Indianapolis (IN) News, March 26, 1914, p. 18. PROSPECTING FOR OIL Company Formed to Sink Wells in Orange County Paoli, Ind., March 26-Paoli and this part of Orange County are in the midst of an oil excitement. Its citizens have for some time believed from geological signs that there is oil underlying the fruit-covered hills south, east and west of Paoli. Will W. Lingle has organized a company and has leased about 6,000 acres of land for oil experimentation purposes. Ft. Wayne oil men, who were early in the big Illinois field, have contracted to sink the first well. They are to use a 12-inch bit and go as deep as 2,000 feet if necessary. Work will begin early in April.