Western Institute of Technology at Taranaki has its main campus in Welbourn. Companies began searching for oil on the New Plymouth coast in 1865 after small and thick oil deposits were discovered on the coast. Production ceased around 1972. There are schools in Fitzroy, Frankleigh Park, Hurdon, Lynmouth, Mangorei, Marfell, Merrilands, Moturoa, Spotswood, Strandon, Vogeltown, Welbourn, Westown and Brooklands. This includes New Plymouth City (58,500), Waitara (7,310), Inglewood (3,830), Ōakura (1,720), Ōkato (561) and Urenui (429). ft) artwork known as the Wind Wand, Paritutu Rocks, and views of Mount Taranaki. The company operates a plant in Paritutu that produces the herbicide 2,4,5-T. The first commercial oil was obtained in January 1866. The offshore Maui A well began producing natural gas in the late 1970s, creating a thriving petrochemical and energy industry. It is also the financial center of the region with the headquarters of TSB Bank (formerly Taranaki Savings Bank), New Zealand's largest remaining non-governmental bank.