Wildcatters Rush Spindletop in Return to East Texas Oil: Energy
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From the storied King Ranch near the Mexican border to the 1901 Spindletop well in East Texas-- the most famous gusher of all time--oil companies are returning to their old stomping grounds in search of the next big find.
All over East Texas, producers such as Anadarko Petroleum Corp. and EOG Resources Inc. are flocking back to areas that helped fuel America’s rise as a superpower after World War II. They’re applying new techniques to layers of rock stacked like playing cards underground that oil companies have drilled for decades. And, as fields from Louisiana to North Dakota are starting to show signs of fatigue, drillers are targeting areas that have long been overlooked or barely tapped.