Sign up to get full access to all our latest Oil & Gas IQ content, reports, webinars, and online events.

On This Day in Oil & Gas: January 24th - Discovery Of Gold

Add bookmark

January 24th 1848, Culloma, Alta California, Mexico – A 38-year old New Jerseyan carpenter is surveying the water course on the site of a proposed sawmill mere days before California becomes an American possession. As he steps down to inspect the depth of the channel more closely, James Wilson Marshall notices a constellation of shiny flecks glinting back at him in the afternoon sun. He bends down to collect a handful of pieces. After a few rudimentary tests, his mind is made up:

  • "I have found it" he said to his colleague, Mr Scott.
  • "What is it?" inquired Scott.
  • "Gold."

Marshall’s discovery of gold at Sutter’s Mill precipitated the California Gold Rush – a worldwide migration that would see 20 nationalities descend on Californian soil and the population of San Francisco swell from 1,000 to 25,000 in 24 months. By the end of the 1850s, estimates put the total amount of gold mined at some $600 million and California was well on the way to becoming the most populous state in the USA.

What has this got to do with oil and gas? Well, the shale boom in North Dakota has sparked a Black Gold Rush of its own, and the Flickertail State now leads the other 49 in terms of net migration with a population increase of four per cent since 2008 which is set to climb a further 50 per cent in the next two decades. Bah criminy! There’s gol’ in them thar wells!

PS – The Gold Rush of 1849 inspired the naming of the San Francisco 49ers. The Williston Frackers in a couple of years anyone?

_______________________________

LEARN MORE:

Have Your Say
Rate this feature and give us your feedback in the comments section below

Upcoming Events

Operational Excellence in Oil and Gas Summit

November 4-6, 2025

Norris Conference Center (CityCentre), Houston, TX

Operational Excellence in Oil and Gas Summit

LNG Bunkering North America

November 18 - 20, 2025

Virginia, United States

LNG Bunkering North America

LNG Bunkering Summit

November 25 - 28, 2025

Amara Sanctuary Sentosa | Singapore

LNG Bunkering Summit

Methane Mitigation America Summit

December 2-4, 2025

The Westin Galleria Houston, Texas

Methane Mitigation America Summit

Intelligent Asset Management in Energy

December 2-4, 2025

Norris Conference Center (CityCentre), Houston, TX

Intelligent Asset Management in Energy

Latest Webinars

On Demand Webinar - Unlocking Industrial Innovation: From Data to AI Empowerment

2025-06-10

10:00 AM - 10:45 AM CST

Join us to explore how Celona, Digi and Inductive Automation are helping industrial enterprises enab...

On-Demand: Guide to Ending Connectivity Woes with Private 5G

2025-04-29

08:00 AM - 08:45 AM CST

In this webinar, we break down the five fundamental tenets of private 5G deployment, ensuring maximu...

Webinar: Leveraging AI-Driven Visual Data Science for Enhanced Operational Excellence

2024-11-18

10:00 AM - 10:45 AM EST

Learn how AI-driven exploration, cross-layer data analysis, and visual data science are empowering t...

Recommended