well that set off this speculative flurry belonged to the Calgary Petroleum
Products Company, an enterprise formed by W.S. Herron, William Elder and A.W.
Dingman. Named Dingman No. 1 after the partner in charge of drilling, the well
produced natural gas dripping with gas liquids.
The Dingman well
and its successors were really "wet" natural gas wells rather than
true oil wells. The high expectations raised by the initial discovery gave way
to disappointment within a few years. Relatively small volumes of liquids flowed
from the successful wells.