The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945 Page: 82
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Southwestern Historical Quarterly
and their contemporaries and successors, by the employment
of the arts of peace, science and industry, have penetrated the
realms of the Permian, the Ordovician, and other geologic
regions with an incomparably greater yield in riches, and ac-
tually found the veritable Seven Cities of Cibola in Big Lake,
in the Pecos, in Hobbs, in Yates, in Winkler, in McCamey,
in Texon, and in numerous subterranean provinces of un-
The early Conquistador Juan de Ofiate engaged in the search
for the mythical Straits of AniAn, which were believed to
connect the Atlantic and Pacific Oceans and an intermediate
"North Sea," the harbors of which were to be carefully mapped,
but not used until appropriate regulations could be prescribed
therefor, with the usual eventuality of pursuing false rumor;
but Pickrell and his pioneering associates reduced to possession
the fruits of a successful exploration of the actual "North
Sea" - the Permian Basin.
The galleons of old, laden with gold and silver, brought their
wealth to Spanish royalty; but the dues paid to the viceroy
and the council of the Indies, and the total exactions of
Spanish royalty and all of the prizes of the gold hunters' era
are dwarfed into insignificance compared to the royalties ac-
cruing to the sovereign citizens of our State and their great
educational institution, and were a mere triviality compared
with the one billion, seven hundred million dollars paid during
the past twenty-one years in lease rentals and royalties to
the farmers and ranchers and landowners of our State, and
the sum of one billion, three hundred and fifty million dollars
paid during the same period in various forms of taxes to our
State and local governments.
During this period of time the oil industry of Texas has paid
in taxes, for the support of the public schools of this State, a
grand total of over two hundred and forty-three million dollars.
In the past twenty-one years oil has accomplished prodigious
(1) Average daily production in May, 1923, of approximately three
hundred thousand barrels per day is now approximately two mil-
lion barrels per day.
(2) A similar increase in refining capacity has merged into its mani-
fold activities hundreds of millions of dollars invested in aviation
gasoline and synthetic rubber plants.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945, periodical, 1945; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth146055/m1/86/: accessed June 27, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.