The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1910-04-21
FIGURES POINT
TO BANNER YEAR
High Mark to Be Set in Nearly
All the Sections for
1910

The production of petroleum in Cali
fornia has made amazing strides in the
last six months and surpasses the value
of the gold output of the state. From
5S,000,000 barrels in 1909 it has reached
monthly output which, without mate
rial increase, means 100000 barrels
for 1910. That it will surpass even this
figure is evident, for development is
being carried on extensively in every
proven field in the state.
Of this production, amounting to
$45,000.000 yearly al present prices the
five fields of the San Joaquin valley
Kern river, Midway, Maricopa, McKit-
trick and Coalinga, supply fully three
fourthS, and even that large proportion
promises to be increased, for the reason
that the Midway Marcopa field, 20 miles
long and miles in width, easily the
greatest oil field known to the world
without a dry hole from end to end, is
being rapidly developed.
The last 10 years have been str en-
uous ones in the oil industry. Markets
had to be created and transportation
lines built to reach them and the BUSH
ness of mining for petroleum has suf-
fered, in that time, many setbacks. So
great has become the demand for oil
for fuel and for refining, however, that
the bugaboo of overproduction, so long
the bogyman of the operator, has been
banished forever.
PIPE LINES Projected
To sell oil nowadays, at a fair price.
but one question, that of transportation
must be solved. So great have been
the strides along these lines that now
four pipe lines from the San Joaquin
fields reach the Pacific ocean, the
product going to all important cities of
"a CT cto
Peru, Panama canal, Hawaii, the
Philippines, China and Japan. A fifth
pipe line has been ordered by the
Southern Pacific to carry fuel oil across
the Iehachapi pass, sixth is being
promoted by big operators to supply
the great mining camps and cities of
Arizona and seventh will carry oil to
the refinery at Oilport, which has be-
come the property of the Refiners and
Producers oil company, S21,25O,0O0
corporation composed of Henry j.
Croker of San Francisco; J. l. Lam
precht, president of the National refin-
ing company of Cleveland, O.; Theodore
N. Barnsdale, who controls the natural
gas business of the United States, and
J. c. Yancy, to which has been trans
ferred an extensive acreag e of oil lands
in Midway, McKittrick and Santa
Maria.
While it has been said that there are
more use units" in California oil than
In any other oil produced, yet the
solidity of the market is mainly due to
its value as fuel
PLANS FOR STORAGE
One of the most important plans now
under consideration is that of the In
dependent Producers, an organization
of producers which has gained great
strength among the marketers of crude
Oil, which is organizing a company for
the creation of an immense storage of
surplus stocks. 1t is the intention to
build large tanks and reservoirs. both
in the field and near the coast, in
which to store the surplus product of
it's members during the times when
production is greater than consumption
The advantage of this surplus stock is
twofold. 1t will prevent flooding of
the market with cheap oil and at the
same time assure a permanent supply
of such quantity that any size contract
can be taken.
The oil industry of the state is in the
hands OF big men, experienced in the
business of producing and selling, and
promises to bring untold wealth and
prosperity to the Pacific coast in the
years to come