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Texas Oil Ledger: Saturday, April 2, 1921 - Page 1

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   Texas Oil Ledger (Newspaper) - April 2, 1921, Fort Worth, Texas                                PAGES TODAY TEXAS OIL LEDGER AN INDEPENDENT NEWSPAPER PUBLISHED Every Saturday 3 Per Year FORT APRIL 1921 lOc Per Copy 7 ACTIVITIES IN BRECKENRIDGE SHOW SEVERAL COMPLETIONS Several 400Barrel Wells Were Completed Dur ing Week SOUTH BEND FAST COMINGJO FRONT North Stephens Now Looms as Greatest Field Special to the Texai Oil April Activities In the local field contin ued with unabated interest and sev eral good completions were regis tered for the past seven days Increased attention is be ing noted in several wildcat wells in the northern part of the county now drilling at interesting The important completions of the week and review of operations follows The Hart Oil Corporation and the CooperHenderson Oil Company traveled a close race this morning into the oil for estimated produc tion of 400 barrels each on Wolker Caldwcll and Dowllng leases north east of the The to make matters binding are offsets to each They came within half on hour of each follow ing shots were given to Ae aldfce In quantity and they stand out as unusual to say the The Hart was drilled into the sand at They went down fortyfive feet in it and nhot with 90 The CooperHen derson Dowlinsr was drilled into the sand at feet and drilled down forty They shot with forty Both wells were estimated doing around 400 barrels each this with indications not un favorable for Townslte Four of the CooperHenderson Oil Companys the Martin and 7 were each ad ministedel a spring tonic of ten quarts of nitro These pro ducers had all been making in the neighborhood of 100 barrels apiece and with the shots increased their flows to about 200 Their Martin 5 proved to be the most successful well of group and for several minutes after the charge exploded it hit the crown block with a steady Its production is estimated to have been Increasedto around 300 bar rels per Halo and Knight lifted their production on 2 well on the WalkerCaldwell lease of Coop erHenderson on the Immediate southeast side of town from seven tyfive barrels to 300 barrels this wicn the hole was Tills completed drilling of the twentyacre entered the pay at feet drilling twenty feet The sand thin morning wan shot its the result being accepted as satis CooperHenderson Oil Com Norton well to the north and cost of about twelve miles and the BuckleyAllen well near there are all drilling near the lime and great expectations are in the minds of Vari ouo comments are heard on the regarding the probate out come of these The city is still in the limelight with the latest of which is that of the Russell trustee 1 north of the public Thjs was com pleted lost Tuesday for a well of an estimated production of The Harris 1 north of Brcckenridgo was completed Mon day for a well estimated at 800 This well Is twelve miles from the The Rex Oil Companys 3 is promising of a bip completion before the end of the week on the Webb lease north and east ot the Thla well made con Cohttnued on Page 4 Marland Refinery to Delay Completion of ManyNew Wells Special to Texu Oil Oklahoma April Completion of Marland Refining Company tests on the 101 Ranch has been delayed until after the financial according to George Miller the 101 Ranch Company who was horo this Wo expect an oil field to be de veloped on the said but wo are more interested just now in Ever see a thousand baby pigs in one The Millers during the lust twelve months Invested in the highest blooded hogs to bo During March the hog herd in creased 950 and it IH expected that baby pig arrivals will amount to by the end of These are aristocratic said George We feed them whatever they They have a menu longer that that at the Huck Ings Ho a few Items the Identity of which only a scientific farmer would Webb The Zapnta Refin Inar Company hus taken over the fourteen shallow wells in Webb and Zapata SECOND MEXIA GUSHER WELL IS ESTIMATED AT BARRELS Blake Smith Well to a Sen sation FEELING THE EFFECTS OF SPRING WELL IS IN 109 FEET OF OIL SAND Three More Wells to Be Completed Within the Next Few Days Special to the Texas OH April 3loke Smith wtlch proved up the Mexla oil field continues to ncrease Its Tho well has jeen flowing almost without inter ruption ever since despite he fact that a swab hhs been fast ened in the the oil coming up hrough the valve in the When all obstructions wore cleared the oil came out with a good making a good showing of The oil has been turned into storage several of which mve been erected around the well during the last faw This well which has been drilled 109 feet into the sand sets at real forever the rumors that there is no depth to the Wooodblne sands at this Julius geologist of the Humphreys Inter ests and the one who recommended drilling in this says that he well could be drilled 100 feet tarther without any danger what the Woodbine sands are 300 feet in depth in the Mexia The production the Blake Smith well has been variously ca timated by oil men all the way from barrels to barrels per the Humphreys Hexla through their General Manager states a very conservative estimate or the well would be The log of the Blake Smith which proved up this oil is as follows some thin rock and 0 to 85 feet sandy 85 to 125 leet 125 to 182 feet 162 to 170 feet gray sand and rouk 170 to 241 feet sandy gome thin rock 241 to 461 feet gumbo and 461 to 706 feet hard some gas rock 705 to 735 feet sandy Continued on Page 4 New Rigs Are Best Signs of Oil Activity Big Increase in Business Money Conditions Are Much Special U the Teiai Oil April The movement of timbers for new and the activities of rig builders always affords the first and the surest sign of Increasing activities of wide scope and stable character in any oil The post ten days have witnessed a big up In activities of this Kind In the Breckenridge AH rig builders and rig timber yards In the city join in the re port of increased One Boncorn sent out timbers for 14 another sent out timbers for nine another reports timbers for seven On the south side and on the cast and Immedi ately northeast of the there Is proportionate Increase in new drilling All of the business offered is not being taken care If every man wanting a rig wus indeed there would be more stuff moving from the rig building yards of the town than at any previous for the reason that there is greater amount of country under development now than ever said a rig building firm The rig ID compelled to keep within practically the business be ing oicopted is on cash or gilt edge credit Money Tho matter of credit has ened up vbry materially in the last two because the banlw have generally loosened up all over Texas and the Money Is much more readily avaUubnf nmV ut the beginning of both or us and who with to pa up It is the readjustment process Continued on Pago 4 Breckenridge Drilling Corporations Well Is Standing HpccUl to Texai Oil April The Breckenridge Drilling Corporr lions well on block Wordfi firm addition to the town ofBieckfn ridge is standing feet In ol on top of the pay at making a good gas Thr well U beinK drilled production being expected within fifty SPRING MfXS CAME Why the Drop in Price of Crude There has been but very little said newspapers of tills country about the oil situation it really is Perhaps tho press thinks it of no genuine value l tMilixlitdi the renders as la the true status of Standard Oil operaHOILS in price and uguiii it may be that sufficient pres sure has been brought to bear to muzzle the independent iiewHgfithrrinjr agencies aiid news As the matter now stands lie producer of crude nil in tho MidContinent1fields is being robbed to the extent of more than fifteen millions of dollars Tho independent producer of Texas in donating his share of this amount ut the rule of better than The people ol this country SIHIII to consider any amount of money not in the billions us a more Had this same condition existed five years ago the good citizens of these United SijiiUw would bo up in arms and demanding of our chief executives of slate to luinjr tho and failing in thisthey would have taken lie mutter In heir own hands nnd conducted a lynching of their It would have been Impossible to put such a diabolical schiino of thlcvory into cffwt hnd the same spirit prevailed today that cxisUd a few years The taught us to flgurn In millions nnd billions of and it is an evident fact flint toduy we are reaping thcs evil effects of such method of The consumer of refined products iind tho producer of crude oil deliberately hold up In broad open daylight and to this good day there has hcon but little resistance Arc these people who are being robbed going to continue allowing Slumlord Oil to set tho prices that must be paid for for all refined products and for crude oil Jt is a and no one can oVny that supply and demand does not enter into Standards operations In any They set the price and you accept that price an There Is a way to get at these conditions and the people have tho power within themselves to do It effectively and If this Is only started to be put Into with anhonest effort behind it wont take ten days to sec tho Standard calling for cnmrtcr and prices will be come based on Texhoma Starts Second Archer County Test Wichita April With four locations announced and tho Texhoma Oil Refining Com pany started drilling on their sec ond test the interest here In tho wildcat test of tho Texhoma Com pany on the Gose tract of Archer County The well which opened up a new field at feet two weeks continues to flow around 160 barrels of oil dally al though tho hole has never boon cleaned out and the sand Is only drilled In four Tho second Toxhoma test Is feet east of the discovery Twelve hundred feet to the north of the 1 of the Texhoma Com pany Nat Mack Thomas and Waggoner have made a location for their 1 and now constructing a der Between the discovery well and the old Blssionet and tost on tho Parkey rarich Roberta and Hill have mode a The test will be about a mile north a little east of the Toxhoma It will be remembered that I he Blsslonet et test caused con rnderablo excitement several weeks when it obtained an oil show Ing at feet the same depth as tho main producing eand the The was never completed a commercial producer Sue to the breaking In of salt water Tho fourth location that has been is about u half mile 1 orthwest of tho discovery well on i lease owned by Winfrey U No other special developments reported from any of tho proven i fields of this In the xhoma field the Camp Oil Clas impany of Fort Worth have com nted their 3 Dodson a seven Illlon foot The gnfwcr is Ic to be completed in the gas oaof the field In several trouble proving a serious neniico to the gas WalkerCaldwell Company Declares Large Dividend Sperlal to the Texaa Oil April Holders of stock in Walker Caldwell Production Company yes terday received blue slips of paper good for five dollars for each share of stock held In the This ta ten cent on par value of This starting of paying has boon watched for and confidently The immense holdings of the company right in tho heart of the vast oil fields in America and the big numberof producing wells brought in on same during the post several months was assurance that the stock would be come vory WalkorCald well is BOlllne at from to on exchange now and with this startingof dividends whicu are expected to bo continued the stock may expected to got to whore it should Based on tho acres of proven land adjoining Breckenridge on the and tho many wells and drilling operations on it the value of the stock would bo skyhigh If prorated aa per tho ten and twen tyacre blockfl of It In capitalization by Moore Companys Test in Marshall Wise County Is Now in the Oil Producer Class Shows Oil at 800 Feet Oklahoma Tho second test well of the Moore Oil Una Company at Marshall on a sand shownlg oil at about 800 The sand was found under fifty feet of blue This ifl a discovery since tho first 800 feet Koutli of the location of this had a sand at 580 feet thai made oil and The hole wan crooked and could not be drilled deoper than 872 at which drilling was stop The 580foot sand In the ond well was not Timbers are on the ground for a teat to be made by tho Hllbo Oil Company of Iowa Park two miles northeast of tho originalAyleu worth April County sprung into the oil week whon the Mrltlge Oil Associations tost on tho Jlomingor located about seven1 miles dueWest of picked up an oil sand Ut Trie testhas been drilling for over two years and has already passed two Hood oil sands one at and another at Each of thcue two sands according to the bo ten or twolvo barrels The land now gives promise of being asensation for after penetrating it to a depthof only eight Inches the hale is now standing in feetof highgmdc and preparations are now being made to cose off tho remaining 900 feet of open hole after which the well will be thoroughly The find has caused great excite ment to prevail throughout North for it means tho opening of a new field about 100 miles from its nearest production ii withthe good showing recently found In the Cqiiden Oil Clas Com paiiyH well In the weatorn part of County It Is believed that the field lies bet ween these wo crowds visited the well luijt Sunday practically every city town In part of the state and all expressed confluence In the toots ultimate success as a good Acreage in the near vicinity is now being hold at exceptionally hlffh prices some of whlph quoted at an acre for tracts two and throe miles frorn How there are pfenty of buyers is of operators that the dooper the pay tho long tho life of the Companleo are already planning to start tests offsetting tho new Many of these will endeavor to make producers out ot the or EASTLAND TO GET MANY NEW WELLS WITHIN NINETY DAYS Drilling Campaign Will Be Greatly Increased Dur ing Coining Week MANY TESTSARE NEAR PAY SAND Martin South of Eastland Commands Much Attention Special to the Texai Oil April ratlons In this fkld point to a large number of new wells In the very near future and also tend to show that the drilling campaiKn in his section will bo greatly Increased very N6 new wells are reported to have been brought In In this Immediate field during tho nust week but a large number of wells are now down to or Hearing ho sand and are In A considerable number of new rigs are being built and several wells are either spudding or have gotten liast this stage and are now on the beam golnyj down for the Many to Be The ArdizonolJradcn Oil Com panys well on the Klncaid tract about two miles northwest of this which has been a hard luck have fished out tho casing and that were lost In the holu when tho bit was but a few iiKhes rom the nnd will drill In n tho next few This is 4 on the Klncaid This com pany already having three pro ducers on thte When tho well was standing nearly full of oil the well caved badly on tho bit iml the casing dropped causing a nasty fishing in splto of the tools and casing being ost tho well has been making heads regularly and on several occasions him thrown oil ovor the top of tho Kroni this oil men ex pect a much larger well than usu ally found in that Hlther o about barrels has been the argest producer on this It Is expected that this well will be n the 500barrel class or even hot Tho Rust 3 of tho Star State Oil Company in the new shallow west of Eastland about three its now on top of the lime Continued on page 4 Production Is Selling for a Barrel Making Wichi tas Largest Special to the Oil Wichita April Featured by the sale of 175 bar rels dully production for the local crude oil market continues to on an lacouraglng aspect during the last The produc tlqn sale wnuthe largest here since the posted price of crude oil made series of drops was from seven wells in the northwest towrortto pools of the Ilurkburriott the David Petroleum Com pany being the The wells wore sold by Hoy and local Tho payment of premium over the pouted price continued during the week with an InareuHc In the amount of The vary from ton to twentyfive cents with brie small wile re ported the price repre senting a premium over the ported Added tothe above encouraging prospect wus the statement by a local producing firm that tlioy had been offered for bar relfi The price was for spot The Mated that the offer had been members of the firm stating thiit they were holding In expectation larger premium or un increase In the pout ed Local operators are practically unanimous In their statements thai the next few weeks will see at least ono substantial increase In the posted price with a probability that premiums will even then bo paid by the smaller The It Is resembles that of a year and a liulf ago when duo to the congestion in the fields the oil was bootlegged as low us a But at that time with adequate pipe lino facilities premiums became commo T siiite of tlie fact that cruilH In posted price from lu within u fow BARREL WELL COMPLETED ELEVEN MILES FROM HOMES Wild Excitement Reigns at Claiborm Following Blowing In of Smither man et Taylor 2 Well in 14238 Latest Wonder Strike Picks Up Sand at Feet Entirely New Territory Is Opened Up by New Pro Which Is Biggest Sensation Since Eldoradc Discovery Well Came South Bend WeH Makes Barrels Godley Oil Gas Well Picks Up Pay at Special to the Texai Oil South April Flowins at rate of bar rels from the sand of the area of the South liend Tiold of Young County the 1 Graham of the Ooclley Oil Gas Company Is the feature develop ment in that field during the last The well started flowing after being drilled only a few foot n tho Tho completion again indicated he value of tho sand of that section leading to the con clusion that the saml will show in even larger production than tho the depth at which ho majority of the wells have lithorto been brought The importunro of the fund was further emphasized dur ng the week when the 1 Qra lam of the MlclTex Oil Company ncrauscd its flow to around larrcls after it was drilled deeper n tho This well first came n from tho sand two veeks ago blowing itself The veil flowed as high ns bar daily but settled down to 300 wrrels before It wan drilled The well at Its present showing Is as larrfc OB the 2 McCIUskey of the 1anhanillo Refining Com pany which was the first real pro ducer from the New developments reported from the east of the field include lew locations made by the Roxnna iotroleum Company on the Ford Farm a short distance oftho dst lines of the McCluskey tract of the Panhandle Refining Com pany and Pipe Lines Run Barrels During February Special to Tuiai Oil Apuil gathered during the month of Feb ruary by plpo lines operating In Texas according to a statement issued by the oil and gas division of tho Rail road Commission and based on re ports received from tho pipe lino Hrockenrldgo led with tho Hull field In Liberty County was second with while Hurkburnott third with barrels Columbia barrels Uoosn detailed ntatomnnt showing the 11 field or Matlon and total number of barrels gathered from the various oil fields is as follows Field or Totnl County Ktiitlun Heneon Lydlu Tlffln Fort Creek SurntORii Sour LHle Top Hull Iulo llreckenrlilKO Cleur Pork Kambrnuxli llnrrli Hllburn Marnlon Roitoru Wait Ward Holiday Muxey Hcd Svrrlen Special to TexM Oil April excitement reigns at Hayncaville i little town on the Louisiana Northeastern which hat suddenly jumped into the lime light ns the next oil city of tin United This newly gained prominence came this afternooi with the completion of 2 lor of Smithcrman et which came In wltl n flow of barrels high grav ity The well is located ir Claibornc fifteen miles northwest of Homer anj thirteen miles due north of producing district in the Homci The location ig two and onehalf miles from Tho latent wonder strike was mudi at First indica tions that tho well would bo a pro Jucer come Tuesday afternoon ut oclock when tho wellblew mud and oil fifty feet over tho top of tho derrick as tho drillers engaged In removing the drill stem preparatory to After blowing for ten with the oil col umn constantly Increasing the wel1 was closed Liner was set Wednesday and jailing opcratioiiH laito Wednosdlay afternoon tho oil pour id In a great stream from the The strike is tho mcxst sensational sinco the Eldorado It opem up entirely now Sam ples of the oil taken Monday night est about 35 degrees Baumo grav PANHANDLE UKKI TEST Special to Texan Oil April Wild Ike well of the Chlldrosn Duluth five aiUm north of has been drilled to It will bo What an the Kxaox on tho Smith ranch near lied hasbeen drilled to about lOlcclru Kiuitcur Total TANK OAK DKIUIUU BpecUl la the Texai Oil April A kirullcil tank car u mile below Parks delayed north and south bound Cisco Northeastern trains five hours yesterday The tanker was croiwwuyH of the truck and proved difficult of SOUTH BOSQUF FIELD GETS TIC COMPLETIONS DURING WEEK Shallow Wells Produce Around Ten BarreU Daily Special to the Texai Oil April week has seen three The Iowtill well on the Stevenson south of Hal Ihv Iyron woll on the Uadgor Muurr fiveeighths of a mile of Hal Those wells eneli show for ton bar They aru both In the limits of tho proved area and do not open up anything Tho third completion Is tho Vin contToyah well at South Tiosquo This well looks Rood for seven to eight Of interest to producers horo is the drilling of a deep test about onehalf mile west of Bosquo sta Thifi well has been financed by Spurtln and associates and tho text is now 300 H IH not generally known that Rollroso Brothcrx In tho oil field found 8 font of real oil sand at This wind is bolow tho Trinity water sand feet and wan encountered by tho Ilollroso v HrothorM In drilling for deeper They woro reduced to u fourinch hole at tho time of ntrlklng thlH sand and woro unable to HUccoMsfully case off tho water and make a Tho wan full ot which showed strong under the flow of water corning from the Trinity Several nion who saw estimated It ill 60 Tho iiucu tost Is to dem onstrate tho value of this Tho plpo lino which Is to Rather all tho oil of the lionquo field is about liarrlnK the lay ing of It ought to be by the ond of thin Thu local reflnlnit company is hauling material for their topping plant on the Cotton Hull or youth Hosqun station Thoy an nounce that the work will lio pushed Tho Komhuvnl Stroud Pradur luff Company IB clcanlni out all its wollH and Betting rcudy for the plpu Oklahoma Wildcat Finds Shallow Pay Sand at 400 Feet Hixxlal u Teiaa Oil I April foot of snnil fontiilnoU mifflHrnt KIIM to throw mud upon the rotary tablu was found at 400 to 410 fmt ruetmlly In tho teat of the Illmint Development Com pany in A two fmil thick showing gas found at L0 Arnold Ilobertson arc Jjdll hih in 284nJ at 150 feet in ScovilM am buying ut in crease Muny oil operutoiH are visiting thin   

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