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Oct 23, 2017, 12:32 pm56 ptsENN
On New Year’s Day, 1909, a grocer named Julius Fried and his novice drilling crew, the Lakeview Oil Company, spudded a well in the desert valley scrub in the Midway-Sunset oil field, 110 miles north of Los Angeles. For the first 1,655 feet, the well yielded only dust, and then Lakeview ran out of money.
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