AR HR1015

Recognizes the significance of the oil boom in South Arkansas and commemorates the 100th anniversary of oil discovery, which occurred on January 10, 1921, when physician-turned-geologist Samuel T. Busey struck oil at 2,233 feet near El Dorado.

Documents how El Dorado transformed from a town of approximately 4,000 people to a boomtown of 15,000 people following the oil strike, with more than 10,000 additional people arriving and hotels, residences, and businesses rapidly accommodating the influx.

Notes that within six months of the strike, more than 200 producing oil wells were operating in Union County, and by 1925, 77 million barrels of oil were produced, valued at approximately $4.6 billion in current dollars.

Highlights successful entrepreneurs including Thomas Harry Barton, who founded Lion Oil Company, and Charles H. Murphy Sr., who built Murphy Oil Company into a major domestic and international oil and natural gas exploration enterprise.

Directs the Chief Clerk of the House of Representatives to provide an appropriate copy of the resolution to the El Dorado Chamber of Commerce upon adoption.