The World Petroleum Industry: It All Started in Pennsylvania

The modern petroleum industry is a vast and complex association of multinational corpora­tions, producing countries, consumers and other inter­acting elements. The petroleum milieu is often identified and equated with the largest oil companies, “the seven sis­ters”: Exxon, Royal Dutch Shell, Gulf, British Petroleum, Mobil, Standard of California, and Texaco. As if to empha­size the...
read more

Oldest Producing Oil Well

Commercial petroleum production began in 1859 with Edwin L. Drake’s well at Titusville, Venango County, but the well failed after only two years of operation. In McClintock, two miles north of Oil City, however, the world’s oldest producing well continues to yield oil. The McClintock Number 1 in Cornplanter Township began pumping crude in 1861, the same year the Drake Well went dry....
read more