2031

Coalinga Oil Stock Certificate Group (7) [128673]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
Coalinga Oil Stock Certificate Group (7)  [128673]
SOLD
80.00USDto t*******d+ buyer's premium (20.00)
This item SOLD at 2021 Feb 12 @ 08:35UTC-8 : PST/AKDT
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Seven scarce oil stocks from Coalinga, California. All but one issued pre-1910. Coalinga oil certificates are scarce and desirable. The Coalinga Oil Field is a large oil field in western Fresno County, California, in the United States. It surrounds the town of Coalinga, about halfway between Los Angeles and San Francisco, to the west of Interstate 5, at the foot of the Diablo Range. Discovered in the late 19th century, it became active around 1890, and is now the eighth-largest oil field in California, with reserves totaling approximately 58 million barrels, and over 1,600 active oil wells .The Coalinga Oil Field is the northernmost of a series of oil fields along anticlines extending along the western margin of the San Joaquin Valley, anticlines which parallel the San Andreas fault and have their origin in compression from associated tectonic processes. Other anticlinal oil fields in the same series include the Lost Hills, South Belridge, Kettleman Hills, and Cymric fields. The southernmost, and largest in the series, is the Midway-Sunset Field in the southwestern corner of the valley. This is a nice group and they are hard to come by. View photos.

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State: California
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Provenance: Ken Prag Collection