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This Day in Georgia History

March 25, 1958

Award for Oil Well in Georgia

Gov. Marvin Griffin signed an act authorizing a $250,000 award for the first commercial oil well drilled in Georgia that produces at least 100 barrels of oil per day. The award would be distributed as follows: $50,000 to the owner of the property or mineral rights where the well was drilled; $100,000 to the company or individual responsible that financed the drilling of the well; $87,500 to the contractor who furnished the equipment; and $12,500 to be divided among the work crew that actually drilled the well. [To date, this award has never been claimed.]