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In 1892, Patillo Higgins saw potential for oil and gas in Beaumont, Texas. Higgins failed several times in his pursuit. However, in 1901 oil gushed from Spindletop 30 meters into the air and could be seen for 16 kilometers. Spindletop gushed 800,000 barrels of crude oil into the air ($2 Billion dollars in today's value) before being capped 9 days later.
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