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International Petroleum

A worker sends signals to the oil derrick platform at the Spindletop reservoir's newly operational drilling site on Monday, December 23, 2013.
(Guiseppe Barranco/The Beaumont Enterprise)

A new life for Spindletop (photos)

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Hard-hatted roughnecks returned to Spindletop this week, aiming to make another historic strike on the storied grounds.
Brian Kalinec, a geophycisist on the team planning to drill for oil at Spindletop, shows a prospective investor seismic data from the historic oil field at the Winter NAPE Expo. (Emily Pickrell)

Spindletop team courts buyers for historic revival

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The team of oilmen hoping to strike it rich at Spindletop spent Thursday meeting would-be investors at the NAPE convention in Houston and explaining why they believe there is yet more money to be made under the historic oil field.
One well struck oil at Spindletop in 1901. Two years later, the hill was covered with derricks. Now a new group wants to drill even deeper.

Oilmen hope to make new history at Spindletop

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The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.