Petroleum in California; A Concise and Reliable History of the Oil Industry of the State

Petroleum in California; A Concise and Reliable History of the Oil Industry of the State

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...and this, taken in connection with the large holdings, puts the Columbia Company on a very stable basis. The property of the company consists of 280 acres held in fee simple and 620 acres held on lease. As yet but a very small portion of this has been exploited, but as all the land was carefully selected by the most reliable oil men of the State, it is considered certain that a large portion of the territory is oil land. The company owns four complete drilling rigs, all of which are kept constantly at work. Also, one-half interest in the Franklin Refining Company, of Los Angeles, one of the leading refineries of the city. The Columbia Company is now pumping four wells in the Fullerton district, the daily output being 200 to 300 barrels. The oil is 35 deg. gravity, and is eagerly sought for by the refineries. It brings $1.80 a barrel f. o. b. Los Angeles. The oil-bearing sand rock in the Fullerton district is reported to be the thickest in the world, and all the wells are expected to be longlived. The officers of this company are among the best-known oil men of California. W. L. Hardison is President; W. B. Scott, Vice-President and Superintendent; Guy L. Hardison, Secretary, and Harry Chandler, Treasurer. The capital stock is $1,000,000, with shares of $1 each. The Soquel Canyon company was the first of the Fullerton district to be opened and therefore is the first to ba considered. The Santa Fe company was the first in the field. It now has 16 producing wells. The company has a fine pumping plant, capable of pumping fifty wells. Two large 180-horse power boilers furnish the power, the fuel used being gas from some of the adjacent wells. The company has four drilling rigs, which are kept constantly at work, and the large territory is expected more

Product details

  • Paperback | 68 pages
  • 189 x 246 x 4mm | 141g
  • Miami Fl, United States
  • English
  • Illustrations, black and white
  • 1236541065
  • 9781236541062