magnifier
Image
magbottom
 
Harmonist drilling operation at Tidioute, PA, circa 1870.
Close Window

Black and white exterior of buildings along the water

Credit: Courtesy of Old Economy Village

In the 1850s the Harmonists purchased 6,600 acres oppposite Tidioute in Warren County, PA. for timbering. When oil was discovered in 1860 the Harmonists set up the Economy Oil Company and entrusted its management to the former owner, with whom they shared the profits. In 1869 its Tidioute wells pumped more than 75,000 barrels and produced a huge proft of $200,000. The company, however, never, pumped on Sundays.

Back to Top