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Oil Drilling Near Long Beach Airport Reaches 5000 Feet
Texas Co crews drill at 1040 acre site leased from city near Signal Hill. Drilling to 12,000 feet or basement, with two test wells required. Royalty to city 42.6 percent if oil is found. City already earned 103000 development bonus. expected spending near half a million dollars.
MENTIONED IN THIS ARTICLE
Long Beach
Texas Co
Wildcat
Signal Tilt
Pacific Coast Division
Cherry Ave
Wardlow Rd
The