Some experts call it ‘unprecedented’. But as the Tyler Morning Telegraph reports: ‘there’s a caveat. Technically recoverable doesn’t mean profitable – yet.’
As far back as 1911, geologists predicted that significant mineral wealth lay below East Texas, in what was then called the Woodbine Stratum – a formation above the Haynesville Shale.
And Columbus Marion “Dad” Joiner proved them right in 1930, when the Daisy Bradford No. 3 well struck oil just outside Henderson in western Rusk County.
It was really just a drill stem test – they weren’t expecting to hit anything. But at 3,592 feet, Joiner tapped into what was for years thought to be the largest oil and gas reserves in the world. But no-one predicted the vastness of the energy wealth available here.
View original post 157 more words