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FAQ

Development of the Freehold Lease

 

The Pennsylvania farm which had been virtually worthless prior to the discovery of rock oil in 1859, and which sold for $2 million dollars in 1865 (see “Nature of Petroleum & Natural Gas ”), was auctioned for $4.37 in 1878, after the flow of oil had mysteriously stopped1. The energy company that literally and figuratively […]
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