. Bulletin of the United States Geological Survey--The Santa Clara Valley, Puente Hills and Los Angeles Oil Districts. STREET AND SECTION MAP OF TH] EZ3 EE3 -ETIN NO. 309 ANGELES OIL FIELDS, CALIFORNIA Gil CD LOS ANGELES DISTRICT: DEVELOPMENT. 159 892, an oil well was sunk at Second Street Park by Messrs. Doheny & Connon. As3on as this well was found to be a success other wells were sunk on adjacenl lots, andlie Second Street Park oil field grew rapidly. By the end of 1895 there were morepan 300 wells within an area of less than 4,000,000 square feet. During L895 ila pricei crude oil at L
. Bulletin of the United States Geological Survey--The Santa Clara Valley, Puente Hills and Los Angeles Oil Districts. STREET AND SECTION MAP OF TH] EZ3 EE3 -ETIN NO. 309 ANGELES OIL FIELDS, CALIFORNIA Gil CD LOS ANGELES DISTRICT: DEVELOPMENT. 159 892, an oil well was sunk at Second Street Park by Messrs. Doheny & Connon. As3on as this well was found to be a success other wells were sunk on adjacenl lots, andlie Second Street Park oil field grew rapidly. By the end of 1895 there were morepan 300 wells within an area of less than 4,000,000 square feet. During L895 ila pricei crude oil at Los Angeles fell to a ruinously low rate, the average price for thai yearieing 60 cents a barrel. I ndeed, there were sales at a much lower rate—it is said evenb low as 25 cents a barrel. The reason for this depression was the lack of cooperationmong the oil producers and the lack of facilities for storing and handling the in 1896 the price of oil commenced to recover, and in July, L896, il had reached1 a barrel. The reason of this recovery was the diminishing of the supply, the organi-sation of the oil producers, and the increased facilities for storing
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