HistoricSiteMarkers
Progressive & Modern Era

Ector County's First Dry Hole

Odessa, Ector County, Texas

Marker Inscription

Drilled in 1924 near this site. Geologists were forecasting oil and urgently-needed potash, but Pennsylvania experts (using a chilled shop core drill) gave up the well at 900 feet, on "Red Bed" Rock--A substance new to them. Loss in this and a second drilling was $150.000. In 1927 a well was brought in just west of Odessa, and in a few years oil was found within yards of the first dry hole. By 1964 Ector County had 9,600 oil and 22 gas wells. However, the U.S. average is 8 dry holes out of 9 wells such as that drilled here in 1924.

Erected by Texas Historical Commission

The Story

In 1924, hopeful geologists and drillers probed the West Texas plains near Odessa for oil and potash, only to be stopped cold at 900 feet by unfamiliar "Red Bed" rock. Two costly attempts failed, but the gamble paid off in 1927 when a well came in just west of town, and soon oil was struck within yards of that first dry hole. By 1964 Ector County counted thousands of producing wells.

Why it matters

The marker captures the trial-and-error grit of the Permian Basin oil boom, where a single dry hole could stand yards from a fortune and reshape the economy of an entire region.

Own a business near here? Add it to the map.

Related events

  • · Permian Basin oil boom

Themes & tags

Nearby & related markers

Ector County Newspapers

Odessa, TX

Odessa's newspaper history began in 1895, when William C. 'Uncle Billy' Griffin launched Ector County's first paper, the Weekly News. A string of short-lived weeklies followed until the late 1920s, when the papers that would become the Odessa American took shape through a series of mergers. Consolidated in 1940 and sold several times, the American outlasted its many competitors and has been published from this site since 1951.

Earl George Rodman, Sr. and William Douglas Noel

Odessa, TX

Earl Rodman and William Noel came from very different starts in the oil business—Rodman a WWI veteran turned oilfield developer, Noel a University of Texas chemist who began as a roustabout—before joining forces in Odessa in 1946. Their Odessa Natural Gasoline Company sought to profitably use the natural gas that refineries were wasting, and their vision drew El Paso Products, Rexene, General Tire, and Shell to open plants in the town. Over a thirty-year partnership the two men built the petrochemical industry that transformed West Texas.

Odessa Petrochemical Complex

Odessa, TX

In 1946 four West Texas oilmen founded the Odessa Natural Gasoline Company to capture the natural gas being flared away as waste in the oil fields. That gas proved ideal for making butadiene and styrene—the building blocks of synthetic rubber—and through the 1950s the Odessa Chamber of Commerce helped attract a cluster of plants that grew into what was then the largest petrochemical complex in the world. Firms like Shell, Rexene, and El Paso Products anchored an industry that reshaped the town.

First National Bank of Odessa

Odessa, TX

Banking in early Odessa began with handshakes and the lending counter of a general store, giving way to a string of short-lived state banks as farming and ranching expanded in the early 1900s. Against the odds of the Panic of 1907 and the 1929 crash, the First National Bank of Odessa opened on April 2, 1932, and managed to serve customers straight through the Great Depression. By 1949 it occupied a modern building with fifteen teller windows, a drive-up window, air conditioning, and a large mural by artists Michael and Ethel Chomyk, celebrated by the local paper as a milestone for the town's economy.