New-York tribune., 1901-06-10
PRESIDENT BUYS OIL LANDS.
SECURES AN INTEREST IN A TRACT IN THE
COALINGA DISTRICT. CALIFORNIA

bakersfield Cal. June 8 (SpeciaD.-President Nc
Kinley "a the latest investor In the California oil
lands John J. Egau has transferred TO him a
quit claim deed one-fourth interest in sixty
acres Of oil land in the CoaIinga region. on the
western side Of the San Joaquin Valley, in South
ern California, about two hundred and fifty miles
southeast OF San Francisco and about one hun
dred and nifty miles northeast OF Los Angeles.
1t was hoped when the President started on his
Western that he would have the opportunity
OF visiting Canfornia's oil fields, and efforts
were made by the Bakersfield OIL Exchange TO
have included in the itinerary a visit TO the wells
but other plans made and the President $
trip did not include trip to bakersfield and
Coalinga
This CoaIlngn district was opened up 10 oil op-
orators two years ago. Al that time the Oil
seepages examined carefully, and 1t was dis
covered BY the sinking OF one or two wells In
Fresno County in which CoaltuGa is situated. that
oil existed in much larger quantities than IN Los
Angeles County. where oil production had been
carried on at good profits since 1855.
In May 1899 two operators went out into the
foothills eleven and a half miles from Coalinga
and started to bore for oil With little work they
were able TO show such promising evidences OF oil
that they secured financial assistance and soon
struck their now famous Blue Goose. which from
the day of it's discovery has averaged from IN
to 900 barrels Of oil day The experiences OF the
old oil DAYS In Pennsylvania were then repeated
ND for which 50 an acre was paid jumped in
.lrl
PENNSYLVANIA the oil sand is rarely more than
forty feet deep. but in the Coainga district the
sand has been found to run four hundred feet
d4"p winch is believed to be guarantee that the
v-aIis VIII last for "A generation, II not longer. =.
The present demand In Caiiornla lGr @ Iuvi I ~ - -
rn,v something ike three million DdrrciS more 'ii"
is produced The railroads have adopted II .N'iu-
aiyeIy for fuel, which. it is said ny fresuett 'S
I., ~ the Santa Re Railroad, IS saving the SCUM
ern Pacific and the Santa Fe $tO,"" year IN COZ COZ
of fu.I 1t has also been adopted by the Sfheltihs
works throughout the Pacific Coast because oi
Tho even temperature which 1t Is possible 20 main
-, bx, its use. 1t makes superior NuInina ting
Gas. il saves electric street railways one-h halI the
cost of their coal bills. and is even now being used
ON the Hawaiian plantations and IN the oriehtal
Steamship service II is also said that the heceS-
sary uuxes and ores exist here which, with cheap
fmcI will serve TO give California importance III
the steel industry Of the United states
I, has not been decided Just when development on
the Presidents property Is to be begun IL is IN
derstond that negotiations are now being made Tor
the sinking of a test well on the land but devei-
onrneut n his purchase VIII be watched WIN SUI
nreme interest by the country At large, ana every
effort will be made by the contractors VINO are 10
drill the well To make President Mcf<inleys hrSt
well the biggest producer in the state.