| Show DEVElOP NEW Oil fiElD Goldfield foil nud RUI Boston Mm Rebind Large Project In San bun County Count I I Active development of ot the Arnold Arnol oil oi district in southern San Bonito county California has been undertaken by b the Range flange Sixteen Oil OU company which is 15 said sall to have the backing of a strong coterie of Boston capitalists Officers cers cers of ot the company are J C Me Mc McCormack ic Cormack Goldfield Goldfeld W C Erb Gold Goldfield Goldfield field tol John M Fairchild Los Angeles Angele who with Richard C Jacobs Jacob and aHl Oliver Oller H Lovejoy Love joy of ot Boston form torm the directorate directorate The company is capitalized capital hum for and It has ha been boen fully tuly financed by b H A Brown Co af f Boston BOton The Arnold field was developed to the production stage twelve years yer ago agob by b the Union Oil on Company wh n for some reason It was wai abandoned The new operators have hae no that they the will wil be able to bring in a number of ot othO heavily hO vl producing wells well wels H C C hot Heffron le fron tron consulting engineer of Los An Angeles Angeles geles formerly of Salt Sail Lake who Is in charge of ot the field work for tor the first wel well says the company in his hia hs opinion will wil experience no difficulty In taking the first string of cas ens casing casIng ensing ing down to a depth of 50 O feet at which point it I Is the Intention to re reduce reduce reduce duce to finishing the tho well wel at 2600 2500 00 to feet teet with pipe pipe al although although although though front from the dip of the formation the company expects to encounter the second or producing sands at a depth of 2000 to 2200 feet feet |