This isn’t the first time oil has gushed from Texas wells at a record rate and sent towns around state the state into an economic boom. See how life in Texas changed in towns like Kilgore, Freer and elsewhere after the Texas oil explosion:
Wildcatter Harvey Howell hunts and hopes for elusive reserves on the edge of the booming Eagle Ford shale, without the 3-D seismic imaging and billion-dollar budgets of major oil companies drilling nearby.
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.
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.
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