 But 20 years later, oil was found, 1951. It would have been real different for the whole area if oil would have been established 20 years earlier, beginning of the Depression. That first producing well was south of Tioga, known as the Clarence Iverson No. 1 well, named for the wheat farm on which it was located. Bruce says there is a big difference between that first well in the 50s and those of today.