Los Angeles herald., 1910-12-01
NEW CAPITAL DEVELOPS
LITTLE SESPE DISTRICT
Old Ventura County Field Enters
Period of Greatest ACtiV-
ity of Its History

That there is more activity in the
Little Sespe district Ventura county,
at present than at any time since the
first operations were started over twen-
ty years ago is the opinion of old-tim-
ers in the field. During the past few
months many new rigs have been in
stalled. Most of these new operations
are being conducted in the northern
end of the field, above the old wells OF
the Union Oil company.
Geological conditions in this locality
are identical with those of the lower
or older, portion of the district, and
there is therefore every reason to be-
lieve that an extension of the field in
the northern direction will result in the
development of oil in the same quanti-
ties, and of the same quality as that
produced in the Tar creek region and
further down toward the Big Sespe
creek. No dry holes we're drilled in ex-
tending the field upward, and contin-
uation of the same formation warrants
the belief that much of the territory
to the north and west requires only to
be drilled to become productive.
Guffy and Galley, two well known
Pennsylvania oil men, have secured
leases on upward of 900 acres in the
Upper Sespe, which it is their intention
to develop as rapidly as possible. Their
first well. on section 5, 5-19, is now
down 1910 feet, having encountered the
same formations which were passed
through in drilling the Union wells
farther south in the field. The drill
is now in the red rock. and consider
able gas is coming UP through the cas-
ing. This well should be finished at
about 1900 feet.
DOWN 400 FEET
The Stockholders Oil company, ope-
rating on section 16, is down a little
over 400 feet, and should strike the oil
sand at something less than 500 feet.
The Moody Gulch Oil company, on
section 8, about midway between the
Guffy and Galley and the Stockholders
operations, have a string of tools act
lively at work in what is considered
class territory. Several other out
fits are drilling on nearby leases.
Within the past two weeks the I'm
ion Oil company has shipped number
of new rigs into the Sespe field, appar-
emily with the intention of increasing
it's production of high gravity oil.
Practically all the oil secured in the
Little Sespe field is used for refining
purposes, most of 1t running around 80
gravity.
One of the most recent corporations
to secure a foothold in the Little Sespe
district is the Concord Petroleum COM
pany, which has purchased half sec
ton OF IdnQ near Ine gully anu GdiSy
lease in the upper end of the field.
BACKED BY EASTERNERS
This company was formed by a num-
ber of well known business men in
New York, and 1t Is their intention to
bring the property into the producing
column at an early date. The Concord
property is situated in the well defined
oil belt, has identical formations with
producing properties in the older por-
ton of the field. and should therefore
yield proportionately with development.
During the past two weeks there have
been several representatives OF eastern
capital in the field, and it is announced
on good authority that within a short
time several other rigs will be at work
in the upper end of the district.
Cosmopolitan well No. is down over
1000 feet. and it has been decided to
sink the drill into the second sand.
Well No. 2 OF this company continues
to produce over 100 barrels day OF
80 gravity oil.
The Squaw Flats Oil company is
making satisfactory progress with its
well No. / in the upper field.
Several important deals are said to
be pending, looking to the erection of
three or four new rigs in the Upper
Sespe.