Wyoming Oil & Energy Stock Certificates
Scope and Contents
The Wyoming Oil & Energy Stock Certificates contains stock certificates from the early 20th century. Seven of the ten certificates were signed to Mrs. Samantha Johnson. The certificates range in size from 10 to 1,000 shares and in price from 10 cents per share to $1.00 per share.
- Creation: 1917 - 1934
- Traders Petroleum Company (Organization)
- Wyoming & Montana Oil Company (Organization)
- Northern-Wyoming Oil Company (Organization)
- Alaska-Wyoming Oil Company (Organization)
- Young Oil Company (Organization)
- Wy O Tex Oil Company (Organization)
- Cheno Oil Company (Organization)
- Custer Hiway Oil Company (Organization)
- Teepee Oil Company (Organization)
- The Wyoming Asbestos Mining Co. (Organization)
Conditions Governing Access
The Wyoming Oil & Energy Stock Certificates has no restrictions and is available for research. If you are interested in researching the materials, please contact the Dickinson Research Center to make an appointment.
Conditions Governing Use
The Wyoming Oil & Energy Stock Certificates is the property of the National Cowboy & Western Heritage Museum. Materials, even if owned by the NCWHM, may be protected under third party copyright. It is the patron’s responsibility to research and secure any such additional copyright and pay any required fees or royalties. It is not the intention of the NCWHM to impede upon any third party rights, and the NCWHM cannot be held responsible if the patron is involved in legal action due to violation of third party copyright claims.
Biographical / Historical
The oil and gas industry in the United States was born in 1859 with the discovery of oil deposits in Pennsylvania. Several companies grew out of this first boom, but soon all of those small companies were bought up to form larger corporations. In 1911, the US Supreme Court declared that one such corporation, the Standard Trust, was monopolizing the industry and restraining trade and growth. Standard Trust was forced to dissolve into thirty-four smaller companies.
Oil production in the U.S. continued to climb. By 1920, oil production reached 450 million barrels, which lead to a fear that the nation was going to run out of fuel. Scientists and government officials predicted that the U.S. would drill up all of its oil by 1939. The fear that American oil reserves were nearly exhausted ended abruptly in 1924, with the discovery of enormous new oil fields in Texas, Oklahoma, and California. These discoveries, along with production from new fields in Mexico, the Soviet Union, and Venezuela, combined to drastically depress oil prices. By 1931, with crude oil selling for 10 cents a barrel, domestic oil producers demanded restrictions on production in order to raise prices. New Deal legislation and then World War II saw to a resurgence of the industry.
0.08 Linear Feet (1 folder (SC 12-25))
Language of Materials
This small collection contains ten (10) assorted stock certificates from the early 1900s.
The Wyoming Oil & Energy Stock Certificates was purchased by the National Cowboy & Western Heritage Museum in 2022 from Brannian Auction, LLC.
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