Oil was found at wells close to Pithole in January 1865. A large number of people moved to the area. Many of these people were land speculators. The town was built in May. By December, the area became an official town with about 20,000 people living in it.[4] Pithole had at least 54 hotels, 3 churches, the third biggest post office in Pennsylvania, a newspaper, a theater, a railroad, the world's first pipeline, and a red-light district "the likes of Dodge City's".[5] By 1866, less oil was being made in Pithole. Oil was found in other towns near Pithole. This made many people from Pithole leave to live in those places. By 1877, the town no longer existed.[6][1]
The site was cleared of plants and was given to the Pennsylvania Historical and Museum Commission in 1961. A visitors center with information about the history of Pithole, was built in the 1970s. Pithole was listed on the National Register of Historic Places in 1973.
Hottenstein, JoAnne; Welch, Sibyl (1965). "Venango County". Incorporation dates of Pennsylvania municipalities(PDF). Harrisburg: Bureau of Municipal Affairs, Pennsylvania Department of Internal Affairs. Retrieved June 1, 2010.
Pees, Samuel T (Spring 1998). "Oil Creek's Riparian Wells"(PDF). Pennsylvania Geology. 29 (1). Pennsylvania Department of Natural Resources: 14–18. Retrieved February 21, 2010.
Pennsylvania Register of Historic Sites and Landmarks (February 24, 1972). "Pithole City"(PDF). National Register of Historic Places Inventory–Nomination Form. Harrisburg: Pennsylvania Historical and Museum Commission. Archived from the original(PDF) on July 18, 2011. Retrieved February 15, 2010.