10/14/2016
Sometimes, if you wanna know where you're going, you gotta know where you've been.
THROW BACK OIL FIELD THURSDAY
The Oklahoma City oil field, just outside the southeastern limits of Oklahoma City, Oklahoma, was discovered on December 4, 1928, by the Indian Territory Illuminating Oil Company and Foster Petroleum Corporation with their Oklahoma City No. 1, center SE. ¼, SE. ¼, Sec. 24, T. 11 N., R. 3 W., at a total depth of 6,402 feet.
By March 10, 1930, there were 135 completed oil wells and 173 drilling wells or locations in the field. The total production at that date was estimated at 14,500,000 barrels. The potential production of the field was 870,000 barrels. Almost from its beginning the field has been radically prorated.