Baltimore Petroleum Company records
- Baltimore Petroleum Company (1864-1881) (Corporate Entity)
Conditions Governing Access
This collection is open for use.
Conditions Governing Use
0.5 Cubic Feet (1 legal half-size document box, 1 flat box (20.5 x 14.5 x 1.5 inches))
The company purchased land and leases in Vernango County, Pennsylvania and invested in equipment for putting down wells. Progress reports were given at regular meetings for stockholders and directors which were held at the Baltimore office. By June 1865, the company had been interested in 23 wells, of which, only 4 had yielded oil. The company continued drilling efforts at Pit Hole Creek where operations had proved successful for other companies. In June 1866, the petroleum mining business remained unprofitable although The Baltimore Petroleum Company had managed to continue debt-free.
Records are unavailable after 1866 but it is likely that anticipated revenues from oil were never realized. September 8, 1881, the stockholders met and voted to surrender the company's charter and to distribute its assets. The Board of Directors met the following day and voted to carry out the resolution of the stockholders. The company disbanded in 1881.
Scope and Contents
Part of the Special Collections Repository
The Sheridan Libraries
3400 N Charles St
Baltimore MD 21218 USA