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1 field is like a ■ it’s biggest on orn.idualilvzed the area I believe I am him correctly s not expect a development letop’s gusher, le drilled will There will be as winners.. not be one big3ecknination.” “but it must free medical. “After the ate among the 1 saved $550 in \ over there I hadn’t even l the corner ip, the educa-d me what to problem and le end of the rokes off mya newspaper say anythingaspirins andly?” he said, charged meIn city“I suppose every acre in Webb County could be leased if the owner desired,” Killam said. “ A few years ago, if someone liked an area he would give 20 or 25 cents an acre for the right to drill. Some drilling rights are going for $100 an acre now.”Wells have been drilled right up to the Laredo city limit line. And a group is now leasing drilling rights in the city.And Laredo has no drilling ordinance.“There’s plenty of argument but I’m sure we willdamental optimism on the tunity. potential of the area.“There is gas and oilpossibility over a wide area.This size is important,” he said. “ There are two and a half million acres in Webb County, a million and a half acres in Zapata and some promising acreage in Jim Hogg County.Wilcox“There are three separate plays—three distinct areas.“All we have been getting so far is gas out of the Wilcox sand. But I believe the future is extremely bright, not only out of the Wilcox but deeper — as deep as we are capable of drilling.”The South Laredo gas field does not stop at the Rio Grande. The find was made in Mexico.Mexico was able to drill four or five wells before the news leaked out. Mexico has drilled about 20 wells. About 100 have been drilled in the Laredo-Zapata area.Killam sees significance in the widespread interest in i this area by oilmen.
Newspaper Details
San Antonio Express
San Antonio, Texas, US
Fri, Aug 08, 1975
Page 15
Full Page
Clipped by
Texas A.
TX, USA 25 Nov 2023
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