The Powell Oil Field was an oil field developed in eastern Navarro County, Texas in 1900. Encouraged by nearby discoveries in Mexia and Wortham, the Corsicana Deep Well Company announced plans to drill for oil in the Powell area in the June 9, 1897 issue of the Corsicana Daily Sun. However the drilling effort yielded a dry hole and was abandoned six months later. A second attempt also failed. Finally, on January 7, 1900, now more than three years from the announcement, oil was found. By 1924, the field contained 611 producing wells. Production peaked in November 1923 at 356,000 BOPD.
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