New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-03
TIVE
CALIFORNIA PETROLEUM co.

fROLEUM COMPANY, which coyer'an arcs OF ioV" acres
heated on the Rancho Of O Buenayeniura in Santa
Barbara County California which are at present OF least
twenty NATURAL OIL WELLS Of the largcs, size. THE
REPORT OF PROF sLLlMAN SHOWS THAT THIS rs
THE MOST VALUABLE OIL PROPERTY EVER PUT
ON THIS MARKET, If not IN THE WORLD
In the soramcr of 1854 Professor silman examined thi.
locality AMI in letter dated q; Buenayentu Santa Barbara
County July 1861 he thus communicates the results Of his
.t.rvstions upon the property owned by THE CALL
yoRNIA PETROLEUM COMPANY fee simpe) the pur-
sus Of which he strongly recommended to his friends
SewYors.
sTbs property 81 1890 eighteen thousaSd
wres body which present at beast twenty
.iarsl OIL Wells of them Of the largest size. Aesian
wells will be fruitful along double hne OF thirteen miles say
twenty five miles in linear extent. The rarche is
old Spanish grant oiour leagues Of land lately confirmed
and perfect title 1t ba, said, about eighteen thousand
the finest land wltered by four rivers, and
@easurine in RICH, line in al. thirteen miles As
rancho is splendid estate; BUT ITS VALUE IS ITS
ALMOST FABULOUS WEALTH IN THE BEST OF
OIL
The following extract from the report Of Prof Siimsn,
herewith appended fully confirms his Impressions aud
presents complete details of wonderful Of
Ais property According his advice and that of other
pept judges in California, arrangements made pur
shsse the estate by parties in NewYork in October 1854
But before eff citing this deemed expedent obtain
hOm Prof siman decided statement that the oil in his
opinion fully equal that Of Oil Creek Pennsylvania; and
bem able counsel Francisco professional opinion
toe validity the title. Instructions accordingly
n close the purchase, provided the oil pronounced by
Prof siman equal the best Pennsylvania OIL and title
r-rf.ct Prof Sillman teegraphed confirming hi. letter
ssov. quoted and the title being ponOnuced by
doubted, the property purchased and paid for.
To indicate the magnitude Of the Petroleum interests Of this
sstBy msy be stated that the product of its Oil wells ba.
amounted in value the last year than +2S c9cOO
while that the California mines for the year 1863 according
- the San Francisco Mercantile Gazette amounted to about
eAoocOO0
.rrtraet from sbeqaent report Of Pref B. SHiuou, Pro
Jor Of General and ApPiei Chemisiry ia Yale C'ge 70
~ California Petroleum Componyl
SAN FRANCISCO. Cal. Sept !. 1851.
THE PETROLEUM WELLS, OR NATURAL oUTCROPS
or ROCK-OIL ON THE OJAI Rancho.
No for fun description Of hi. and other flowing wells
the property, Prof siinsns pubi.hed report is
weI 80 feet in diameter full Of tarry OIL boiling with the
cape Of mashgas II is situated in the md', Of gentle
slope forming part of terrace plain elevated az least 900
Get shove the This plain. which is about and
Ssser mile long by threeonrths Of mile wide appears 10
have been formed by the long accumulation Of asphsum from
ns evaporation of the overflow Of this great oil spring The
depth OF this OF Ssphstum t. OF course OF
ssnc,ue explorations have been made upon III but it
probably safe to estimate its mile square
yard in depth which would give three million cnbc
yards Of fuel from which good coke is readily prepared
Which capable by disiiaton OF yielding large
tup 81 oil Over this there several minor points Of
Arry outflow bat consider the whole great oil
svus The present Of the spring foul with the
Aeceu position Of cattle mired and drowned in the
S~sTeeusn accident of frequent in dry
when the hamished and thirsty animals wander to browse
dink suphuous song the marquis Of these dan
ss0rs placer and when involved. they escape
ESTIMATE OF THE OIL IN ONE SQUARE MILE OF
AsPHALTUu ONE YARD THICK.
In The description Of the sea; spring, marked tie map
Sscs msp in Published report Of Prof silman) II Is stated
& The dpost Of asphatVm produced from the former over
rsr Of this spring probably yard thick one mile
s<nNe-eIprey stating however, that the thickness tnot
he srea) Of the deposit is conecturd.
To show those ACCUSTOMED contemplate the
gseduets resulting from the combination OF few simple
sssasurements when applied 10 such large units square
os that tue go contained
ssDs there in yard d Depth 900 cubic yards
We may calculate tha this deposit will yield $50 600 uns
Zach yield ~ gallons Of oil the product Of this large
%ssnty Of s.pbaum turned into OIL would be lH5OOO 900
gallons Of oil and amount Of coke which will correspond to
third the original weight Of the asphstum.
an effort Is made TO estimate the money value Of hi.
vroduc, calling the coke nothing will BE- found to reach
sgurs ALMOST FABULOUS.
ESTIMATE OF THE QUANTITY AND VALUE or OIL |
GIVEN OUT FROM CERTAIN NUMBER
OF ARIEslAN BORlNGS
TIE product OF seisn we'll bored In old District g.
- course always matter Of uncertsiny but it il well
rswn ,hs. In Pennyivsni, aud Ohio there many wells
hieh produce from hundred five hundred land
ors) barrels Of oil daily.
Let that sucees!h In obtaining ten wells
b. Company have theH property at least twenty natural
wing wells Of the largest sile flowing 100 barrels Of forty
Bons each daily then fnd 900 barrels Of forty gsors
pal 1000 gallons crude oil Crude OIL at 20 (pre.
tSewfork price,. ........................ $4,000
ty yed, monthly, 20 days............... $50 900
q for u months. 1000
h -ipsc;ed ~hcn property developed is fullest
Suffice 10 say that, having made the fr.t resesrch.s on
~ product Oh Greek long before any wells bored
t%te am o. opinion that the promise Of remarkable
'tveopmen, Buenlyen,na better than In the
f,an'Y vsri' md Ohio regions. since 70 famous"
sI.LlMkN, Professor Of
>'H Applied Chgmistr. IN Yale Collage \