World's Richest Acre
Kilgore, Gregg County, Texas
Marker Inscription
Part of fabulous East Texas oil field discovered in 1930. This 1.195-acre tract had first production on June 17, 1937, when the Mrs. Bess Johnson-Adams & Hale No. 1 well was brought in. Developed before well-spacing rules, this block is the most densely drilled tract in the world, with 24 wells on 10 lots owned by six different operators. This acre has produced over two and a half million barrels of crude oil; selling at $1.10 to $3.25 a barrel, it has brought more than five and a half million dollars. A forest of steel derricks for many years stood over the more than 1,000 wells in downtown Kilgore, marking the greatest concentration of oil wells in the history of the world. Dozens of these derricks still dot city's internationally famous skyline. Since 1930, the East Texas oil field has produced nearly four billion barrels of oil. It now has more than 17,000 producing wells, and geologists predict a future of at least 45 years for this "granddaddy of oil fields." Its development has attracted to the area many diversified industries and a progressive citizenship with a high degree of civic pride. (1966)
Erected by Texas Historical Commission
The Story
This tiny 1.195-acre tract in downtown Kilgore sits atop the fabulous East Texas oil field discovered in 1930. Drilled before spacing rules took effect, it became the most densely developed oil block on earth, with 24 wells crowded onto ten lots owned by six operators. A forest of steel derricks once towered over Kilgore's skyline, part of a field that has produced billions of barrels and reshaped the region's economy.
Why it matters
The "World's Richest Acre" symbolizes the frenzied East Texas oil boom that fueled American industry, remade Depression-era Texas, and made the state a global center of petroleum.
Own a business near here? Add it to the map.
Related events
- · East Texas oil boom
Themes & tags
Nearby & related markers
The Kilgore I&GN-Missouri Pacific Railroad Station
Kilgore, TX
The town of Kilgore owes its existence to the railroad, which platted a townsite in the early 1870s on land tied to C. B. "Buck" Kilgore, who had donated a right-of-way and lent the community his name. This depot, completed in 1872, handled passengers and freight and served the surrounding farming and lumber country. When oil was struck nearby in the early 1930s, the station's shipments surged, and it later saw troop trains roll through before rail traffic faded and the depot closed in 1977.
Kilgore National Bank Building
Kilgore, TX
When oil gushed in East Texas in the early 1930s, Kilgore transformed almost overnight from a sleepy town into a forest of drilling derricks and sudden fortunes—even as the rest of the nation sank into the Great Depression. Flush with that prosperity, the Kilgore National Bank's directors commissioned this handsome Art Moderne building in 1937, designed by Henderson architect James L. Downing. Its sleek, streamlined lines were a confident statement of boomtown wealth in hard times.
Lou Della Crim Home
Kilgore, TX
Built in 1920 on the former site of the Hearne Hotel, this bungalow was home to Lou Della Crim, whose farm south at Laird Hill became the stage for history. On December 28, 1930, the Bateman-Crim Wildcat Well No. 1 blew in on her land — the discovery well for this part of the colossal East Texas oil field. As the boom convulsed Kilgore, this house even quartered the Texas Rangers, including the legendary Capt. M. T. "Lone Wolf" Gonzaullas, sent to keep order.
St. Luke's United Methodist Church
Kilgore, TX
The Kilgore Methodist Society formed in 1873 as families moved to the new railroad town, and its early life was bound up with the Rev. Isaac Alexander, who moved his female academy here and renamed it Alexander Institute — the forerunner of Lon Morris College. After a frame sanctuary was lost to arson during the wild Kilgore oil boom of 1931, the congregation raised the Tudor Gothic fieldstone church that stands today in 1932.