: It is ironic, but people hadn't thought the thing through.
BERTHA DELZ: The way that it was when I came here, it was just one of the grandest places I've ever been. 1 was brought in near Kilgore, 20 miles to the north. The troops were powerless to stop them. It was a time for praying, a time for preaching. MICHEL HALBOUTY: Lucas came back and found out, and saw rather, that all those wells that were producing, five, ten, 15, 20 to 25,000 barrels a day were just trickling. And it wasn't anything to get excited about. Of course everyone at that time thought he was nuts, including me. Hunt made over $100 million on the deal, the foundation of a fortune that would make him one of the richest men in the world. Hot oil operators could no longer find a market, and the proration battle was finally won. The gas on Spindletop would hurt their eyes, and mama used to, they'd come to her and she'd put pads on, take the swelling off. One more day to the Lower Caddo. Well, he and Slats were right side by side, and it burned Major fatally, but it hardly, well it burned Mr. Cook, but not that much. And that's me.
And the Texon Cafe sat right there on that corner. A good well will contain thousands of feet of free oil in the drill stem.
NARRATOR: But the future of write in Texon, the town built around the Santa Rita No. MONCRIEF: He predicted that the field would be four to ten miles wide and 40 to 50 miles long. MAT BARTON: Takes money.
J.P. MAXWELL: This is Dad Joiner. NARRATOR: Texon thrived, built on the riches brought up from 3,000 feet underground. Old timers had less equipment, but a sniff and a taste told them all they needed to know. And a man who hasn't got too much sense. And then the Texon grocery store, on in there.
They wanted no government interference.
W.A.
You know, from wells, too much oil and you couldn't get rid of, and it burned. MONCRIEF: While they were drilling the well at 3,575 feet, the bit literally dropped into the sand, which was indicating either perhaps water or oil.
As oil prices rose, charges of price fixing were leveled against the industry. It was every man for himself.
And that was this: "Money? They'd come out on Sunday afternoon and turn the well on and see who's well go to the highest. The reality of Texas oil is that it is still a major component of the national economy.
As production from the field has dropped, Texon's population has also dwindled to just seven families today. August 17, he declared martial law and sent National Guard troops to shut the field down. Do you believe that there's, hidden in the bowels of the earth, untold millions of oil, gas, and other minerals?
The East Texas field, biggest of them all, was discovered near Turnertown and Joinerville, Rusk County, by veteran wildcatter C. M. (Dad) Joiner in October 1930. And if he really believed that the Woodbine was there, as Doc Lloyd said it was, at 3,550 feet, would have been simply to have moved over and drill a fourth well. They ran to hide, but there was no place to hide from the wrath of God.
And there was that bailor going to the top of that 86-foot derrick and hit the crown block and fell down the one side.
BERTE HAIGH: Some stock and well interest had been sold to a group of Catholic women, who apparently became a little doubtful of their financial wisdom, and they consulted with their priest. Tanks were right there, right over on that side of the hill. People felt the end of the world and come. But the first day of the boom, it rained. No sign of oil or gas.
I know where that is. Thousands of head of cattle.
BERTHA DELZ: The reason I have all this paper over these boxes, that's contact paper, I just put it over every box that's not rented, because I don't want to take a chance on putting someone's mail in a box that's supposed to be vacant, and it wouldn't be found for a long time. MICHEL HALBOUTY: It was a jungle. On wells like this, skilled hands work alongside roughnecks on their way up.
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