![]() ![]() ![]() Lacking good business sense (including failing to patent his innovative drilling invention, the “Drake Well”), he went broke in 1863 and never recovered financially. There was lots of money to be made in Titusville, and Watson was soon followed by a host of oil millionaires.Įdwin L. Jonathan Watson, the man lucky enough to own the land where Drake was drilling, became history’s first oil millionaire. The town’s population swelled to 10,000, as eight oil refineries were built between 18 and oil industry support businesses mushroomed. Titusville was a sleepy little town of 250 residents when Drake made his discovery, but that all changed very quickly. Drake, to the right, and the Drake Well in the background, in Titusville, Pennsylvania, where the first commercial well was drilled in 1859 to find oil.” Credit: Library of Congress, Prints and Photographs Division. Drake’s drill bit found oil at a depth of 69.5 feet. This became known as the “Drake Well” method, a system essentially still used today. The pipe prevented the deep hole from collapsing in on itself. He used a steam engine to power his drill, and his great innovation was to line the hole with cast iron pipe and drill through the pipe down below the bedrock. However, petroleum was sought in the 19 th century as a replacement for whale oil, used in lamps to light people’s homes.ĭrake was working for the newly-formed Seneca Oil Company when he made his discovery. Many people equate the petroleum industry with gasoline, and assume the industry – along with the automobile industry – were features of the 20 th century. Credit: Ohio Department for Natural Resources Wikimedia Commons. On 27 August 1859, Edwin Laurentine Drake (1819-1880) drilled that well near Titusville, Pennsylvania, beginning the Pennsylvania oil rush of the second half of the 19 th century. It may surprise some people, however, to learn that the oil drilling industry made big headlines way back in 1859 – when the first commercially successful oil well was drilled. Shipping to Canada is a flat rate of $14.99 and all other countries are $19.99 and there is also no extra charge when shipping more than one item.Īll orders are shipped promptly using the United States Postal Service.News about oil drilling, the price of gasoline, and the petroleum industry in general often dominates today’s headlines. We can ship to virtually any address in the world. If your order is less than $15.00 we offer Standard Shipping within the U.S at flat rate of only $4.99. Your order total must be $15.00 or more to qualify for the Free Shipping promotion. Posterazzi is offering Free Shipping on all U.S. We will respond quickly with instructions for how to return items from your order. If you need to return an item, please Contact Us with your order number and details about the product you would like to return. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days). You should expect to receive your refund within 2 weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. We offer a 30 Day Money Back Guarantee so that you can always buy with confidence. You may return any items within 30 days of delivery for an exchange or a full refund. ![]()
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