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Bradford Oil Field History
1837
- Lumbering settlement, population 61. Established at present site of City
of Bradford. Village named "Littletown" after Col. L. C. Little, founder.
1854
-
Name Littletown changed to Bradford, Post Office established.
1859
-
Oil discovered in America, Drake Well, Titusville, Pennsylvania.
(Not in Bradford Field).
1863
-
Land near Bradford selling for 6 cents per acre. First railroad
connection in Bradford.
1871
-
Bradford Field discovered - first successful Oil Well, 1,110 feet, drilled
in November. Production ten barrels per day (42 gallons per barrel).
1875
-
Oil Boom in Bradford!! New wells producing 75 to 200 barrels
per day. Land prices increased to $1,000 per acre.
1876
-
Boom still on!! Population of Bradford increased to 9,000.
More oil discovered east of Bradford.
1880
-
Pennsylvania Geologists suggest that water pressure on oil sand
may be used to increase production of oil.
1881
-
Peak year for Bradford Field-Produced 22,945,069 barrels out of
total in the United States of 27,661,000 barrels-83% of the country's
entire output and 77% of all the oil produced in the world for the year.
1885
-
Older wells in Bradford Field now being pumped. Production
falls to 10,564,298 barrels.
1890
-
Operators discovering that water finding its way into the oil sand
from abandoned wells increased production of adjacent oil wells.
1906
-
Low point in Bradford Oil Field production. Only 2,022,000 barrels
produced.
1910
-
Production slowly increasing. Illegal water flooding practice increasing.
1920
-
Bradford Crude averages $5.97 per barrel, highest price in history.
1921
-
Water flooding of Bradford Sand legalized by Pennsylvania State
Legislature.
1924
-
Bradford Field produced 15% of total "Pennsylvania" Crude,
85% being total of 269 other Pennsylvania grades of lesser value.
1928
-
"Five Spot" method of water flooding successfully developed.
Bradford Field produces 30% of total Pennsylvania production.
1937
-
Bradford Field output is 16,738,688 barrels or 57% of total Pennsylvania
production. Fourth highest production year in history of the Field.
1941
-
Production of Bradford Field for year is 13,997,750.
1942
-
Bradford Field produced 15,532,473 barrels of crude in an effort
to meet tremendous military demands.
1946
-
Bradford Field production I 1,756,513 barrels - decrease due
primarily to the inability to obtain pipe and other supplies.
1947
-
U.S. Government price subsidy of 75 cents per barrel removed.
Bradford Crude Oil commands price of $5.00 a barrel in free market.