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Oil has long been recognised in Ventura County considering the fact that prior to the arrival on the Europeans, as being the indigenous Chumash persons applied tar from pure seeps to be a sealant and waterproofing for baskets and canoes. While in the 1860s, many attempts were manufactured to reap the petroleum items below Ventura County but none ended up financially prosperous, as well as oil speculators sooner or later transformed from oil to land progress. In 1913, oil exploration started in earnest, with Ralph Lloyd acquiring the economic aid of veteran oil person Joseph B. Dabney. Their very first very well, named "Lloyd No. 1", was began on January twenty, 1914. The nicely struck oil at 2558Â feet (780Â m) but was wrecked when it went wild.
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