A century since the product of Oil Creek Valley amounted to a dozen barrels a year. The first shipment in bulk was made by a man named Cary, who filled two five-gallon kegs and lashed them on either side of the horse he rode to the market at Pittsburgh. This supply stocked the market.
By the year 1865 Venango County shipped 13,000 barrels per day about the only oil produced in this country.
Petroleum was desired as an illuminator, but the small quantity obtainable made it too expensive.
According to the production records more than one billion barrels of oil were produced in 1923 for a world’s record in oil production—and yet the supply is far short of the world demand.
Fish oil is the earliest known illuminant and lubricant. “Coal oil,” however, still used erroneously as the name for kerosene, was discovered less than eighty years ago by Dr. Abraham Gesner, who, in 1846, obtained oil from coal. That was enough to ruin the fish oil industry, and soon more than fifty coal oil works were put in operation, distilling oil from bituminous, or soft coal.
A man named Kier, at Tarentum, Pennsylvania, in 1847, bored for salt water and pumped up oil. He put it in barrels and sold it. A professor at Dartmouth College, using some of the oil, told George H. Bissell that in his opinion it could be used for illuminating purposes. Bissell investigated these claims and organized the Petroleum Oil Company—which was the first of its kind in the United States, and sent a quantity to Benjamin Silliman, Professor of Chemistry in Yale College, who reported that nearly the whole of the raw product could be treated so as to be used for illuminating and other purposes without any waste.
In December, 1857, Colonel Edwin L. Drake, one of the stockholders of this company, rode into Titusville on a mail coach from Erie. He carried with him $1,000 with which to begin boring for oil. He started immediately to his work, but met with many discouragements.
Well drillers were unknown and well drilling machinery almost unheard of in 1858. He built his “pump house” and derrick, and with the assistance of “Uncle Billy” Smith, began drilling.
The beginning was made in quicksand and clay, and as soon as the hole was made it filled up with water and caved in. Drake then hit upon the scheme of driving an iron pipe through to bedrock, and its success made the use of this method the standard practice of today in the oil fields everywhere.
After rock was reached they bored but three feet per day, but by Saturday, August 27, 1859, the well had reached the depth of sixty-nine feet and the drill was working in coarse sand. Smith and his sons, who were helping him, had finished for the week. As they were quitting the drill dropped six inches, apparently into a crevice, as was common in salt wells. No attention was paid to this circumstance, the tools were drawn out and all hands adjourned to Titusville.