Word: cuyama
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Dates: during 1948-1948
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...California's tiny, barren Cuyama Valley, more than a dozen companies had probed for oil, hit nothing but dusters. Only Los Angeles' aggressive Richfield Oil Corp. kept on drilling because, as one Richfield executive put it, "our geologists couldn't prove there wasn't oil." There was. Richfield struck its first oil last winter. Last week the company brought in its third well, an 8,000-to-10,000-barrel-a-day gusher that was "choked" down to 600 barrels a day. But it "proved up" the field and made the Cuyama strike the richest...
...last week the San Luis Obispo road -the valley's only outlet-was jammed with trucks carrying oil to the coast, and pipe and rigs back into Cuyama. Each day brought in new hopefuls who pitched tents, built rickety lean-tos, rigged up their equipment with floodlights for around-the-clock drilling. To carry away the oil, Richfield was laying a 35-mile, 6-inch pipeline to connect with a bigger one that ran to Los Angeles County. Richfield has given the contractor ten days to complete the line...
Quick Turnover. Though the oil strike had turned the peaceful valley into a raucous wildcatters' camp, Cuyama's settlers (30-odd families) had no complaints. Postmaster Eugene Stutz sold his filling station and 13 acres for $125,000 and half interest in any oil found...