Backstory and Context
In 1900, the state of California was producing 4 million barrels of oil. By 1910, they were producing 77 million barrels. Even though production had increased the field began to experience “slowdowns.” Luckily, three major fields were discovered, one in Huntington Beach (1920), one in Santa Fe Springs (1921), and the biggest of them all, in Signal Hill (1921).Within one year of the discovery, 108 wells had been built and total output was 14,000 barrels a day. At the end of 1923 there were 300 wells and output reached nearly 260,000 barrels per day. This amounted to a quarter of the world's oil production.