Thank you very much, opp
we always appreciate cheap shares in an open market. And thank you too, UBSS! Good luck buying them back at .005, if you ever can. That might be very smart, if you can do it.
This is the move before THE MOVE, in my opinion. I have no idea how long the higher negative volume will last, but when it ends, it might be fortunate to be long BIGN and not "pickin' cotton", IMHO.
Now let me tell you a story:
A former Tennessee legislator turned Oklahoma wildcatter, Columbus Marion "Dad" Joiner, a man in his 60s, was broke and depressed when he went to sleep along a seawall in Galveston one night in 1926 and had a vision that he would find the biggest oil field in the world in East Texas. When he awoke, he sketched the topography of the place he saw in his dream. He later walked and hitchhiked his way to Rusk County and believed he had found that visionary place on Daisy Bradford's land.
"She leased him the land and he drilled three wells and the third one finally came in (Opp, patience pays some times) -- and it was the biggest oil field in the world," said Joe White, director of the East Texas Oil Museum. "As a historian, I realize that sounds like a tall Texas tale, but the proof's in the pudding, and it came true."
Joiner's fantasy became reality on Oct. 3, 1930. According to an article White wrote for the East Texas Historical Journal in 1968, word had spread that Joiner was going to bring the well in, and people from miles around converged on the Bradford farm to witness the occasion.
"On Friday night, Oct. 3, the No. 3 Daisy Bradford came in sending a stream of oil over the crown block, while several thousand spectators looked on," White wrote.
A witness described how "all of a sudden we heard a low rumble from beneath us." Officials at the scene told spectators to get off the platform and put out their cigarettes.
"We had hardly gotten off the platform when oil began to gush out of the hole," Mrs Jimmy Harris of Henderson said in White's article. "Suddenly oil blew over the top."
Almost 75 years after the historic discovery, the Texas Alliance of Energy Producers plans to honour Joiner and Ms Bradford as a part of the East Texas Oil Legends Luncheon. State Sen. Kevin Eltife, R-Tyler, is set to be the master of ceremonies at the luncheon, which is a prelude to a host of activities slated across East Texas for the 75th anniversary of the discovery.
"Why would he (Joiner) be a legend?" White asked rhetorically. "Well, he did something no one else ever did, and that was find the biggest oil field in the world in East Texas. That discovery went against every belief that the major oil companies had. The major oil companies just did not believe there was oil in commercial quantities here in East Texas. There had been 17 dry holes drilled going back to 1911. So in the face of all of that, Joiner persisted, and there were those like Daisy Bradford and others who believed and stayed with him and watched him succeed."
Joiner helped "dramatically change" the life and lifestyles of East Texas, which, before the discovery, was mainly a rural agricultural area, White said.
"With the oil boom, communities like Kilgore grew into small cities and incorporated and formed city governments; people were asked to pay taxes to build new schools," he said. "That meant opportunities for young people to get out of college and come back to their homes to teach. It gave birth to a community called Joinerville -- Tyler became the business centre for the East Texas oil field."
He said major oil companies set up their offices and headquarters in Tyler, which meant opportunities for engineers, geologists, accountants, attorneys and land men, and meant there would be jobs for women to type and take shorthand.
"Otherwise they might well still have been on a farm helping dad milk the cows and mom churn butter," White said. "It literally changed East Texas."
At that time, farmers in East Texas "had been hurtin' for a long time, and it wasn't going to get any better," White said. "That's the reason so many people supported Joiner when he came in with this dream that he would find the biggest oil field in the world," he said.
"That's the reason Daisy Bradford gave him the lease. That's the reason Leota Tucker moved her family out to the well when school let out and lived in a tent... They believed in the dream. This wasn't just something -- 'good if it does, and no big deal ifit doesn't' -- this was the future.”
"It just dramatically impacted the whole region."
Winter Elder, a lifelong resident of Kilgore who is now 89 years old, recalls the boom days that followed in the years after Joiner's and others' discoveries in the East Texas Oil Field.
"It was a wild time," Ms Elder said. "Our lifestyle changed more than anything else. We were short of money -- it was during the Depression... (After the boom) money was coming in, and we were tickled to death to get it." As she thinks back on that time, her memories are of the influx of people who came to East Texas.
"We were just smothered with people," she said. "We didn't have anywhere to put them."
Helen "Pudge" Griffin, who was a child at the time of the oil boom and living in Longview, said that she remembers how people came "in droves" to Longview, Kilgore, Henderson and other cities and communities in the area.
"It was just covered with people, and there wasn't any place for them to live, so a lot of them lived in tents... and slept under newspapers right at first," she said. "The Depression was on, and they didn't have any work, so they all came to East Texas to find work... We weren't the little sleepy towns we'd been."
Ms Griffin, who now lives in Kilgore, said she tries to think about what her life would have been like if she had not lived in the oil field.
"It would have been quite different," she said. "We wouldn't have had the good things that have come from it. I think first of Kilgore College, about how it has helped so many people who would not have had an opportunity for education. I had cousins that lived in other parts of Texas and they didn't have all these opportunities that we've had."
An oral history exhibit at the oil museum includes recordings of people's memories from the oil boom.
Errett Hale, who lived near the Bradford farm, gave his account of what happened soon after the Bradford well came in as part of the exhibit.
"The day after that well came in, my dad and I were picking cotton... Hale said. "We were able to drive possibly a half a mile from it. There were so many people and cars down there that we had to walk the rest of the way. We didn't see any oil flowing from the well, but there was oil on the wooden derrick and all on the ground out there and people were all excited... (When it) came in everybody was happy. We didn't think we'd have to raise any more cotton and pick any more cotton."
In addition to the effect the discovery had on the region, it seems the oil field had an impact on the entire country. According to information from the museum, the 42-mile-long East Texas Oil Field produced more oil during World War II than the Axis Powers combined.
The six largest known fields in the world at that time would have fit within the perimeter of the East Texas Oil Field. It was the largest oil field in the world at the time of its discovery -- just like Joiner dreamed.
Source: Tyler Morning Telegraph
News 
Market Data 
Discover 
