November 13, 1925 – New Oil Discovery at Spindletop, Texas

The Yount-Lee Oil Company started a second major drilling boom at Spindletop, Texas, when the McFaddin No. 2 well began producing 5,000 barrels of oil a day. The well was completed just south of the famous “Lucas Gusher” of 1901. Miles Yount, who had founded his exploration company in 1914, believed Spindletop Hill held more oil – if drilled deeper on its flanks. His well reached a depth of 2,500 feet (more than twice that of the 1901 well) and proved him right. That evening a Beaumont radio station announced the discovery, launching another Texas oil boom.

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