The discovery of oil in Stephens and Eastland counties, Texas, in 1917, was heralded as a great boon to the oil industry, in that it appeared to offer some prospect of postponing for several years the inevitable decrease in the total yearly production of petroleum in the United States. The possible productive area appeared to be great, the drilling depths not prohibitive, the grade of oil high, and the initial production of the first wells was such as to warrant the belief that a large amount of oil would ultimately be obtained from each well.
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