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Olney
Young County, Texas
ZipCodes
76374
History & History-related items
Olney was named for Richard Olney, US President, Grover Cleveland's Secretary of State. Incorporated in 1909, the town was actually moved one mile north in 1910 because of the Gulf, Texas and Western Rail Service. After 1942, the rails were not used anymore in this area.
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Economy & Industry
With the discovery of oil in 1923, and production of oil from the Swastika Pool in 1924,Olney became known for its oil resources with three refineries. Today, Olney is a center for agricultural, ranching and petroleum products.
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