Ector County's First Dry Hole. Drilled in 1924 near this site. Geologists were forecasting oil and urgently-needed potash, but Pennsylvania experts (using a chilled shop core drill) gave up the well at 900 feet, on "Red Bed" Rock--A substance new to them. Loss in this and a second drilling was $150.000. In 1927 a well was brought in just west of Odessa, and in a few years oil was found within yards of the first dry hole. By 1964 Ector County had 9,600 oil and 22 gas wells. However, the U.S. average is 8 dry holes out of 9 wells such as that drilled here in 1924. #1384