WyoHistory.org

The Online Encyclopedia of Wyoming History

Business & Industry

Browse Articles about Business & Industry

1 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Pages

Business & Industry

Pages

Encyclopedia | Prospectors first struck oil in the Salt Creek Oil Field in northern Natrona County, Wyo. late in the 1880s. The first gusher came in in 1908. The subsequent boom lasted until the late 1920s, peaking in 1923, when the field produced more than 35 million barrels of oil. Tom Wall, who went to work in the field in 1917, stayed for decades and in the 1970s wrote out his memories of life in the oil patch through boom and bust. After 125 years and thanks to new technologies, the Salt Creek Field continues to produce today.
Encyclopedia | Natural gas has been flowing from the Jonah Field and Pinedale Anticline in western Wyoming since the early 1990s, bringing with it substantial profits, tax revenues, prosperity, social change, air pollution, and declines in local mule-deer populations. The story goes to the heart of Wyoming’s oil and gas culture, and raises important questions about energy production’s long-term costs and benefits.
Encyclopedia | The construction of the Union Pacific in 1868 gave rise to the towns, geography of settlement and the economy of new Wyoming Territory in 1869. Obstacles to construction were both physical and financial, and the railroad overcame them with sometimes slapdash results—hastily laid track and rickety bridges, watered stock and Congressional corruption. But the Union Pacific contributed enormously to Wyoming’s growth and development, made its modern economy possible and continues today as an economic power in the state.
Encyclopedia | As soon as Europeans came to the coasts of North America, they began trading for furs with the people who already lived here. On the first of June 1834, about 60 men and a caravan of horses and pack mules splashed across the Laramie River. They were headed for rendezvous in the mountains — the big summer fur-trading fair — and they were late.
Encyclopedia | The vivid, charismatic J. B. Okie raised sheep near Badwater Creek at the turn of the last century, and was so successful he was called “Sheep King.” A businessman with great vision, he soon owned half a dozen stores in small towns in central Wyoming, and eventually an equal number in Mexico. Lost Cabin, Wyo., named for the legendary Lost Cabin Mine, was his base. Okie built an opulent mansion there, a big bunkhouse for employees, bungalows for guests, an office building, a roller rink, a golf course and an aviary full of birds of paradise (left), cockatoos and macaws.
Encyclopedia | Rock Springs, Wyo. traces its origins to a coal mine established there in 1868 to serve the still-building Union Pacific Railroad. Ever since, the town has been enriched by the people who came from around the world to live and work there—in coal mines, on the railroad and, in recent decades, in trona mines to the west and the oil and natural-gas fields to the north. Rock Springs boasted 56 nationalities by the 1920s. Its political and economic fortunes have closely followed all these industries’ cycles of boom and bust.
Encyclopedia | Early Wyoming was seen as a hardscrabble place. But after 1900, dude ranches showed off Wyoming’s mountain scenery, fishing, hunting and hospitality, and thanks to the elite guests’ taste-making powers, Wyoming and the West became associated less with cold wind and distance and more with romantic glories.
Encyclopedia | Grass was free and profits enormous in the cattle business in Wyoming Territory — for a while. The business dates to the 1850s, but the boom came after the Union Pacific Railroad connected Wyoming ranges to eastern markets. For a time it seemed as if every investor got rich. Finally, a weakening market and the overstocked range could not withstand two years of drought followed by a terrible winter. The big boom busted, following an economic pattern repeated many times since in an economy still based heavily on natural resources.

Pages

Subscribe to RSS - Business & Industry