The High Lights Of Arkansas History PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... ern part of Pulaski County, the location being convenient to the main line of the Missouri Pacific Railroad. The purchase was made in 1919, though the institution was not opened until early in the year 1920. Oil Discovered In Arkansas (1920). Oil was discovered first in commercial quantities in Arkansas on April 10, 1920. The well, in which it was found, was drilled by S. Hunter, of Shreveport, Louisiana. Thus it was known as the "Hunter Discovery Well." Its exact location is described as "on the S E)4 of the N EX of Section 13, Twp. 15 S., Range 19 W." The town of Stephens, in Ouachita county, is situated near the well. Mr Hunter had been given leases on something like 20,000 acres in the vicinity of Stephens as an inducement to drill the well. While this particular well was never worked as a producer of oil in commercial quantities, enough was bailed from it to prove that the oil was there in paying quantities. Mr. Hunter, at all events, succeeded immediately in selling most of his acreage, including the well, to the Standard Oil Company for $800,000 in cash and a guarantee of $1,000,000. "from the sale of the first oil produced from the said leases." However, the Standard has never drilled another well on this acreage. The second oil well was drilled by the White Oil Corporation about eight miles southwest of El Dorado. It "came in" on December 23, 1920, with a daily flow of twenty-five barrels. But the Arkansas oil boom really had its beginning with the completion of the Mitchell & Busey well, which "came in" on January 10, 1921, with a daily production estimated at ten thousand barrels. Arkansas first appeared in the reports of the United States Geological Survey as an oil producing state in March, 1921, with 10,000 barrels as the...