San Francisco Paper - Present Conditions in the California Oil-Fields

During the past two years California has developed a new and important oil-field: I refer to Midway. This field produced the famous Lake View gusher, which is credited with a total production in excess of 8,000,000 barrels. Fortunately for the oil industry of the State, this well is now a thing of the past, and nothing, save a great crater-like opening marks its location. The pipe is entirely worn away and gone; and it is a matter of serious doubt if there can be anything done that will cause the well to produce again. Fortunately, also, there have been no other wells in that field or elsewhere throughout the State that in any may compared with the Lake View. Midway is noted for large wells, of from 500 to 2,000 barrels production; but the decline is rapid, and a few months serve to bring the output down to a few hundred barrels. In the oil-territory heretofore blocked out as proved and probable, there have been, during the year, many changes. Some areas which were expected to be fairly productive have apparently failed; others, more strictly "wild-cat," have come in; while in some of the older fields there are properties which are beginning to shorn evident signs of exhaustion. The total area of proved territory will therefore probably suffer but small