World's Richest Acre Historical

World's Richest Acre Historical (HM1TA0)

Location: Kilgore, TX 75662 Gregg County
Country: United States of America

N 32° 23.213', W 94° 52.575'

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Inscription
Part of fabulous East Texas oil field discovered in 1930. This 1.195-acre tract had first production on June 17, 1937, when the Mrs. Bess Johnson-Adams & Hale No. 1 well was brought in.

Developed before well-spacing rules, this block is the most densely drilled tract in the world, with 24 wells on 10 lots owned by six different operators. This acre has produced over two and a half million barrels of crude oil; selling at $1.10 to $3.25 a barrel, it has brought more than five and a half million dollars.

A forest of steel derricks for many years stood over the more than 1,000 wells in downtown Kilgore, marking the greatest concentration of oil wells in the history of the world. Dozens of these derricks still dot city's internationally famous skyline.

Since 1930, the East Texas oil field has produced nearly four billion barrels of oil. It now has more than 17,000 producing wells, and geologists predict a future of at least 45 years for this "granddaddy of oil fields." Its development has attracted to the area many diversified industries and a progressive citizenship with a high degree of civic pride.
Details
HM NumberHM1TA0
Tags
Year Placed1966
Placed ByState Historical Survey Committee
Marker ConditionNo reports yet
Date Added Tuesday, July 26th, 2016 at 1:02pm PDT -07:00
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Locationbig map
UTM (WGS84 Datum)15S E 323512 N 3584868
Decimal Degrees32.38688333, -94.87625000
Degrees and Decimal MinutesN 32° 23.213', W 94° 52.575'
Degrees, Minutes and Seconds32° 23' 12.78" N, 94° 52' 34.5" W
Driving DirectionsGoogle Maps
Area Code(s)903
Which side of the road?Marker is on the right when traveling East
Closest Postal AddressAt or near 100-198 N Commerce St, Kilgore TX 75662, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

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