Tag: magnolia petroleum company

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This Day in Texas History: Magnolia Petroleum Company Founded

This Day in Texas History: Magnolia Petroleum Company Founded April 24, 1911 On this day in 1911, the Magnolia Petroleum Company was founded as an unincorporated joint-stock association. It was a consolidation of several earlier companies, the first of which, the J. S. Cullinan Company, began operating a refinery at Corsicana in 1898. In 1909…
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This day in Texas History: Spindletop Oilfield Discovered

This day in Texas History: (from the Texas State Historical Association archives) Spindletop Oilfield Discovered January 10, 1901 On this day in 1901, the Spindletop Oilfield was discovered on a salt dome south of Beaumont, marking the birth of the modern petroleum industry. Pattillo Higgins, the “prophet of Spindletop,” and others had tried for years to find…
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