Los Angeles herald., 1910-05-02

Mt ALTERS are fast adjusting them
V selves for steady and more
ALA profitable production in oil in
California than heretofore, and the
small producer is preparing to reap
the benefits along with the big pro-
ducer. A large proportion of the COM
naniea that have entered the oil husi-
ness this year or the latter part of last
year have gone systematically after
the crude product, with the result that
many of them are already upon
revenue producing basis. Others are
drilling night and day with favorable
results.
The United OIL company will go
upon a dividend paying basis in June.
thus forming a splendid example of
quick action in oil. This company was
organized by Whittier g. Campbell
of Los Angeles late last fall, and
brought in its first well, in section 6,
North Midway, last December. 1t has
gone steadily ahead with development
work until 1t now has four wells pro-
ducing and several drilling. The wells
range in production from 500 to 1900
barrels day of % gravity oil. The
production is contracted for by the
Standard at 65 cents a barrel. The
dividend, as announced, will be ! cent
share a month.
VENTURA WINS ATTENTION
The Ventura county fields are again
coming before the public with addi-
tional prospect and development work.
1t is announced that with the new
companies entering and old companies
now drilling there, Ventura county
viii have fifty strings of tools at work
within the next sixty days. About
thirty are already on the job. The
active area is comprised in the Big
Sespe, the Little Sespe, Santa Paula
and Torrey or Bardsdale canyons
Chiefly, and also in Niger and Cop
per canyons at Piru and in Adama
canyons. Not for years has this county
seen such activity and actual work
going on.
The Buckhorn Oil company of Pasa-
dena has located rigs in Copper cam
yon In this vicinity the Modelo has
twenty wells pumping, and the Har-
ris, hex, Fortuna and Aloha COM
panies are pumping sever or eight
others.
One of the latest and best ilustra-
tions of progress in California oil is
the extension of the Coyote field and
La Habra valley by the bringing in
last week of the Bastanchury No. L
at a depth of 4444 feet. This we'll is
within the city limits of Fullerton,
and is credited with being the deepest
producing we'll In the world. The
Bastanchury is on a leased parcel of
1000 acres, operated by the Union Oil
company. This we'll proves the ter
ritory, and several other acres ad-
joining, also controlled by the Union,
are said to be practically proven. San
Juan No. l, down 1900 feet, is between
the Bastanchury and Murphy wells,
assuring an oil production. The new
we'll shows every sign of becoming a
big producer.
REACHES 1000 FEET
Well No. 1 of the Crown Oil COM
pany, in the Big Sespe field. has
reached a depth of 1000 feet, and is
now in very hard formation. which is
believed to stratify just above the
second and rich oil sand of the field
This hard foundation is about 100 feet
thick. When the we'll is finished it
will be deeper than any in the Big
Sespe field, and the management be-
lieves it will surpass anything in its
vicinity.
In the Midway field the Crown Will
soon begin drilling on it's holdings,
comprising 100 acres. The property is
located in section 3032-25. Immediate
ly adjoining the Lake View property,
where a well has reached a depth of
100 feet.
Beginning with the Crown holdings
in section 80 drilling activity is mani
fest in every section for a distance of
eleven miles in a straight line north
west, making the territory traversed
by the strike one of the choicest in the
San Joaquin valley
All the lumber and part of the tools
are on the ground, and development
work has begun under the supervision
of r. X. Howk, who has been recently
appointed field manager for the Crown
Oil company.
The Midway Five Oil company, an
other Los Angeles company, has
reached a depth of 500 feet in its well
No. l. in section 5, North Midway. The
camp of the Midway Five is said to
be one of the best In the field and
we'll equipped for drilling at this time
of the year. They are working day