Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (10961)	4/22/2002 5:14:10 PM
From: waverider	Read Replies (1) of 36161

Don't know if anyone is interested in old oil patch history (is there any other kind...) but I spent last week tramping around Taft, California. It was the site of the biggest oil gusher in California, the Lakeview Gusher. Went for a year and a half and cranked out 9 million barrels. Saw a few photos of boats on the lake it created. They were only able to rescue about half the oil, but still the huge volume depressed oil prices from about a buck thirty to thirty five cents...this was around 1908 I think. The original guys couldn't keep the drilling going at first so Union Oil came in and bought a 51% interest in the well. What a deal. Anyway, you can visit the old gusher site. Just a big hole in the ground now, but it is easy to imagine the men and what they did to try to get the situation under control. Those days are gone. Doubt a guy could be able to go out and strike it rich on his own by drilling or mining. Takes megabucks these days. wr

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