First Oil Well

First Oil Well (HM1IPY)

Location: Falls City, NE 68355 Richardson County
Country: United States of America

N 40° 3.933', W 95° 40.305'

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The first publicized report of oil in Nebraska was an 1883 newspaper account of a "vein of petroleum" discovered in Richardson County. Over the next 57 years, the search for oil consumed thousands of dollars, and hundreds of wells were drilled throughout Nebraska. Traces of oil were reported at various locations across the state, but Nebraska did not have a producing well until 1940.

In 1939 and 1940 the Pawnee Royalty Company had two encouraging but unsuccessful drillings near Falls City. A third well, known as Bucholz No. 1, was begun near here on April 22, 1940. On May 29, 1940, the well began producing and averaged 169-1/2 barrels daily for the first 60 days.

Bucholz Well No. 1 thus easily qualified for a $15,000 bonus offered by the Nebraska Legislature for the first oil well in the state to produce at least 50 barrels daily for 60 consecutive days. Interestingly, Bucholz No. 1 was located about five miles east of the "vein of petroleum" reported in 1883.

Although today Nebraska's oil production is largely centered in the southwestern panhandle, the pioneer efforts in this area have resulted in a major contribution to the economy of the state.

Nebraska Petroleum Council
Historical Land Mark Council
Details
HM NumberHM1IPY
Series This marker is part of the Nebraska: Nebraska State Historical Society series
Tags
Marker Number79
Placed ByNebraska Petroleum Council, Historical Land Mark Council
Marker ConditionNo reports yet
Date Added Wednesday, January 7th, 2015 at 9:02pm PST -08:00
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Locationbig map
UTM (WGS84 Datum)15T E 272144 N 4438453
Decimal Degrees40.06555000, -95.67175000
Degrees and Decimal MinutesN 40° 3.933', W 95° 40.305'
Degrees, Minutes and Seconds40° 3' 55.98" N, 95° 40' 18.3" W
Driving DirectionsGoogle Maps
Area Code(s)402
Which side of the road?Marker is on the right when traveling East
Closest Postal AddressAt or near NE-8, Falls City NE 68355, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

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