Business: Exhibit

At the International Petroleum Exposition in Tulsa, Okla., Franks Manufacturing Corp. put on display a new, aluminum-colored, portable rotary drilling rig which can be mounted on an automobile trailer. It attracted little attention. Just to have something to do, attendants started up the rig and began to drill. At 540 feet they struck oil. In some confusion they capped the hole. Tulsa County, which holds mineral rights underneath the exposition, indicated that it would be willing to receive offers.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!