 Oil in the Panhandle Field was discovered in 1921 with Gulf Producing Company's No.2 Burnett well, producing 200 barrels per day.After founding the geology department at the University of Oklahoma in 1900, Charles N. Gould worked summers doing field work for Frederick Haynes Newell, first director of the United States Reclamation Service (later known as the United States Bureau of Reclamation), investigating "the underground water resources of a portion of the southern part of the Great Plains."