Sunday, October 9, 2011

Marking Time #3: World's Richest Acre

Today's installment of "Marking Time" takes us out to East Texas where they had quite an oil boom awhile back. The HUGE amount of drilling is commemorated by the "World's Richest Acre" Park:

Which also has a State Historical Marker which reads:

Part of fabulous East Texas oil field discovered in 1930. This 1.195-acre tract had first production on June 17, 1937, when the Mrs. Bess Johnson-Adams & Hale No. 1 well was brought in.
Developed before well-spacing rules, this block is the most densely drilled tract in the world, with 24 wells on 10 lots owned by six different operators. This acre has produced over two and a half million barrels of crude oil; selling at $1.10 to $3.25 a barrel, it has brought more than five and a half million dollars.
A forest of steel derricks for many years stood over the more than 1,000 wells in downtown Kilgore, marking the greatest concentration of oil wells in the history of the world. Dozens of these derricks still dot city's internationally famous skyline.
Since 1930, the East Texas oil field has produced nearly four billion barrels of oil. It now has more than 17,000 producing wells, and geologists predict a future of at least 45 years for this "granddaddy of oil fields." Its development has attracted to the area many diversified industries and a progressive citizenship with a high degree of civic pride.

And as luck would have it we have a video for this one that we shot a few years ago:

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