In 1898, Daniel Plainview is a silver prospector mining a potentially precious ore vein from a pit mine hole in New Mexico. In the process of dynamiting the lode, he falls and breaks his leg. He saves a silver sample, climbs out of the mine and drags himself to an assay office, where he receives a silver and gold certificate claim.
In 1902, he discovers oil near Los Angeles and establishes a drilling company. Following the death of a worker in an accident, Daniel adopts the man’s orphaned son. The boy, H. W., becomes his nominal business partner, allowing Daniel to present himself to potential investors as a family man.
In 1911, Daniel is approached by Paul Sunday, a young man who tells him of an oil deposit under his family’s property in Little Boston, California. Daniel attempts to purchase the farm from the Sundays at a bargain price, but he is blocked by Eli, Paul’s twin brother and a local preacher. In exchange for the rights to the property, Eli demands $10,000 “for my church.” An agreement is made and Daniel acquires all the available land in and around the Sunday property, save for one holdout: William Bandy.
Oil drilling commences, but soon a series of misfortunes occur: an accident kills one worker and a gas blowout deafens H. W. Eli blames the disasters on the well not being properly blessed. When Eli publicly demands the money still owed to him, Daniel beats and humiliates him. At the dinner table that night, Eli attacks and berates his father for trusting Daniel.
A man arrives at Daniel’s doorstep claiming to be his half-brother, Henry. Daniel hires Henry and the two grow close. A jealous H. W. sets fire to their house, intending to kill Henry. A furious Daniel sends H. W. away to a school for the deaf in San Francisco. A representative from Standard Oil offers to buy out Daniel’s local interests, but after a perceived slight, Daniel refuses and strikes a deal with Union Oil to build a pipeline to the California coast. However, Bandy’s ranch remains an impediment.
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