Domestic Production - Review of the California Oil Industry in 1927

The year 1927 witnessed numerous developments of significance in California. The State's shut-in production increased from an average of 58,000 bbl. daily in January to a maximum of 93,000 bbl. daily in August, and a total of about 25,000,000 bbl. was withheld from the market during the year. This not only lessened the effect of large production at Hunt-ington Beach, Seal Beach and Alamitos Heights, but also was a most effective conservation move. Since 1922, it is estimated that approximately 100,000,000 bbl. of oil that would otherwise have been produced have been held in the ground. I. Outstanding Field Developments of 19271 1. Long Beach Deep Sand. 2. Rincon (Seac1iff)Discovery. 3. Alamitos Heights Discovery. 4. Ventura Avenue Extension. 5. Round Mountain Discovery. 6. Mt. Poso Extension. 7. Potrero (Cypress) Discovery. 8. Buttonwillow Gas Development. 9. Goleta Discovery. 10. Union Avenue, Edison and Fruitvale Areas. (See Fig. 1.) II. Crude Production The most important factor in new crude production in 1927 was the Seal Reach field with its adjacent Alamitos Heights townlot area. Production increased from about 10,000 bbl. daily in January, to a peak of 66,000 bbl. in June. Huntington Beach finished the year 1926 with a production of 102,000 bbl. daily, which declined to 60,000 bbl. by the end of 1927. Due to production in these three areas and the tempering effect of shutting in numerous wells, the California production curve for 1927 was held at a fairly even level. Fig. 2, shows the State's production in 1927 and 1926 as compared with 1923, which was the year of excessive