During the summer of 1969, having just graduated from Northeast Louisiana State College with a degree in geology, I got a job as a mudlogger with Core Lab. I had already been on deep wells in
I lived in a little one-room apartment in Lone Star, a Texas steel mill town, and worked from 7 at night until 7 in the morning, 7 days a week, until the 13,500’ Smackover test reached total depth. During this time, I witnessed a shoot-out, a stabbing and numerous fights on the rig. It was my welcome to the
What I learned from this experience was that
Already 66 years old, Dad Joiner was a broken-down wildcatter when he moved from
Joiner was an oil promoter, a breed spawned by “oil fever,” a disease for which, even today, there is no known cure. Having seen the blow-outs in Cushing and heard of the 25,000 BOPD uncontained flows in
Some of the reports of Dad Joiner portray him as a principled visionary, a man with divine knowledge of the infinite riches located in the subsurface of
17 dry holes had already reached total depth in the area and most legitimate oil companies had long since abandoned
Oil rigs were primitive affairs in the late twenties. They shut down drilling at dark, sometimes after penetrating only a few feet during the day. At night, Dad Joiner would hold court at a saloon, drinking whiskey and playing poker with the locals. He also used this time to raise money for his ongoing venture.
After drilling two dry holes, Joiner’s money was beginning to “dry up.” In the manner of all good oil promoters, both before and after him, he devised a way to raise enough money to drill a third well, and help fund his high-rolling lifestyle. What he did is now called checkerboarding.
Simply put, he subdivided his block of leases like the squares on a checkerboard. He kept the red blocks and sold the black ones. When money got tight, he would subdivide the blocks even further. Through his continued promotion, he raised enough money to drill a third well by May, 1929.
In October, 1930, the Daisy Bradford Number 1 struck oil and became the discovery well for the largest oil field in the world. Dad, also in the manner of many oil promoters, had over-sold the well. What does this mean? It means that he sold the interests in the well two or three times. Lawsuits against him began soon after oil was discovered in the Woodbine Sandstone at the Daisy Bradford Number 1. Supposedly, he had sold the offset leases to oilman H.L. Hunt shortly before the Daisy Bradford discovery.
The roughnecks that played poker nightly in my logging trailer told a different story. Hunt was also an oil promoter and poker player – one that would be a card playing legend, even in today's high stakes
Don’t mourn Dad Joiner. Even though he died a pauper, he lived one of the most interesting lives of anyone I know. And despite his lack of altruism, he inadvertently discovered a legitimate super-giant oil field, one that may ultimately produce 8 billion barrels of oil.
History is the foundation of what we know today, and it’s important to understand what happened in the past. Sometimes, however, words on the printed page are but a shadow of reality. A month in a steamy,