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Roberts Petroleum Torpedo Company Stock, 1865 (118581)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:200.00 USD Estimated At:400.00 - 600.00 USD
Roberts Petroleum Torpedo Company Stock, 1865  (118581)
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Cert. #43, issued to E.A.L. Roberts for 100 shares in 1865. Great vignette of what we believe to be the earliest instance of fracking. Colonal Roberts had invented an explosive torpedo to restore the well flow of oil from finished wells, or to increase the production of existing wells. The Roberts had six torpedos ready for testing and formed the company. The torpedo consisted of a long metal cylinder filled with gunpowder and attached to a steel cable carefully lowered into the well. The tests were so successful, that the Roberts brothers fought many patent infringement battles over the next 25 years! The certificate is stunning and quite historic. Some slight browning at the left edge. Pen canceled.

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State: New York
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