How I Made My First Billion
October, 1961
How I Made My First BillionAfter many fruit less months of prospecting for oil in Oklahoma, I finally spudded my first test well not far from Stone Bluff, a tiny Muskogee County hamlet, in early January 1916.On February 2, the bailer—the device which cleared formation rock from the drill hole—brought up a quantity of oil sand. This indicated that we were nearing the final stages of drilling; the next twenty-four hours would prove whether the well was a producer or a dry hole.I was still very you...