Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-02-10
OIL TRLUMPHS
OVER WATER
Well of LakeView No. 2 Oil
Company Solves Grave
Problem

OF tar-~eaChjng Importance 20 4
i%1ge district. il NUuil alepar. is the
ringing in Of a guSh r hy the Lake
View No. > Oil COMPANY. which vas
reported in TINS paper the other dav
through letter received by }. Oswald
LuIttrl. The event has raised the.
hopes OF other companies having oil
land: in the vicinity, which have been
literally drowned ont for some time
with the water encountered by Dor
'nes. From the following remarks m
The Examiners oil columns Of Janu-
airy 90 the L2kevew strike is exciting
the keen5st interest of investors in
that section:
The eyes of all men over the en-
tire Portland Flat are now turned to
the Lakeview No. OIL Company's
new we'll, which went into the oil sand
last week and came in. when being
Cleaned out, with a flow estimated at
$500 barrels day. The we'll has nov
settled down until its daily flow is
between 220O and $500 barrels of 26
gravity OIL
The offer of the Standard Oil Com
p3ny for this grade is 65 cents a bar
lei, which gives the Lakeview No.
Company a big income from the we'll.
All around the property new interest
is being taken by the operators who
have been striving to get into the big
sand
The fact that the Lakeview No. 2
experienced but little water trouble
has disproyed the theory that it Is
necessary to cement off a big water
flow in the lower formation, and is
welcome news to many.
The Bronco Oil Company found the
water stratum and cemented it Oft
solid, but the Midway Southern and
the Sunset Extension, like the Lake
view No 2, appeared to be outside of
the lake of water which made the
trouble for others just before the hard
shell formation was reached.
But little more than year age the
fiat was looked on as one of the poor
est territories in the several fields.
1t therefore promised little for oil
men. With the bringing in of Corona
ton, No. 1, section 4, 1923, the terri
tory was proved. The Coronation was
destined to become one of the largest
dividend payers in the west side. Then
the water broke into the we'll and in
stead of high gravity oil, worth sixty
FIVE cents a barrel, the production was
.alt water with no value, even for use
in boilers.
"The Union Oil Company then came
partially to the rescue, taking over
tic lease. The old Coronation gusher
hole has been cleaned out and the new
Cp ner is making an effort to shut off
the water that the we'll may be a
dividend payer.
"The flow of No. ] we'll of thu Mid
way fields continued for more than 4
month before the water broke in. Its
production of oil was so heavy that it
paid for itself and several others be-
fore it was necessary to abandon the
hole.
Both the Branco and the Midway
Southern wells were idle drillers for
more than a year, but now the out
look seems bright for them becoming
dividend payers. The Sunset Exten-
sion we'll is also nearing the sand.
Therefore it is only a question of a
short time before the Pentland fiat
promises to have three more producers
OF high gravity oil
Further, on the 3Oth Of January, the
Examiner had this item:
After flowing. 5000 barrels of Is
gravity OIL we'll No. I of the Lake
view No. 2 Oil Company, section 4.
1923, sanded up last Saturday night.
During the short time the we'll pro-
duced it gave it's owners $4,000 as we'll
as the satisfaction of knowing there
still was the immense gas pressure in !
the oil sand encountered by the Mid
way FIELDS. The we'll Is to Re cleaned
out immediately.