Person
James Townsend
- Events
- 1
- Episodes
- 4
- Years
- 1859–1861
Every event in Historedia whose sources name James Townsend, with the role they cite and all of that event’s episodes. This is not a biography, and mentions are grouped by name, so two people with the same name can share this page.
Events and episodes
Edwin Drake drills the first US oil well at Titusville
1859–1861Role: President of Seneca Oil
- Oil Rush Impact
The success of the Drake Well sparked the first oil boom, causing rapid expansion in Titusville and market volatility.
- Financial Struggle
Drake faced financial difficulties, taking a $500 loan in 1859 after his colleagues gave up on finding oil.
- Drake Drills First Commercial Well
Edwin Drake drilled the first commercial oil well in the US at Titusville, Pennsylvania, on August 27, 1859, reaching 69.5 feet.
- Well Fire in 1859
The original structures at the Drake Well caught fire in October 1859 and were rebuilt by Drake a month later.
- Oil Rush Impact
Sources
- Pennsylvania oil rush Wikipedia, revision of 2026-04-21
- Edwin Drake Wikipedia, revision of 2026-08-27