Junction High School - Golden Eagle Yearbook (Junction, TX)

 - Class of 1986

Page 25 of 206

 

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1986 Edition, Page 25 of 206
Page 25 of 206



Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1986 Edition, Page 24
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Page 25 text:

companies profited from a seemingly inexhaustible supply of crude extracted from the coastal area. If California produced a barrage of panhandlers in 1849 with gold fever, the discovery of oil recreated the scene in turn-of-the-century Texas Thar's oil in that thar ground! Almost too much oil? Maybe for W.T. Waggoner who, in 1910 while drilling a well on his North Texas ranch discovered oil, was quoted as saying, Damn the oil. I wanted water.” By 1920, the state was floating on a sea of oil. Petroleum production that year neared 100 million barrels valued at over $300 million, while natural gas production assumed a distinguished role and produced over $7 million in revenue. Corporations and independent oil companies were working to stabilize the industry, but spectacular booms and massive finds hampered any control. Between 1918 and 1926, the Panhandle opened what was to be the largest gas field in the world. By the mid-1950s the Panhandle fields attracted 43 plants that produced over 50 percent of the natural gas extracted in Texas. West Texas attracted attention with the discovery of the Permian Basin, and towns like Colorado City, Big Spring, Midland, Odessa and Pecos experienced a rapid population boom. Crane County organized a county government for the first time, significant because as late as 1918 there were only 14 citizens in the county. The Lone Star State has been the nation's leading oil-producing state since 1928. Growth of the oil industry led to activity in Texas banks, real estate and retail trade. Farmers began to look like ranchers, and the term Texas Millionaire was soon adopted. The story of the Texas petroleum industry before the Great Depression is one of spectacle and drama. On Oct. 3, 1930, the No. 3 Daisy Bradford oil well in East Texas created an explosion in oil discovery. The boom was on and independent oil men rushed to the sight. By the end of 1931, the fields in East Texas supported 5,652 wells. The situation led to massive overproduction. The price of oil tumbled. It was time for regulation, and through the efforts of the Texas Railroad Commission, the price of oil was stabilized by limiting production. The oil industry discovered a new growth in the production of oil products — perhaps the greatest impact petroleum has had on Texas. During World War II, the petroleum industry developed into the petrochemical industry. Thousands of variations of plastics, synthetic rubbers, dyes, fertilizers and chemicals were being produced in the Gulf Coast, Permian Basin and Panhandle areas. Production in these areas continues today. Petroleum-related businesses in 1982 employed roughly one out of every 12 non-farmers in the state. For every 10 jobs created in the oil industry, another 37 are created in other sectors of the economy. Government has also prospered from the petroleum industry in Texas, with the oil and gas business claiming the title of the state’s single largest taxpayer.

Page 24 text:

o is for the Oil we take from the ground exas in 1900 boasted a population of three million. Cities were growing, lifestyles reflected a diverse cultural ■ background, and effects of industrialization were noticeable. ■ But the state was decidedly rural. Newspapers advertised land and agriculture. The state’s leading industries were cotton, cattle and land. For Texas, the 20th century did not begin until Jan. 10, 1901 when the Lucas No. 1 oil well blew out at Spindletop, Texas — near Beaumont — and brought in the state’s first gusher. The state’s history changed its course at that moment. Oil had come to Texas. It took six days to cap the Lucas No. 1 as the well spilled an estimated 75,000 barrels of oil each day. Thousands of spectators rushed to see the spectacle. In 1902, Spindletop accounted for 94 percent of the state's oil production. The salt dome formations around Beaumont were now housing wells within a 150-mile radius which created an oil glut attracting global attention. At one point, oil was selling for three cents-a-barrel while drinking water for oil-field workers sold for five cents-a-cup. The Texas Gulf Coast became a magnet for large corporations and entrepreneurs. Among those building refineries, pipelines and export facilities in the Port Arthur-Beaumont region were the Gulf Oil, Sun Oil and Texas Companies. By 1911, a group of Houston investors formed their own company, the Humble Oil and Refining Company, later affiliated with Standard of New Jersey. These smaller, independently-owned oil Today’s wildcats are a different breed. As powerful and dangerous as the sea itself, massive offshore drilling rigs line the Texas Gulf Coast.



Page 26 text:

survey of Texans’ occupations in 1860 reported 2,223 merchants, 1,471 doctors and 850 lawyers. There were 758 clergymen, but only eight architects. Four Texans described themselves as catchers of wild horses,” a conventional occupation in those days. Among the unexpected occupations reported were four toymakers, six photographers, three actors, five clockmakers and six dancing masters. But of the 43,000 Texans who listed occupations, about 25,000 called themselves farmers. The most important crop for the marketplace was cotton. The first large-scale cotton planter, Colonel Jared E. Groce, moved to Austin County from Alabama in late 1821. Except for years when pests destroyed the crops, production increased every year. Texas agriculture was ruled by cotton’s supremacy for many decades following the cotton boom of 1850. By 1925,Texas farmers harvested 36 percent of the nation's cotton and 20 percent of the cotton grown in the world. Farmers chose to produce sorghum and other varieties of livestock feed in lieu of cotton. Acreage devoted to livestock feed increased from 23,000 to 1,701,000 acres from 1879 to 1929. Cotton yields decreased in 1892 when the boll weevil destroyed crops after crossing the Rio Grande River and again in the 1930s because of the Great Depression and the Dust Bowl. Although cotton was the cash crop in early Texas, corn was indispensable. To a large extent, corn sustained the people and livestock of Texas. Sweet potatoes ranked next to corn in importance. Other crops included Irish potatoes, wheat, beans, peas and melons. Whereas, livestock included poultry, hogs, horses, sheep, goats and cattle. Citrus fruits were a profitable commercial crop and, by 1929, 85 percent of Texas' five million citrus trees grew the delicious Texas Ruby Red Grapefruit. During the 1880s, sugar production increased on 5,000 acres and 45 plantations in Brazoria, Ft. Bend, Matagorda and Wharton counties. This area became known as the Sugar Bowl.” The sugar industry grew until weather caused its demise. Commercial farming decreased drastically in the 1930s. Since the Depression, farming patterns have changed. Between 1935 and 1980, the

Suggestions in the Junction High School - Golden Eagle Yearbook (Junction, TX) collection:

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1982 Edition, Page 1

1982

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1983 Edition, Page 1

1983

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1984 Edition, Page 1

1984

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1985 Edition, Page 1

1985

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1987 Edition, Page 1

1987

Junction High School - Golden Eagle Yearbook (Junction, TX) online collection, 1988 Edition, Page 1

1988


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