The 1911 Electra discovery by Producers Oil Co. (Texaco) and Magnolia Petroleum was the first major North Texas oil field — predating the famous 1912 Burkburnett boom by a year and seeding the Magnolia / Texaco corporate foundation.
Get Your Free Mineral ValuationCounty: Wichita County, Texas
Year of discovery: 1911
Discovery operators: Producers Oil Co. (Texaco) / Magnolia Petroleum
Producing zone: Gunsight Sand (shallow Pennsylvanian)
Modern lineage: Magnolia → Mobil → ExxonMobil; Texaco → Chevron
Historical rank: #7 most-historic Texas oil discovery
The 1911 Electra discovery is the founding event of North Texas oil. While small earlier wells had been drilled in the area, the 1911 Electra discovery wells — drilled by Producers Oil Company (a Texaco affiliate) and Magnolia Petroleum — were the first to demonstrate commercial production at scale from the Gunsight Sand reservoir in western Wichita County.
The discovery preceded the more famous 1912 S.L. Fowler Burkburnett discovery by a year, but Electra often gets less attention in popular oil history because Burkburnett’s explosive 1918 Northwest Extension boom and the cinematic appeal of the Burkburnett tent-city story have anchored the public memory of the era. In purely chronological terms, however, Electra came first.
The Electra field became the operational and revenue foundation of two of the largest U.S. integrated oil companies:
Magnolia Petroleum — the Texas-based predecessor of Mobil Oil. Electra was Magnolia’s flagship producing field for years and provided the cash flow that funded its expansion across Texas in the 1910s-1920s. Magnolia later merged with Standard Oil of New York to form Mobil; Mobil merged with Exxon in 1999 to form ExxonMobil.
Producers Oil Company (Texaco) — a Texas Company subsidiary that took early Electra positions and built operating expertise on the Gunsight Sand. Texaco merged with Chevron in 2001.
Mineral interests on the original 1911-1915 Electra leases occasionally appear in modern ExxonMobil and Chevron land-department records that trace continuously back to the discovery wells.
The Electra field produces from the Gunsight Sand — a shallow Pennsylvanian sandstone reservoir characteristic of the western Wichita County / eastern Wilbarger County area:
Depth: shallow (1,500-2,500 ft TVD typical)
Reservoir quality: moderately porous sandstone; many early wells flowed naturally on completion
Trap mechanism: stratigraphic and structural pinchouts on the northern flank of the Bend Arch
Modern producing leases: many of the original 1911-1920 family-name leases (Bywaters, Stringer, Honaker, Reilly, Allen) still produce today — some operated by DARA Operating Company on the broader Electra-Burkburnett trend
For mineral owners with Electra-area interests:
Inheritance is typically 4-6 generations deep. Original 1911-1920 lease bonus money is now being received by great-great-grandchildren of the original Wichita County signers.
Lease longevity is unusual. Some Electra leases have produced continuously for over 110 years — an extraordinary track record that supports long valuation runways.
Operator profile is clean. Modern Electra-area production is concentrated under DARA Operating Company and other long-tenured private operators.
For modern Wichita County production details, see our Wichita County Mineral Rights Hub and Sell Mineral Rights in Electra, TX.
If your mineral interest traces back to the 1911 Electra discovery or its associated boom-era leases, Buckhead Energy can value the future cash flow stream and provide a free written offer with no obligation. Out-of-state owners are common; we handle the entire process remotely.
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