Petroleum well

Definition and stakes

Portrait of Thomas Wallace Knox Thomas Wallace Knox,  The Boy Travellers in the Russian Empire

“ Thirty thousand poods are equivalent to one hundred and twenty-five thousand gallons; multiplied by twenty-four it gives the unprecedented yield of three million gallons a day. Estimating thirty gallons to the barrel, we have a well flowing one hundred thousand barrels of oil daily! This is something never dreamed of by the wildest petroleum speculator in America. A single well of the Baku district is producing more oil than the aggregate of all the petroleum wells in the United States. ”
Source: Gutenberg

John J. McLaurin,  Sketches in Crude-oil

“ They have seen the four salt-and-oil wells at Tarentum and the solitary oil-well at Titusville multiplied into a hundred-thousand holes drilled for petroleum and a production almost beyond calculation. Do the gentlemen composing this little group occupy a position dramatic in the marvelous events they review? Is petroleum freighted with interest and a touch of romance at every step of its passage from the well to the lamp? ”
Source: Gutenberg

Robert W. Bruère,  The Coming of Coal

“ Ton for ton, petroleum has every advantage over coal, and there is every reason why it should drive coal out of its preeminent position in industry, except one—the limitations of the supply.
For petroleum is far cheaper to produce, not only in terms of money, but in terms of human effort and life. Compare with the labor and hazard of opening and working a coal mine Pogue and Gilbert's description of the opening of an oil well.
”
Source: Gutenberg

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