Independent Press-Telegram from Long Beach, California on January 4, 1959 · Page 66
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Independent Press-Telegram from Long Beach, California · Page 66

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Long Beach, California
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Sunday, January 4, 1959
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Page 66
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It-- PARADE OF PROGRESS 1hJ»pOTdtn*-Pr«n-Ttlt9r«ni t-«iM*,cJM».j».«,im Heart of Vast Richfield Oil Corp. Operation Centered in Long Beach Operating on a worldwide basis in the search of petroleum Richfield Oil Corp., really is considered a Long Beach major industry because much of Its operations are conducted in this area. Of approximately 6,000 Richfield employes, more than 2,200 are at work in this area. Some are at the giant refinery at Sepulveda and Alameda, Many are at the growing m a r i n e terminal the company has in Long Beach Harbor. Others are in the Long Beach Harbor Dist r i c t production office, the Southern Division office at 5900 Cherry Ave. and the L o n g Beach sales office. * * * * THE BIG R E F I N E R Y , located on a 600 acre tract, has 130,000 barrels a day production and contains over 1500 miles of pipe and tubing. In 1954 a 540,000,000 expansion at the refinery saw it install the most modern equipment including a 240-foot catalytic cracking unit which rises 21 stones Into the air. To guard against air pollution Richfield in recent years has installed 511,000,000 in devices to capture fumes during refinery operations. U A D R A D TFPMIMAI Construction is progressing M/IKBVK I EK/nilV/tL on a $4,500,000 unit at the re- A portion of tlie Richfield Oil Corp. terminal facilities In Long Beach Harbor are shown here. The company has the largest single docking area of any private concern. finery which will go into operation this year and increase production by 35,000 barrels per day. ! * · · * ' IN LONG BEACH HARBOR the company has 2,400 feet of dock frontage on channel 2, the largest single stretch of dockage by any private concern. It has 1,200 foot of dockage in channel 3. Richfield has three docks capable of handling the huge 65,000 ton tankers. Charles S. Jones, Richfield president, is one of'the Southland's- most civic rninded leaders. He made, for his company, a 5100,000 pledge, to the Long Beach Hospital'Fund and 550,000 to the Long Beach YMCA modernization program. * .* * * . R I C H F I E L D .HAS BIG 1PLANS for further oil searching this year and is preparing a fleet of boats for use in offshore and jungle exploration in South America. Some of, the crews have been enrolled in Spanish classes for weeks and will leave here this month. OU writers say that Richfield R(CHFJEID , S REFINERY SHOWN was the top dollar producer of . new wells and fields during the Heart of the big Richfield refinery near Long Beach is the fluid catalytic 1958 continued search for black unit pictured here. The company is installing another costly unit to increase gold. production to 165,000 barrels a day. California Oil Industry Cuts Into Stocks; See Improvement By HOWARD KEGLEY From a long range point of view it probably could be attributed to the Suez crisis that the oil industry of this country had to devote a good part of 1958 to seeking a better balance between inventories and mand for oil products, but the fact that domestic demand during the larger part of the year showed an increase not to exceed 1 per cent over the previous year gave the oil industry little comfort. Yet the industry did succeed In pulling down accumulated stocks of heavy oil from the inordinately high level of 62 million barrels at the beginning of the year to 35 million barrels. Actual inventory liquidation in 1958 was at the rate of 120,000 barrels, in spite of notable crude oil imports. This was the heaviest inventory drawdown since 1950. Distillate stocks are still much too high, for a number of reasons, one being competition from gas, but it is believed that the industry has weathered the worst of its oversupply problem. * * * * ' SHOULD GENERAL business conditions continue to Improve, as it is expected, some of the leading authorities expect to see domestic petroleum demand next year exceed this year by 4 to 5 per cent. Adequate control of oil imports might lift this as high as 7 per cent, and refinery runs might show an improvement as great as 6 per cent There might even be some restoration In petroleum product prices. While some operators in 1958 almost ceased to drill for new oil supply, thinking that there Is a surfeit of petroleum In world markets, there are those who forecast that within 10 years the daily market requirements will be 50 per cent greater than today. In round barrels, says William Wardner, manager of the Conservation Committee of C a l i f o r n i a Petroleum Pro. ducers, this state stuck rather close to a daily yield of 860,400 barrels, which was 68,500 barrels less per day than the output during the previous year. As we have tabulated them, 11 new fields and 14 new pools were discovered In six different counties. As usual, Kern County led them all with 12 new fkldi and pools, Los Angeles County was second with 6, Ventura third with four, Santa Barbara next, with two, and Monterey and San Benito counties with one each. * * * * DRILLING ACTIVITY during the year dropped from 218 rigs in 1957 to around'114 rigs at work during October. This accounts.for the completion of only 836 wells compared with 1,401 last year. Counterbalancing this, however, is that the average initial flow rate per well increased from 95 to 104 barrels, showing, as Wardner points out, "a better quality of well being completed." In 1958, for the first time in several years, we witnessed the completion of several wells with initial yields running from 2,300 to 3,000 barrels. These, one should add, were In the astonishingly productive wells at the south end of San Joaquin Valley -- such places as Tejon-Grapevine, North Tejon, San Emidio--areas where multiple sands have been discovered. We should say, wjthout hesitation, that in 1958 Richfield Oil Corp., was the leading operator from standpoint of new discoveries. Emphasis must be given to the several new fields found during the year southwest of Bakersfield and reaching up toward Wheeler Ridge. In this area several fields, carrying multiple sands, were discovered. Another busy area was the rather spectacular Buena Vista Hills where' the new 555 zone, at approximately 5,500 feet, has yielded close to a dozen producers with initial flows ranging up from 450 to 1,100 barrels daily. THE LOS ANGELES Basin yielded two new and attractive multiple zone fields in the last half of the year, one drilled on Rancho Country Club and the other on an adjoining parcel. These are different fields at varying depths, but both are prolific and promise production from several different zones. Serious development of tidelands leases began after the middle of the year. Standard- Humble completed an excellent producer on its marine lease just south of the old Summerland lease, and Richfield Oil superficially tested three exploratory holes on its Rincon Island. The Conservation Committee has it that California completed an estimated 1,000 oil wells and 40 gas wells during the year. The latter showed a decline of 18, due largely to the fact that several operators ceased drilling and began farming out acreage. * » * » SOME OF THE MOST prolific gas wells were completed in 1958. In the discovery of the Vernalis gas field by Sesnon- Great Basins it would appear that the second most important gas area in the state was brought out into the daylight, after having been a one-well field for nearly 20 years. In the Sacramento delta area at least two wells have lately demonstrated there are multiple gas sands present At least four Texas operators entered the Sacramento Valley gas belt during the year and met with fair success. The expectation is that fresh activity mil be seen in several of the gas counties during the new year. Although some of the larger operators, whose drilling budgets require approval In New York and even London, may be rather slow to gather, momentum in the new year, the expectation Is that many small operators will get up steam in the early weeks, especially in the gas belt Several wildcat wells now under way may open new areas for drilling, and it is certain that increasing tempo may be expected from those who are developing marine leases offshore. This year proved that there are many places left in which to confidently look for oil, and the long range outlook seems to be for a better year than last Pierpoint Landing Big Sports Center . v*~_- _*..- * Albacore fever is a common ailment among Southern Caiiiornia sportfisher- men. These brawny battlers, plus yellowtail, barracuda, sea bass and many other species are eagerly sought by Pierpoint Landing's l a r g e sportfishing fleet. Love that ocean. Sportfishermen, .diners-out, and all who admire the mighty Pacific have a favorite spot they bead for in Long Beach to enjoy the endless panorama of color and a c t i o n on the water, according to surveys maintained by Pierpoint Landing's management. Last year's attendance at this mecca for the shoreside fun- seeker ran well into the millions, though figures are not ai yet complete, according to J. E. "Mac" McClintock and Bill Nott, the team of "old salts" who run Pierpoint. Visitors Include numbers of persons from every state In the union. The great bulk of Pierpoint Landing patrons and visitors, however, come from Southern California, the Landing Spokesmen said. And the biggest business at the L a n d i n g is the sportfishing operations, with the Landing's powerful fishing boats on hourly schedules leaving the Landing floats to go out to the many fishing grounds of the ocean. These crafts include the "Sea Angler," "Hurricane," "Matt Walsh," "Hornet," "Sea Sport," "Spitfire," 'Islander," "Dutchman," "Paul G," and the "Pierpoint." All are carefully maintained in seaworthy condition, and skip- pered by veteran fishing cap-' 1 tains long familiar w i t h the coast, "Mac" McClintock said. » * · * IT IS THE FISHING Itself, however, that brings the trill, say those who come back from the fishing grounds, loaded with then: catches. Seabass, yellowtail, halibut, barracuda, rock cod, albacore and t u n a are o n l y a f e w of the varieties caught on the Pierpoint boats. Sportfishing, though the busiest, is not the only center of activity at Pierpoint Landing. The shoreside features, spread out across ten acres, including extensive parking space, are crtJLir attractive enough to entertain SOme isitors all day. Looking south past the end of Pierpoint Landing visitors can, as the saying inviting s t o r e s and shops goes, "see Catalina Island on a clear day." The Landing's shops and stores of- along the strand covering, the f e r a wide variety of curios, refreshments and foods to the crowds that throng west side of the landing area the area. jffer a wide variety of appeals o the sightseer and curio shopper. There is a curio and supply hop, where goods offered for sale include not only oddities 'rom the depths, but also virtually everything the fisherman and outdoorseeker n e e d s . There Is also a fish market, offering selected cuts, fillets and steaks from fresh-caught fish. Realty Board Multiple Listing Big Service to Buyers-Sellers SEVERAL CAFES offer var- ed cuisines to the hungry vis- tor, some specializing in Oriental dishes, others in Mexican foods, still others having standard American menus for the diner's preference. Other p l a c e s have sandwiches and quick lunches of various kinds. Farthest north on the strand are the monorail hoists that vork at launching small craft, in service to those thousands who trailer their boats out to Pierpoint with them when they come. Other interesting attractions at Pierpoint Landing include the sightseeing motor v e s s e l "Shearwater," which calls at the Pierpoint f l o a t s several times a day to pick up those who wish to take the tour of the Harbors, both Long Beach and Los Angeles. And a new program at the Landing, inaugurated last summer, is the fast daily cruiser service to Santa C a t a l i n a Island, via "Descanso," and the " M a g i c Isle." With a record of continua progress since being .organize in 1905, the Long Beach Boan of Realtors now has over 1,000 affiliated members and is the eighth largest board in the United States. Always stressing strong etlv ics for their profession, the Long Beach Realtors have ( record of achievement in civil duty that is just as impressive as their sales record. A few years ago the boart instigated Multiple Listing o properties and this program ha. grown until today it is widelj accepted by property owner: who desire quick sale. * * * * THERE ARE over 400 estab lished, reliable Realtor office in the Long Beach area, ex plains Hilbert Adema, retiring diairman of Multiple Listing and Art Holmes, the curren year chairman. When a property owner "mul tilists" his property with om Realtor he is, in fact, putting over 600 salesmen of those 401 offices on the job. Photos an taken and pictures sent to thi various offices at once. The seller pays only one com Scientific Information Is Available to Students Already noted for an out standing science and engineering program, the Long Beach City College Liberal Arts Division has now taken steps m a k e scientific information even more widely available to its students. Operating entirely as a voluntary and extracurricular program ii a new weekly Science Scries of special lectures Lakewood campus faculty mem- bers. Object is to create a wider understanding of science among general college majors and to broaden the scientific back- to ground of students specializing in one particular field. Among the programs already presented are lectures on recent developments in modern mathematics, origins of the Indo-European languages, the by role of largo molecules in living tissua and the current cd- PARALLELS IN PROGRESS Like the great Long Beach Harbor, serving Pacific Coast commerce for 54 years, Utah Construction Company has been helping to build the West for more than half a century. Utah' Construction Company and Utah Dredging Company are proud to participate in the vital harbor improvement project at Long Beach--another important contribution to the continuing growth of the West. "The Permanent Public Value of Our Work Is ffie Accurate Measure of Our Success" U T A H C O N S T R U C T I O N C O M P A N Y UTAH D R E D G I N G C O M P A N Y 100 Bush Street · San Francisco mission and deals with only one Realtor. Yet his property may be sold by any other Realtor who is participating in the service. · · * * "THE MULTIPLE Listing Service of the Long Beach Board of Realtors has always been the greatest single service to buyers and sellers alike," declares Holmes, "for it gives both the buyer and seller a maximum of tales effort and selection. "The 1959 program calls for an even greater concentration and expansion of this service." Under the Multiple Listing the past year the Realtors sola 517,053,218 in property. This involved 1,276 sales or 41 per cent of the sales the Realtors made. FOR ALL KINDS OF FUN/ r Sportfishing, siglitseeing, dining, relaxing on a harbor cruise, shopping for rare curios of the sea.,. make it PIERPOINT LANDING for more fun, every time. Go out early on one of £ Pierpoint's big, fast fishing boats . come back with a thrilling catch of yellowtail, sea bass, barracuda or albacore, in season! Pierpoint's restaurants offer you fine American and exotic cuisines. Small boat rentals, low in cost, can he-loads of fun for you. Leave your car in one of the vast, free parking areas.,. laugh at the playful sea lions,., watch the big (hips come and go in the harbor, or just soak-up the sea'air and sunshine. That's for you at PIERPOINT I LANDING. f Don't miss it! OPEN THE YEAR ROUND WERPOINT LANDING in the Port of Long Beach EASY TO REACH: THE "LONG BEACH FREEWAY ENDS IN OUR PARKING LOT " Phones-.HEmlock 2-0408 ; ;NEvada 6-5759

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