Details for Permian Basin (Atlas Number 5135003988)

Historical Marker — Atlas Number 5135003988

Data

Marker Number 3988
Atlas Number 5135003988
Marker Title Permian Basin
Index Entry Permian Basin
Address
City Odessa
County Ector
UTM Zone 13
UTM Easting 747024
UTM Northing 3530516
Subject Codes geology; oil/petroleum topics
Marker Year 1964
Designations
Marker Location Ector Coliseum Grounds, 42nd St., Odessa
Marker Size 27" x 42"
Marker Text One of the two richest oil fields in the world. Discovery began in 1920 at a Mitchell County Well. Next came the 1923 big lake strike, then the wild 1925 boom in Upton County, followed by production in Andrews, Crane, Ector, Martin, Midland, Pecos, Ward, Winkler and 24 other counties. In some years new wells averaged 38 a week. Fortunes were Mae, lost, then regained--all within months. So great were yields that oil brought 50 cents a barrel, while drillers paid $5.00 a barrel for drinking water. Area is 88,610 square miles, with center here at Odessa. Extends across a deeply buried prehistoric sea that more than 250 million years ago contained much fish and reptile life, including dinosaurs. Shores and islands later grew giant vegetation, until earth changes buried animals and plants in pockets that turned hydrocarbons into petroleum. In 40 years from its discovery, the Permian Basin, was producing 53% of total oil in Texas 20% of U.S. crude oil. It is one of the world's largest producers of channel carbon black. Other by-products sulphur, asphalt, synthetic rubber ingredients and petrochemicals.