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Drake Well: Difference between revisions
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In the United States before the Drake Well, oil-producing wells were wells that were drilled for salt brine, and produced oil and gas only as accidental byproducts. An intended drinking water well at Oil Springs, Ontario found oil in 1858, a year before the Drake Well, but it had not been drilled for oil. Historians have noted that the importance of the Drake Well was not in being the first well to produce oil, but in attracting the first great wave of investment in oil drilling, refining, and marketing. The importance of the Drake Well was in the fact that it caused prompt for additional drilling, thus establishing a supply of petroleum in sufficient quantity to support business enterprises of magnitude. | In the United States before the Drake Well, oil-producing wells were wells that were drilled for salt brine, and produced oil and gas only as accidental byproducts. An intended drinking water well at Oil Springs, Ontario found oil in 1858, a year before the Drake Well, but it had not been drilled for oil. Historians have noted that the importance of the Drake Well was not in being the first well to produce oil, but in attracting the first great wave of investment in oil drilling, refining, and marketing. The importance of the Drake Well was in the fact that it caused prompt for additional drilling, thus establishing a supply of petroleum in sufficient quantity to support business enterprises of magnitude. | ||
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