The small town of Kilgore had only 250 people, mostly cotton farmers and associated businesses. The town startded a big decline because of the Great Depression of 1930 but shortly there after Oil was discovered near by in the town of Henderson. By 1936 the town had grown to 12,000 people and money was flowing freely. The drilling tappered off by 1940, but the town reaped the benifits of oil production for many years to come.
The town had 1,100 producing wells within it's City Limits and the Free Standing Deriks in the background still represent part the towns glory days.