Spindletop is a salt dome oil field located in south Beaumont, Texas (approx. 30.02 -94.07) in the United States. On January 10, 1901, a well at Spindletop struck oil ("came in"), marking the birthdate of the modern petroleum industry. At of oil a day, the gusher tripled U.S. oil production overnight. Some of the companies chartered to exploit the wealth of Spindletop, such as Gulf Oil and Texaco, are part of today's Chevron Corporation. History There had long been suspicions that oil might be… (More on Spindletop)