Two miles back of Trunkeyville, on the west side of the Allegheny, Calvert, Gilchrist & Risley drilled the Venture well in April, 1870, on the Tuttle farm. Fisher Brothers, of Oil City, and O. D. Harrington, of Titusville, bought the well for fifteen-thousand dollars when it touched the third sand. It was eight-hundred feet deep, flowed three-hundred barrels and started the Fagundas field. The day after it began flowing the Fishers, Adnah Neyhart, Grandin Brothers and David Bently paid one-hundred-and-twenty-thousand dollars for the Fagundas farm of one-hundred-and-sixty acres. Mrs. Fagundas, one son and one daughter died within three months of the sale. Neyhart & Grandin bought a half-interest in David Beatty’s farm for ninety-thousand dollars. The Lady Burns well, on the Wilkins farm, finished in June, seconded the Venture. A daily production of three-thousand barrels and a town of twenty-five-hundred population followed quickly. A mile from Fagundas operations on the Hunter, Pearson, Guild and Berry farms brought the suburb of Gillespie into being. The territory lasted and a small yield is obtained to-day. A half-dozen houses, the Venture derrick, Andrews & Co.’s big store and the office in which whole-souled M. Compton—he’s in Pittsburg with the Forest Oil-Company now—labored as secretary of the Producers’ Council, hold the fort on the site of well-nigh-forgotten Fagundas. William H. Calvert, who projected the Venture well, died at Sistersville, West Virginia, on February seventeenth, 1896. He had drilled on Oil Creek and at Pithole, operated in the southern field and was negotiating for a block of lands near Sistersville when a clot of blood on the brain cut short his active life.