On November 14, 1925, Frank Yount struck oil at the Spindletop field in Beaumont, Texas. The field, which had basically played out since its original discovery on January 10, 1901, produced from new strata over of oil an acre per year, pumping in excess of within 5 years. Now financially secure, Miles Frank and wife, Pansy, established in Beaumont a stable of American Saddlebred horses, quickly becoming recognized as a leader in the industry.A History of Spindletop Hall Retrieved 2013-01-06
