The small oil town of Taft was built on petroleum -- and is now hoping for a second boom from the Monterey Shale.
In a story on Sunday's front page, The Times wrote about the shale that runs miles underground through Southern and Central California. Oil companies are already drilling exploratory wells.
Oil trapped in deep rock deposits in the Monterey is estimated at 15 billion barrels. That's four times the amount of oil in North Dakota's Bakken Shale, which has fueled a boom that's driven that state's unemployment rate to 3.3%, the nation's lowest.
Efforts to drill in the Monterey have picked up steam in recent years as methods such as horizontal drilling and hydraulic fracturing, known as fracking, have unlocked shale formations in other states.