Los Angeles herald., 1910-04-03
PYRAMID APPROACHES
THIRD OIL STRATUM
Makes Record for Drilling First
Deep Well on Ventura
County Property
BUSHES MATERIAL TO NORTH
Recent Acquisition in Midway
Gives Company Double 0p-
yortunity in Exciting Game
BUSHES MATERIAL TO NORTH

! le Pyramid Oil company that re-
Gently entered the Midway field, is
nearing the oil sand in its first deep
we'll on the Ventura county property
near Santa Paula. and is shipping ma
terial to the northern field.
Six months ago tho Pyramid OH COM
pany was incorporated by G.. S. john
son, ]. B. Cottlc, Fred q. Cox and r.
X. Howk for the purpose of operating
California oil properties
The first property acquired by the
Pyramid company was seventy acres
Of proved oil ground upon the Silver
Thread anticline. seven miles northwest
of Santa Paula. i'm Ventura county.
This property adjoins on the east the
property Of the Capital Crude OIL com
pany. on the west of that of the Bard
and Otai companies, all of which are
large producers.
on the property now being operated
by the Pyramid company several shall
low wells. ranging from 400 feet to 700
feet In depth. were drilled fifteen to
eighteen years ago. These have been
Producing steadily all of this time, and
are still producing a considerable guam
tity Of oil. These wells were drilled
only into the first or top sand, and very
near to its outcrop.
INSTALIS DRILLING OUTFIT
Immediately after occurring this
property the Pyramid company in
stalled a complete drilling outfit and
commenced the drilling of deep well
farther north from the outcrop of the
sand. This we'll has now reached a
depth Of 1856 feet, and is practically
completed. The first old sand was en-
countered at a depth of 900 feet, and
continued to a. depth of 1850 feet, show
ing $50 feet of oil bearing formation.
The second sand was encountered at a
depth of about 1875 feet and continued
practically to the bottom of the well.
The casing is now being perforated,
and il is expected that within week
the well will be placed on the pump
and producing steadily. During drill
ing operations, from the time the first
oil was encountered, from 700 feet 10
1000 feet of water has been carried in
the well at all times. In spite of the
terrific pressure of this column of wa
ter the oil and gas showing has been
very remarkable, and the superintend-
ent, who Is an oil driller of very large
experience, estimates that when the
casing is perforated and the well put
on the pump the production will be not
less than 200 barrels a day, and prob
ably a great deal more.
The Pyramid company also holds a
twenty-year lease on forty acres of
ground in Ventura county, near Santa
Paula, adjoining the Empire we'll.
which has been producing steadily for
several years.
ALSO IN NORTH MIDWAY
The Pyramid company also holds a
twenty-year lease on the north half of
the northwest quarter of the southeast
quarter of section 26, 81 -22, in North
Midway, The Amber we'll, which is a
steady producer, is within $50 feet of
the northwest corner of this lease, and
the Santa Fe company has recently
brought in big well within q short
distance of the cast line. The Mays
and the Pioneer Midway companies
wells are about one and a quarter miles
from this property. The North Midway
lease is absolutely proved ground, and
will be developed as Tapidly as possi-
HE. a complete plant of machinery now
being an route for installation on the
ground at the earliest possible moment.
In sections is, 20 and 30, 1925, the
PYRAMID Oil company has recently
purchased 1900 acres of ground. This
tract is in close proximity to the big
Honolulu gusher and occupies the same
relative position to the Lake View
gusher as the Honolulu well does to the
Standard Oil company's gusher on sec
tjon 80, 1924. This entire tract is re-
garded by some of the best informed
and most conservative oil men in Cali
fornia as being absolutely proven oil
property of almost unlimited possi-
bilities.
RIGS ARE EN ROUTE
-Four car loads of lumber and one
carload of machinery have already
been shipped to this property and 1t
is expected that within twenty days
two complete drilling outfits will be in
operation on the tract.
The northwest quarter Of section 30