Los Angeles herald. [microfilm reel], April 10, 1910, Page 6, Image 18

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

Image provided by: University of California, Riverside; Riverside, CA

                
6
News of the Mines and Oil Fields
AMERICAN PETROLEUM
INCREASES PRODUCTION
Two Wells Are Brought in on Sec
tions 19 and 30 at
Coalinga
FOUR HOLES APPROACH SAND
Company Installs Additional Fa
cilities for Handling Output
to Pipe Line
The American Petroleum is continu
ing to Increase its production. Within
the pant week Superintendent Thomas
Crumpton brought in two wells, No.
16, in the northwest corner of si
19, 20-u>. Coallnga, which la doing In
tho neighborhood of 800 barrels, and
|fo. 6, on north SO, which is very prom
islng nail at tin- present time is doing
around 800 barrels a day.
]n addition to t!.<s.< two new pro
ducers, (Superintendent Crumpton has
four more In th« sand and abuul ready
to be mi the producing list, In addition
i everal others which will soon be
drilled In.
The properties of the American Pe
troli un ai i oalinga are the
great activity and operations are being
generally extended.
North 10 is proving to be a very pro
ductive propsrtyi and one of the great-
Mt wi 111 in the weft side district Is
drilled there. This is No. 3, and lias
been maintaining an average dally pro
duction of 1800 to MOO barrels since the
ing brought in.
The company Is Installing additional
facilities for handling its product ion.
The big pipe line which was recently
construct d con itlng up with the As
sociated line is running the produi tlon.
A big is-6-is pump is being Install) d at
the i entral station on si ctli i
which has a capacity of about 18, •
barrels a day. The pump will be kept
busy handling the production.
Forty sras engines have been ord< n d
for work on the different drilling wells.
Two have i» "ii Installed and are in
operation with satisfactory results.
BE«.l\* OH KBGTIOM *IX
nt development on the W. K.
bii.i Mohawk property, along with
Othi r work In the locality, caused the
oompany i" begin operations on Its
■action ii. 20-15 property. Five rigs
viii be started there In the very near
future. Bunkhousea, 28x100, are be
in: oi trueted along with a cook
house, 72xi\ wash house and bath
housi foi Hi accommodations of the
i barrel water tank has been
Installed on ;he hill and' three miles
„f four-inch pipe h is b< ■ n laid to »up
njj the operations. The drilling will
i as possible.
Four wells to !"■ completed within
tin- next iii dayi are Nob, ."., n and
__———_ ■■■ hi ii . _ ,_—■^ — ■iiggggg .jißpK Previous to this only
mt^S?mi''^^^^ s*k filV^^ 100,000 shares have
««;• a¥ CXC Jl J*w^&sk Wm l£? a Am been placed upon the
What Is a Safe, Sound Mm g m I n --^ &> fTH Pt\ fdr March*;?i Thi %\ dThe
an d Conservative %# ■ I_# *■» ▼ MIIVIII> • subscribed 0in Wtwe OWe
i|iiiii^l^^ai ,-^,^ lMM , M^,^,^,wa ,^ flft^HH^~ —■————■ hours.
A Safe, Sound and Conservative Oil Investment is One Which Eliminates All
! Elements of Chance—an Investment in a Company Which Is Operating in
Proven Territory -a Company OWNING EVERY ACRE OF ITS LAND,
i Free of Debt, and Operated by Oil Men of the Highest Standing and Integrity.
This Is What Merchants and Bankers' Oil Stock Means to You
the company (no commissions or brokerage will be paid to anyone-all money going into the treasury for developmentP«JJJ"> at^^ol^s™ 20, 28-28 (L official map),
paid for in full by the officers and directors) 160 acres of patented and proven oil land in the Kern River field, being the Nor«*2nd O? BTnkerV and other successful companies. G. G.
G. G. Gillette, and friends already have organized and placed on a producing basis the California Midway, Wellman Cld ar^^^duC inq has been phenomenal. Read the quo-
Gillette, Sydney Smith and others organized the Famous Consolidated Midway Company. The success of all these companies, which are now producing, has been pnenomenai. Keaa uic q
taUOn Kern River land is absolutely proven Oil land, with 250 and 275 feet of oil sand. Each well produces from 40 to 60 barrels daily, * **
years Conservative experts and investors consider the Kern field the most valuable in the world, as it is absolutely sure and reliable-furnishing a constant
The company also owns 160 acres in Section 4, 31-24, North Midway, which will also be developed with the P™"^ ' oi :fJ SS h to beein dri lling. Eighty (80) wells will be sunk
The Merchants and Bankers' Oil Company is free from debt, has its property all paid for and has $40,000 m the treasury with which to beg m atmmg t( £ ai y 32 00 barrels per day,
on the Kern River property, the work having already been ordered and it is safe to " cent !" dividends annually, or within
which, at a low estimate of 50 cents per barrel, will pay the stockholders $1600 a day, $48,000 a month and $a 76,000 annually, wnicn win yay ( f
7 per cent of your investment. This is a conservative estimate Tt is the intention to put down and complete five wells per month.
The object of offering this allotment of stock is to enable the company to more rapidly push the development -It is the «e,^ oJ l° p offered the invest ing public in years. It is .
For a safe, sound and conservative investment, with an attractive speculative feature, the stock of this company is the Jest-that ha«; been divid ends within six months, V .
not a gamble in any sense. It is a certain, productive investment. This stock will be listed on the exchange within ninety days and will be paying dividends witnin
The directors of the Merchants and Bankers' Oil Company ask the fullest investigation of their property, titles and ownership, — ■— —— ■ ——■————■■—-—— ——-
and also of the character, standing and responsibility of their officers. ... ' , .
Application for stock of the Company can be made by mail, wire or in person at the Company s offices. Allotments will be made in f\ID FPTOR Q •
the order in which applications are received. VVIV. l/IIVJ!*Vf 1 V/IVO •
. —^— JUDGE J. W. CAMPBELL. .Ohio
■liLm.lllllißWM.iMil mil m———————— ■—————^——— ■—" ' '" ——————— LEE B DURSTINE, Banker and Capitalist
_ a _ <*** President North American Life Insurance Co., -Newark, N. J.
«_ a % A J|| W% 1 9 /W«WH -T^ ttk DR. W. A. FRANCE Capitalist and Banker
Merchants and Bankers Oil Co. |J^!::;:^gssss
' — '~-^± ~ wk •■«•- G. W. LUCKEY .'.'.'.'.'.' R. R. Contractor and 'Oil Producer
604-605-606 Story Building • S. P. MULFORD Attorney and Banker, Los Angeles
O\J4-O\/*>-OV/O 3tOrV DllliCllllS FRANK F. PEARD Banker and Broker, Baltimore
wwt vw»/ ww jo -* o SYDNEY SMITH Capitalist
Los Angeles, California ' JUDGEJ _; jjmwii
_ _ _ a a*% DR W A FRANCE........ Vice President and Treasurer
PHONES: Home F2BOO v Sunset Broadway 4680 geo. c. hart. ...... ......... .................. secretary
■■■ *'■;'•;■ ■ ' ' • .'. ' i. ' ■ •■■'.■ ' •■'■"-•'■. V.'.'' ■'•'".' . ■ ■ ' ' ■ • • • '
JAMES WYNKOOP
LIGHT OIL SAND UNDERLIES
SUNSET DISTRICT, IS THEORY
THE belief that a lisht oil bearing
sand underlies the entire £
ii, id gains credence. Developments
during the t .ns! week tend to strength
en the belief, and locators are now be
ginning !•' turn their attention to the
untouched greater part of township
11-24.
The Pacific Punnet in section 34. 12-
M is drilling a test well which is now
more than ..200 fi el deep ami is still
drilling in a sand struck at iOxO feet.
The wells in this vicinity are com
paratively shallow, being finished from
. ,>;,] ...,,,,i from ■'■■ to
1,, barrels from a 100 foot stratum of
sand, i'li' 1 test well is still drilling
i and from all Indications is goin^ to
make a good producer. It is stated
I that the gas pressure is strong and
I unless the well shows up exceptionally
12 on section 19, 2n-lf> and No. 5 on
north ;:0. All are in the sand and arc
siiouiii!.; up promisingly.
The op.ratii.n Of the Nevada Po
.:;, has caused the American to
beixin the protection of the east Hue
of its section 30, 2<)-i:.. Five new rigs
■ have just been completed along this
line. Work is being rushed. One well
is down TOO feet with 12' = -inch casing,
iin the second row of section 80, Nos.
V. '.1 and 10 an- nearlng the 101
mark.
No. 11 on section 10, 20-ir. is down
17(10 feet and the water in Nos. 7 and
8 on north 30 has been cemented off
and drilling will be resumed tho end
of this week.
The American Petroleum has one
of the most extensive properties in
the Coalinga field and development
work is being pushed rapidly forward.
Tom Crumpton has direct supervision
over the work. T. A. O'Donnell is the
ii, i,i manager of the company, but
since the organisation of the Amer
ican Oilfields Limited and other
i Poheny enterprises O'Ponnell has
1 'little time 10 spend in Coallnga
'and additional responsibilities have
; fallen to Crumpton.
EAGLE CREEK SHUTS OFF
WATER WITHOUT CEMENT
taft, April The Eagle Creek ha*
been able to shut off the water with
! out cemetlng No. 2 well, as at first
1 planned. The 10-Inch casing was
driven tightly Into a shell at 1407 feet,
and the hole, after being bailed out.
was found to be perfectly dry. A small
bit was put in to drill through the
; shell.
Underneath the, shell the bit en
tered a shale which, after cessation
of work for a few hours, gave forth
oil in the bailer, The 12-inch is now
being pulled and the well will then be
drilled into the sand.
Well No. 2 is flowing steadily, pro
ducing 500 barrels dally.
LOS ANGELES HERALD: SUNDAY MORNING, APRIL 30, 1910.
I good, it is thought that the sand will
be thoroughly explored.
The Ananeonda, Which is also drlll
| ing a test well in section 12, 11-24
lends further support to the theory.
; The No. 14 well, which is being drilled
for a lower sand, went into a deeper
pay streak at 200 feet Sunday after
having gone through a water -and.
Wells on this property were finished
up between 1200 and 1500 feet.
The water sand which underlies the
producing stratum at this depth was
thought to be the drilling limit, but
by the recent drilling a second sand
has been tapped. The quality lias
not been eenernlly determined but
those acquainted with the operations
! declare it to be Hunt oil bearing.
If a production Is-obtained from tin
lower depths generally throughout the
Held, the value of the produeine: sec
tion of Bunset will easily double.
CONSOLIDATED MIDWAY
STARTS IN KERN FIELD
The Consolidated Midway, which
is gradually extend ■'„■ its operations
in the Midway field. Is to drill ten
wells on its Kern river property, 80
acres in the southwest quarter of sec
tion 21, 2N-2S. Three strings of tools
will be started at once, preliminary
work now being done.
E. A. AViltse. the well known New
York mining engineer who is inter
ested in the company and haw re. ent
ly taken (barge of the general ex
ecutive work, was in Bakersfleld Mist
week with (i. K. Monnette, the Ix>R ,
Angeles attorney, who Is also inter
ested in the same company. With J.
M. Pnnzlger they are Inspecting the .
west side properties, which consist of
three holdings, a lease from the Jnde
on section 15, 32-23 on which their No. ■
1 well is down 1020 feet; No. 1 on frac-i
tlonal 30, 12-23 is down 784, while on
section 32 the derrick Is up and prep
eratlons are being made for drilling.
.Mr. Wlltse Is enthusiastic over the
prospect of the oil Industry anil has
assumed management of the Consoli
dated Midway affairs. He Is a busi
ness partner of John Hays Hammond
in ,i number of mining properties and
apparently likes the oil business as
well if not better than mining.
CASTLE WILL SPUD IN
COALINOA, April 9.—The Castle Oil
company, operating on the southwest
quarter of section 4-20-15, has material
on the ground for building. Rig for
well No. l la completed and will spud
in next week. The directors are S. A.
nuiberaon, Jr., H. A. AVhitley. J. O.
Hlckman, Stanley J. Fay and P. .1.
Muller.
CALIFORNIA EXPORTS
EXPAND TO INCLUDE
DOMINION OF CANADA
SAN FRANCISCO, April 9—Ship
ments of crude oil from this customs
district 10 chile, Guatemala, Panama,
Peru, Salvador, Gorman and French
Oceaniea and Canada in 1909 amount- :
ed to 1,(W0.000 barrels, valued at $4.">4.- |
921. A feature of the exports were the
shipments to Canada. No crude was
exported to that country In IBM, while
in 1909. 1R.476 barrels were shipped
there. Crude exports to every coun
try served, except Guatemala, In
creased in V.109. Panama and Chile
hnve extended their oil fuel greatly.
The business in February and Mar. h,
1910, also shows a material Increase
over the same months of 1909. During
the first fifteen days of March a car
go left Port Harford for IVnama
amounting to 1,880,000 gallons, or 45.
--000 barrWs, valued at $27,000, and two
Cor chile, amounting to a total of
5,074,000 gallons, or 1-0.509 harrrels, v.il-
Ued at $58,200. Thus the total for two
months and a half is ISSS.I'U barrels,
valued at J209.500. over 3.1 per cent
in quantity and over 10 per >•■ nt
in valuation. Dur'.ng 10ns the entire
exportation of crude wns 42fi.o:fi barrels,
\ alu.d at $215,000. Thus shipments for
the first two months and a hall of 1910
cxi ceded those of the whole of 1908
by 33,319 barrels.
This year's shipments of crude are
those of the agencies, as the Union
is one of their members and their
sales agent, find all the oil Is pooled,
That the business is growing is a good j
Sign for them.
MIDWAY-COALINGA TO
DEVELOP IN TEMPLOR
The Midway Coalings Oilfields oom
pany is the name of a new oil com
pany which has Just purchased a sec
! tlon' of land in the Templor district.
The t!4'i torn are located In Motion
M, 27, 19.
The company has headquarters in the
Union Trust building, Los Angeles, and 1
will, It Is said, begin at once to prove \
!up on this property. It is capitalised
for 1,000.000 shares and some of the
stock will be sold for development pur
poses.
Crown Oil company's Ventura well |
No. 1 was HO feet deep Saturday. As
depth Is gained the gas pressure in- j
creases. Within the next few days It is
expected the first oil sands will be en
countered at a depth of about 1000 foet.
The company intends to sink tlie well
into the third oil sands, which are be
lieved to be about 1500 feet below the |
surface. All of the lumber for the com- i
pany's Midway property has been de- |
llvered and mi order placed with the
Oil Well Supply company of Los An
seles for a complete (standard drilling
equipment, which is to be delivered
within fifteen days. Rlb builders now
employed by the. Midway Five Oil com
pany will build the crown derrick and
bunk house.
Midway
[Premier
Stock Backed by This Property
Twenty-year lease on forty acres, being blocks one and two
of the north half of the southwest quarter of Section 5,
Township 32 south, Range 23 east M. D. B. & M., of the
Midway district, Kern county, California.
And by These Officers and Directors
President, A J. Snyd.-r, Capitalist and Keal BeUti Operator, Oakland, Cn\
Vice resident, Frnnk N. Smith, prominent real estate dealer of OaklandAal.
Secretary Harry W Thomas, successful oil operator of link.islicld, Cal. Sim secretory of the, R. P.
T. on Co., lha (t. w. A i!. oil Co. and the lUlnoii Crude (Ml Co. \ m
Treasurer, Kern Valley Hank.
Director, Hon. T. Spollacy. owner of oil lands nnd pronunent oil producer, president of the follow1n«
eucceeeful companies: Mascot oil Co., Premier Oil Co., Lockwopd OH Co. and Illinois crude Oil Co.
Director, RnfUl C.. Smith, capitalist, Oakland, Cal.
Will Surely Make Money for Its Stockholders
* A complete rig is on the way and the management expect- to bring in their nm well within ninety days.
In the meantime an Introductory block of 60.000 shares is offered at
Twenty Cents a Share
C!et buoy nnd crnd in your iUbecrlptlon at once if you wish to make money in a gilt-edge, hona fide In
vestment hacked by men who have made dividend-paylnß oil companies.
Midway Premier Oil
Company
M. Franklin Kline, Fiscal Agent
F3690 806 Story Building Main 4972
A HERALD WANT AD IS A PAYING INVESTMENT. TRY ONE
I'ART 11