Omaha daily bee., 1911-10-26
Big California Proves
Itself to Be Greatest
Oil Producing Region

California has demonstrated itself. most
conclusively, to be the greatest oi-pro-
ducing country on the globe, and the
production continues to increase grad
ually. In the first six months of 1911
the production reached an output of APP
proxlmately SS5O0.0O0 barrels, or a daily
average of about 10000 barrles. and it
will be more than a decade before the
development of its many wonderful oil
fields can even reach the maximum.
The wild excitement that always per-
vades every oil field in its early history
and results in wild eating" is no longer
present in any of the California fields.
The development has resolved itself into
a substantial, methodical business, car
ried on by solid financial interests who
have realized the wonderful opportuni-
ties and grasped the chance to make
money out Of Oil.
The oil business of California long
since has passed the experimental stage
and stands today, unquestionably, as
the greatest and most important indus
try of the state. The total gross pro-
duction in the state for 1911 of approx
mately 60000,O00 barrels will not only
yield an enormous revenue. but afford
employment to thousands OF people
The use of oil as n fuel has increased
so rapidly, on account of it's conven-
fence. cleanliness and cheapness, that its
consumption, in truth, has become COM
merclal necessity, and the producers in
the past have never been able to main
tain in storage above the ground guam
tity at any time sufficiently large to in
sure consumers with absolute certainty
that their demand could be supplied.
| Nothing more than a guess can be
made as to how much oil existing con-
tracts call for future delivery but some
idea may be formed from the fact that
Mr.. ST. Clair, the president of the In
depenUont Producers agency, recently
stated that that agency alone had con-
tracts for delivery aggregating between
60 10000 and 70OOO,VVV barrels, and 1t is
known that other concerns have con-
tracts equally as large or larger. So
great, in fact, has become the demand
for oil that selling agencies are recognize
ing the vital necessity OF creating ana
maintaining a storage above the ground
for a large amount OF oil to guarantee
their selling contracts, and the Inde-
pendent Producers agency recently de-
clared its intention, publicly, Of creating
storage surplus as soon as possible OF
at least 100000 barrels.
1t is safe to predict, and, in fact, II Is
the opinion OF the best versed oil men
in California, that If the production OF
oil in California today was great enough
to insure a visible surplus OF 100000.
barrels in storage above the ground
within the next three years, that II would
mean a big jump in the price of oil, and
every move now being made in the Cali
fornla oil industry points TO the fact that
there is a determined effort being made
among the reliable and far-seeing oil
men to provide for such a surplus.
OF the many new companies producing
oil in California, none is in such excel
lent position to enjoy the advantages OF
this situation as the Buick OIL company
Its No. WELL brought in several months
ago, has been producing consistently fol
many months, approximately, 10000 bar.
rels of oil OF high gravity each month
and 1t has sufficient proven territory
upon which TO drill two score or more
wells, which should produce a vast sun
In profits for the stockholders OF thii
company.
David D. Buick, president OF the Buick
OIL company, is the former creator anC
manufacturer OF the Buick automobile
and his success in the California Of
fieIUs IS Of great interest to all wno arr
familiar with automobiles.