A wildcatter is an American term for a person who drills wildcat wells, which are exploration oil wells drilled in areas not known to be oil fields. A wildcatter notable for his success was Texan oil tycoon Glenn McCarthy.
- "The discovery of the fluid in New York State was the signal for a general exodus of wildcatters from all parts of the oil country ..."
The origin in the petroleum industry comes from Wildcat Hollow in Oil Creek State Park located near Titusville, PA. Wildcat Hollow was one of the many productive fields in the early oil era.
According to tradition, a speculator who risked his luck by drilling in this narrow valley shot a wildcat, had it stuffed and set it atop his derrick. The mounted cat gave its name to the hollow. Because the area was largely untested and somewhat away from Oil Creek Flats, the term Wildcatter was coined, describing a person who risked drilling in an unproven area.
wildcat was American slang for any risky business venture by 1838, long before the petroleum industry.
- "From Parker City," Titusville (Penn.) Herald, 1 March 1880, p.3.
- Christine Ammer.It's Raining Cats and Dogs ... and Other Beastly Expressions (New York: Bantam Doubleday Dell, 1989) 152.
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