Los Angeles herald., 1909-10-30
HOLLYWOOD WILL
DRILL WELL IN
COALlNGA FIELD
GETS FORTY ACRES IN HEART
OF WEST SIDE
BANK CASHIER BUYS STOCK IN
UNITY COMPANY
Walker Oil Company to Absorb Two
Step Company and Operate in
Sections 1929, DEVILS
Den

COALINGA, Oct. 29.-The Unity Oil
company. a corporation of Hollywood
and Coalinga men, has started its first
well in Coalinga, under direction OF
e. r. Walker. The company owns
the southwest quarter of the north
east quarter of section 12-20-14, pur-
chased from the Shawmut, favorable
location on the west side in the proved
belt of the Coalinga field. w. c. Fry
is president of the company, H. X.
Crozier vice president and E. r.
Walker secretary. These, with San
ford Rich and DR.. c. E. Galloway form
the board of directors. H. c. Kerr
cashier Of the Bank of Coalinga, has
subscribed for $4,000 of the treasury
stock, which is being put out at 10
cents. In a letter to the secretary of
the company he says: MY personal
opinion is that this piece of property
should prove to be good oil producing
country"
To Absorb Two Step
At a meeting of the directors of the
Two Step Oil company steps were
taken which will undoubtedly result
in the absorption of that company by
the Walker Oil company. j. A. Han
nah, the Visalia attorney was present
and advanced the proposition Of the
Walker oil company which was favor
ably received by the directors. A
meeting of the stockholders has been
called for November 10 and in the
meantime the organization of the
Walker Oil company will be effected.
The plan proposed by Mr.. Hannah
is for the Walker Oil company to take
over the land of the Two Step Oil
company. consisting of nice pieces of
sections II and 20 in 25-19, in the
Devils Den. In consideration, stock
in the water Oil company will be paid
at the ratio of to 1. The Walker
has standard rig on the way to the
Devils Den and if the deal is success
fully consummated the development
of the Two Step property will be begun
at once.
The Two Step is a close corporation,
capitalized for $72, 900, all the stock of
which has been issued. The Walker
Oil company will be incorporated for
100000.
Numerous petitions are being circu-
lated asking the Southern Pacific rail-
road to oil the stretch of roadway be
tween Armona and Coalinga. Copies
of the petitions have been received
in Coalinga and are being circulated.
N. L. Palmer has charge of one and
he had no trouble at all in filing up
the several pages reserved for sigma
lures. The organizations fostering the
movement desire to secure as many
signatures as possible, and the people
of Coalinga will make a fine showing
on the lists. Similar petitions are now
being circulated in Fresno, Hanford
and other cities.
Oil Notes
The Azores is down a little more
II 1I, -.
and is now putting in the heavy SA %
inch.
The water we'll on the Robertson has
been spudded in, but not much prog
ress has been made.
The Coalinga National has 800 feet
of the 15-inch casing in and continues
to make excellent progress.
The rig irons have been taken out
to the site of the Coalinga Crystals s
No. rig.
Nos. l, and of the American
Petroleum on section 80 have been
spudded in.
The lumber is on the ground and
the cellar has been dug for No. 2 of
the Silver Tip.
No. 5 of the P. NJ. D. and O. has
been landed in a sticky blue clay and
the cementing off process did not have
to be resorted to. No of this COM
pany continues to give a fine pro-
duction
The Coalinga Consolidated is down
$50 feet with 16-inch stove pipe The
lighter Inch screw pipe was first
put in, but it could not stand the ham,
mering put to it. Fine progress os
being made with the big stove pipe.
No of the New York Coalinga was
started pumping Monday and it gives
promise Of being a good heavy pro-
ducer. Work will start on the rig
for No. next week.