The herald., 1894-09-22
THE OIL STILL FLOWS.
THE SUSSKIND WELL YIELDS 10
BARRELS PER DAY.
A Big Well in Ventura County which
Haa Earned S3e5,OOO in
Four Keera-A Lucky
Woman.

Inc oil territory out ABOUT SECOND and
First streets is still on the boom. Inter.
est in the late oil strike is unabated.
Yesterday the Susskind we'll, which
made such start when first struck,
gave forth nothing but water up until
noon, and those who were inclined to
be skeptioal thought the we'll would soon
play out. When it was learned late in
the afternoon that the water had been
pumped out, and that good black oil
WAS going into the tanks through two
inch pipe at the rate OF ITO barrels q
day, it was conceded that the well was
there to stay.
Old oil men stated that the pressure
OF gas. and then followed by water, was
a good sign. At any rate there ie every
indication that the we'll is a good enc
and will make heap OF money for its
owners. So we'll satisfied are they at
the results that yesterday contract was
let to Thomas & Davis for sinking an
other we'll to dspth OF 1100 feet very
close to the one now pouring out the oil.
The contractors will receive $l.50 per
loot. complete, for the work, the derrick
b bsing left for the owner. Mr. Susskind
also stated yesterday that he would
have another we'll down on the Second
street side almost Immediately.
The price OF property about the new
wells has advanced at remarkable rate.
Before oil was struck lots could be pur-
chased at from $3.50 to $500. Now they
are held at $1,000.
All the wells in the district, or par
ticularly those first sunk on. TI9lvea
while not ae great in quantity as from
Susskind, is still enough to give great
big atimulus to tho business.
BIG VENTURA WELL.
There is a we'll in Ventura county,
the property of the Union Oil company,
which has produced over 325, 900 bar
rels of oil since it was put down. 1t is
located in Adams cafion and was drilled
about four years sgo. Tho record for
the irst three years of this we'll WAS
500 900 barrels. This 10 one OF the larg-
est wells ever aunk, IL is said, on the
coast. 1t has paid very handsomely Tor
the outlay, particularly as the oil has
netted fully $l.25 per barrel from start
to finish.
LUCKY WOMAN.
A woman, who now lives on Hill street,
some months ago bought lot out in the
territory which has since come into
prominence for its oil wells. She paid
$500 for it. expected that in time she
would build upon it. When the oil was
struck recently proposition to lease it
was made to her and accepted. by which
a we'll would be sunk and one out OF
| every eight barrels Of oil 1t produced
would go to her credit. A few days ago
oil was reached and day before yester-
day the returns showed the owner OF the
lot had earned sl5 for her interest DUR
| ing the one day. 1t is but natural there
! fore to see the land rise in value.
BOYLE HEIGHTS DISTRICT.
A visit yesterday to the we'll which il
being put down by Mr.. Chandler. near
the corner OF Soto street and Magnolia
avenue, Boyle Heights, found Mr.. Chad
ler and his assistant busily at work, 60
ing down into the bowels of the earth.
A depth OF 325 feet bas been reached,
and while no gusher has been struck, q
quantity OF good, clear oil is taken out
each day.
In conversation, Mr.. Chandler. who
4 has been sinking oil wsls since 1863,
and knows whereof he speaks, if anyone
does, says the indications are better at
the we'll he ia sinking. depth considered,
than any we'll which has yet been pu,
down in Los Angeles, and he anticipates
q large flow by the time he reaches 50(
feet, although he will not stop ever
then.
That portion Of the city where Mr.
Chandler is boring is being eagerly
watched by the oil man, and already
come three or four other wells are pro
iscted By property owners in that vicin
ity, and should the present we'll prov
TO be a success, OF which there is littl
i. doubt, in short time the wells will b.
as numerous as they are in the Secon'
; atreet aectjOn