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Texas Oil Gazette: Monday, August 9, 1920 - Page 1

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   Texas Oil Gazette (Newspaper) - August 9, 1920, Fort Worth, Texas                                ft VERTISI H ii s if L I f TE PAYS JS N TH BECAUS LiEVEmrr OF READERS INDEPENDENT NEWSPAPER PUBLISHED WE IN INTEREST OF THE OIL INDUSTRY 2 22 FORT 1920 r i J1 if i i THE OF THIS INT NEWS STRICTL PER 5c r I V NZAIESIWELL SMAKIJ1G9 HOW THEY ACT PHEN NTY THREE PICTURES SHOW PEEKS THE LOUISIANASTEPHEN COMPANY AT VARIOUS STAGES OF COMPLETION SANDS WICHITA N TO BE DEVELOPED Quit Holds Palm As Worlds Largest Producer of Oil SPECTACULAR PRODUCER SPAT OIL ON PASSERSBY ON CITY SOUTHWEST MAGNOLIA GETS 450BARREH OX AIcCAULEY TRACT FIVE MILES FROM f m y t L t t r Th 1 v I r I t r V f iI S V 1 I tetho city of Breckenridge the center of the stage for big wells this although good producers were brought In all over Stephens In the heart of this right In front of the that houses the chamber well came in making a mild flow of It was a good but so accus tomed havs of Stephens coun ty become tomighty gushers that lit tle attention was paid to Then it began to Increase its apparently determined to attract at It is now making bar rels of oil a Not all of this oil ttt being So great Is the force of the flow from tho pipes that much of It sloshes over tho rim of the great tunsk and runs off along the Tho well now b lets fair to rival the famous Stoker 2 well of the Gulf Production company southwest of And the territory southwest of here came into considerable prominence this week when the Magnolia com pany got a good well on its McCauley five miles south and a little The well was feet It Is understood the MidAmeri can Oil and Refining company of Fort Worth is making to develop its 50acre Is right near tho McCauley The Gaddls well on the Janes tract In south Breckenridge is ing about 500 barrels of oil a It ia expected the Sinclair well on the Rogers a mile northeast of will bo in Refused Fortune For Interest In Monster Well Com Completed ORTII Record Time AY FOUND AT FEET 13LECTKA ATTRACTS ATTENTION PRD4UGTION STAYS UP AS HIGH AS 500 BARRELS A DAY OBTAINED HIGHLY PROFITABLE Of THE RL m IDCflT LEIS SHOWING OF OIL OBTAINED F1KES ARE BY I They are telling this one on the streets of Breckenrldge today Backers of tho Gonzalos now flowing barrels a day in the downtown district of were at one time a little hard pressed for ready money to drill their They scouted for people with money to put into the A tool dresser who had been working on the well decided to shoot his It was a pure but the going was hard and the well didnt i look very After the well came In and In creased its flow to around bar rels certain parties here are said to have offered to go to the get in load It in anautqmo i title and pile U on the floor of the derrick for his interest in tho The tool dresser Special to the boiler of tho BellReeves rig was1 moved show the 1 well of te XiuiBianaStephens Oil company at different ntages of well Is at the edge of the townslte of The lower left hand picture shows a thin stream of oil coming through the liner Just after the drill found the pay FINDS LKASKS AXD Qlli PAYING BETTKK THAN POLITICS back 100 feet from the well after The upper left hand picture was lighted lantern had Ignited gas es caping from the and the rig was expected to be in shape for drill ing again by Some oil showed in the hole when the bailer was but the gas taken after tho natural flow had in creased to such an extent that It blew out the The oil obscures sight of the liner being forced out of the The Urge picture on the right shows Special to the ernor who has turned almost entirely from politics to now stands to make a fortune out of ft wildcat lease ho bought several months ago in Young The former governor of Texas made his purohaso at a time when there were no outward manifestations of oil Special to the WICHITA 6 Now that tho temperature of oil ope rators In Wichita county has had time to cool off slightly and the need for more oil than deep tests in the various fields In this can give a rather complete devolopmcntof the shallow sanda of this field Is under way and promises great profit to the men who aro doing the This pay level is found In various parts of the county at a depth of about feet or Tho main location wells of this depth has been In tho vicinity of tho BurkCameron test northeast of Electra but the same sort of sand Is picked up This Is reported to have given lent Indications of highly profitable production although heretofore all in tests In this section have been carried down to tho deeper Highly Much of this shallow 1ms proved eaually as profitable as some of the best of tho regular de aa tho cost of sinking those which range from 105 to and la way below that for drilling for the regular Production In some ot those shallow wells ts surprisingly some of them having a flush the ToxhomaSouth Burkburnett aa high as GOO barrels per An Important Instance of this shal low development Is shown by A re cent completion by tho Danclger Oil and Refining company on their 40 aore Burnett the 1 belngn This new teat Is aomo distance from the nearest being the pro ducers from the Overland Petroleum which are producing from the Danclger people are now going tho Dander people are njjjsr going down to the Oust The profitable nature of op orations may be comprehended when It is remembered that the coat of sink Ing these tests Is negligible aa ojKtoats that tho operation amoutits to practically and that the wella go on producing year after go Ing off practically nothing from their flush With oil In high demand at per the profit Is What these operations mean In the aggregate may be seen from the fact that operations of this kind furnlsn Although the Standard OH company has long held the palm for being tho largest refiner of crude oil In tho the Gulf Oil corporation Is shown by re cent statistics to bo tho largest producer of crude oil In the Its dally average pro duction is between and 000 barrels or more than the en tire dally total of the Burkbur nott or county Such production means a gross Income of around a day and is the principal reason why Gulf Productionstock IB exceed ingly difficult to Practically all of Gulfs production Is In Okla homa and northern al though It has a few good wells In tho Gulf coastal fields of and also Homo extensive produc tion in STEPHENSUII ENTIRE STftTE DUGTION AU AT UY NEWISH SUITES TOTIL IS SOUTH KRN HAM1 OF NORTH TKXAS F1K1T K IGTIIE JFIER 24PRK LEASK HUYINO OLDEST SHALLOW FIELD JN T13XAS THIfl bipedal to the looks liko the oil field hero is never going to give About 24 years ago the first oil was found here In shal low Then the Splmlletop came In and caused the greatest rush In his tory prior to Splndlctop wiiH twenty But tho shal low wells aro still making New wells are being drilled and loaae prlcoa aro going steadily higher as tho niatul grows more and more intense for shallow Among the late visitors to tho field waa Frederick Cook of North Pole who Is now piloting tho Texas Eagle OH fa or rather well explorer bought up a number of leases ond de clared pleased with Graves drilling aro Installing drilling machinery on the West three mllea north of near Briar A derrick has been built and tho con tractors expect to begin drilling a well for the Texas Oil corporation of Dallas tills Tho Magnolia Petroleum company la drilling n well on the Goodnight about three miles northeast of this with a rotary A depth of about feet has been Gas pressure In tho Terrell Produc tion companys six miles south of blew a hole In the cas has been capped The Corslcnna Oil and Unfitting company continues tho work of clean Far the first time In the history of Texas oil tho avornuo dally production tho famous Burkburnett field been Tho new leader s Stephens Production figures for the Inst week glvo Stephens county bar rels dally average production oC while Burkburnoita was Tak ing the entire county In which tho Burkburnett field Is and its production as a whole Is or than that of Stephens but Burklmrnetts star Is dimmed by tho rising of a now above figures show a slight de cline for Burkburnett over the pre vious week and a gain of about barrels for It Is a new peak for tho latter dlstrlc but Us production hna boon climbing Rtendily for so now re oiM3 havo been made and broken each Total dally production In tho north central Texas flcldn WUB rably higher this attaining a dally to tal of barrels run through tho pipe Gulf coast production was and brought the ontlro total for the state up to around tho barrel Tho total tlally oil run for north central Texas for tho week for OC this bar rels comes from tho southern half 6C the while tho comes from tho northern parC princi pally Wichita Tho dally averi ago last week was Production Itguroa In the various fields of north central Toxaa were follows last weeki Stephens Iowa Strawn Young 655 Po 350 Brown 275 Holll 176 150 L I V Fort Worth i Has Showing in Red River Parish pressurewas so stroris that tho fires the big well making 500 nat v p i harm Get Big Gas Flow at Feet Down In Leeray Townsite r STEPHENS Thorpe 2 well of the Sinclair company Is making feet ot dry Boa at the least depth at which any gas has been found In this The ia located right near the Leeray post office in the center of At the western edge of Leeray townslte 1 well of the ArdlzEonneBraden company Is re potted showing oil at ten feet in the feet J H Producing Level May Exist At Nacogdoches TI L Indications are that a new producing horizon has been fourrd in Nacog doches county In addition to the shal low that has been producing oil for so many To the north of present proven the Barrett test of the Carolina OH company has found a sand at feet and at 22 feet In wellla filled up with Is 14 miles east ofNacog WeHs In theshallow field producing from 276 to 300 Set for many and thlsTnesy well indicate that the oil found at shallow depth is coming from Immediately and the not been lowered drill working In a hard gray limestonewhen the gas and oil were haying passed from a softer black This well U on section block A railway and the deepest in the Bell X vice president and general manager of the Dominion Oil is here for several days Idoking after companys three wells in the local The Soda lake wellin Ward county haa com pleted its underreamlng job at feet and U The River well was to complete its under reaming Job Saturday and to the water is shut off as Prolonged pumping tests of the Ab ner Davis well in block have justified the belief that U will prove to be seven to tenbarrel As this well produces the Toyah lubricating for which offers as as per barrel have been local oil men figure the value the well as equal to one producing from to barrels of ordinary crude per M Georgia Oil Company Drilling in Mississippi MOSS Georgia Oil has commenced drilling operations on its acreage In section six miles north of Moss formerly of 19 president of the company and the stockholders are chiefly The company is a closed across the river from Moss Point the Sea Coast Oil company has Its rig up and is about to commence Worth of New has secured leases around miles of Thrall Yields 450 there Is only a dally production about 150 barrels of oil from the ThraUxflold in Wililamson tljls amount of which is pumped regu ural without a shot having leon put off in This the first well In the vicinity of Breokenrldge to come in without ffos pressure or Ten th well came In the directors hetd a meeting and voted a dividend t per cent for July to stockholders of record 5 and an extra dividend on 1 to HtoelchoH ers of record tho same The ex tra divldcend will be from live to ten per It la not believed 60 have been East Interested 1 In Texas Oil Davidor Reports The east arid north has not lost any of its faith in Texas and accord ing to Arthur president of the Southern Consolidated Petroleum has Just returned from an extensive trip to sections of the Davidor visited New Chicago and Money he are more or less although the Improvement over tho situation of 60 days ago Is There Is a strong demand among eastern and northern investors for proven leases and lie and they are looking upon shallow fields with considerable inter Their investments In Texas oil for the balance of the year may bo somewhat but from all indications I look for largo eastern capital to come to Texas this fall with greater activity than ever He has Just closed a deal with two different companies to drill up about 100 acres 6fhla land near tho Mc Claskey the sensational producer that came in a few weeks ago ten milessouth of Graham and a much greater distance from any production of Colqultt receives In cash and onefourth of all the oil that may over be mado from Us Tho wells are to bo started within sixty Colqultt and associates also closed a deal with Clark of Wichita Falls for two wells on the Jameu Bolton survey and three walls on the Hhoten Thia lond is about a half mile northwest of the McCluakoy well and will be the first teat to be put down in that direction Drilling of those wells la to within tho next sixty days probably from to barrolfl out shallow wells and report that production has been considerably Increased by this Jay Thompson of Collln leased tho old fair cast from Jack Hays and will begin drilling opera tions on tho lease at Tho land is in the midst of proven shallow ter Eliasville Will Have First Well In Fifteen Days Pay 13Ui Monthly president of tho Man hattanTexas Petroleum an nounces payment of Us 13th monthly dividend of two per com pany has Just leased acres In Jefferson and Is now erecting a Drilling ma chinery will be shipped Coastal Operators Cheered by News Big Mexican Well Just received that the TuxaH company has brought In a well in Old Mexico Is always doing 4 that very sort of and It When wells start a total of J of UOWB thirty wells will be drilling in inoi w south Bend region of Young Standard Oil Gets Well From Homer Field to tho of the largest completions in tho Ho mer field in many weeks was report ed fromsection The well is making It is owned by the Standard Oil com Maramec Oil Leases Advancing in Price vances of from to J300 an acre for oil leases near here within the last week or so indicate that the peace of this village Is soon to be disturbed by drilling of oil A wildcat mllea aotith of the larly from a number of shallow pool started the Frank la sufficient to warrant one condena Ing plant and one small has been estimated aa high I Thrall ta only afeout900 6Kto 75 barrels a It all of whom make their Uv een but is now or indirectly from this lit J Bj f n L h Buttram of Oklahoma offerel cash of and la oil for his 40aoro Sulli van of Wichita Falls has paid for the decrepit eight t m J r REAL OILJMAP FREE mup Hhows the oil ftolds of Texas and UrtlHiiB In several uhowinw ffooloKlcal and re tatta for By for tho Texas Oil Otuotte for ono your at Uio ruicular subscription lrlco of par year and unclosing tlila notice you will bo pontago ono of Uioso excollent mnpa AdUrtiBH your letter to Texas Oil Fort INFORMATION n n The Texan OH Gazette maintains an Information which endeavora to give to IU regular for tho asking an unbiased apodal report on any oil Icuue or Bona your iubscrlptlon now and avftll your of hotel A ith coastal acreage tho umml saUdumo formation common to all coastal fields and whore production has boon fount from Louisiana to and Just last week a 600barrcl wildcat gush er on the same formation In the state of Florida is attracting considerable Tho Florida well was tho rankest of wildcats and now proves the contention of Bensonod operators that Florida will furnish tho next sensational new oil Officials of the Baker Drilling company of this city are very hopeful and declare they rtre afjer just Buch a well on the saltdome structure of Stand ard Oil IntorofltH nrn now operating extensively In Florida and muny more are expected to to the now field within the next fow Two more producers aro prodlctod within the next 80 town of Eliasvlllo Is to have its first completed well within the next 16 The Hill in tho is about completed and will bo drilled In before that drlllora The tools wore lost In this well about two weeks but thoy wore fished out after removing tho Casing1 has been reset and drilling la now under wuy In full The Sllnson well Just across the river from tho town is also expected to be drilled In at about the same r Shallow Sand Near Vernon Passed Up Special to the Hoard Oil and Gas company of kort has encountered a very high frnvlty of oil at feet In their Jackson 1 located on tlm southeast quarter of the northeast quarter of section In Red River the elevation of this woll running about 40 degnuw higher than tho Vala will brlim thUt sand to a buHla of A string of 4iinoh caslnff IH now being set to test the From the nliowing made on tho ditch whou the drill penetrated thin formation It has all the appearance of making u good This well now extends tho pool about ono mile east of Hed practically proving all acreage in tlons 88 and and the territory ly ing parallel with the fault divid ing the Horn district and tho deep sand district on the The lied River Coushatta Oil pany of has mndu a cation in the center of section 10 and will begin drilling at They have also mado another location Just west of the Hoard well In neottottj 28 and will drill both wells as HOO aa u a great deal of activity In this section of tho pool time and u number of new tlons have been More Good Wells V KTt New Oil Refinery Is About Completed Caddo Central Oil and Refining com pany almost completed their npw refinery at Cedar This Is an addition to the companys refinery in the same now milking barrels of oil It Is that the new plant will have a daily capacity of barrels Churchill Oil drilling twen ty miles north of Vernon on the John HonHensloy Is reported to havo struck a good sand at a depth of 375 tho which was throe feet has been paused up In favor of what might lie There was a strong gau show ingand oil covered the slush Tho Churchill company hasboon drilling Hlhco July Tho hole IH be ing put down i tho old Red River Tho organization IH contemplating establlHhlng a Hpudder for tho shallow and using tho oil thus obtained for fuel A rotary drill Is used and procedure has been somuwhat slow owing to the character of ho stratum f L Reported From Sipe Springs Fiel A Doop Well of tho deepest wells In Texas just been abandoned near as It was the Lawrence I Trana continental an4 company and weHj 8IPK sr HI NCI Two morn good wera from tho Blpo pool this Both aro on tho southwestern edge o tho Cirlnstond Evans broui In their 0 well on the Turn Itmao for about 50 barrels at 432 while the Dowoy Oil company gr Turnbow 8 at 380 The number of completions was re from various other parts of llv principally to the Until lliose wells are put Hue It has not boon the CUrtflWrtii port them anil thu mainly Independents and srutrli cqra panics It Is very difficult to quate track of ho It Is veryevident that i large number of completlo field because of the Of and will bo completed about was finally abandoned lit I V t i i up and every new much more QUtp i h 1 I V tk ifj 1   

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