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Oil City is a city in Venango County , Pennsylvania noted especially in the instrumental exploration and development of the petroleum industry . After the first oil wells were drilled nearby in the 1850s, Oil City became central in the petroleum industry while hosting headquarters for the Pennzoil , Quaker State and Wolf's Head motor oil companies. Between the years 1990-2000 the major oil companies left the region for Texas , rendering Oil City another casualty in the Rust Belt of western Pennsylvania . A local doctor and his wife have an organization in this town called the Dr. and Mrs. Arthur William Phillips Charitable Trust Foundation which provides cultural programming on WQLN like the Lawrence Welk Show .