Oilmen hope to make new history at Spindletop
Spindletop.
The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.
More than 100 years later, the oilmen are back at Spindletop, calculating how to extract even more oil from deeper levels at the hallowed site, which they believe may contain millions more barrels of crude.
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"Spindletop gave rise to some of the largest oil and gas companies that are still around today," said Mark Wixom, vice president of Salt Lake City-based International Petroleum, a 50 percent investor in the project, along with Bakersfield, Calif.-based E&B Natural Resources. "We could be the people to finish the next chapter of Spindletop. We think the book's not done yet."
More at http://www.beaumontenterprise.com/news/article/Oilmen-hope-to-make-new-history-at-Spindletop-4259723.php .
