The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-16
MFpOUS TEST WELLS
h Be Drilled Outside the Proved
Territory at Beaumont.
|Ul Ans HAVE BEEN DECIDED UPON
II, Least Three Companies-The
Beatty Well Is Expected to
Come In Today.
PLANS HAVE BEEN DECIDED UPO

4,nopt Texas, July 15.-It now ap
a ,s., the land off Spindle Top, which
.sed TO have oil under It, will be
,sblr tested within the course Of
.ortbs. on companies are getting
!, uniting down 1200-foot wells, stop.
"A then wondering II they did not
~ few feet short Of the coveted
test well is already being sunk
a nouthit survey. the driller at the
4 Crude having instructions TO sink
a r,u 70 A depth Of 5000 feet II he
~, strike oh at shallower depth.
veil is about 1900 feet southwest o.
! ncss The Treadway well, north Of
In is also to he n test well, aud now
directors OF the Texas and New or.
a comnapy. the owners OF the Inflated
Vail propoSe sinking a test well on
VT going 10 a depth of 1000 70
ss,ble 1t Is the plan Of the stock
~ Tho company residing here to
H. tnst well on the southwest corner
- tract. which would he about lo,O
Frearer The field than the Kelly wen.
4atine OF the directors and stockholders
BE Texas ana NtW VI aus t,h'l""l
X. beld In this city next Thursday for
4 ernoee 81 voting ON the question of
~ sncb n test well. and as the matter
- nrnttv thoroughly CanvaSScd, the
il stortholders feel that the sinking OF
%ell will be authorized.
~
H. This well will be put down by the
4 and New Orleans oil company, II
brssent plans 60 through, 1t will not
Er,ctlv the enterprise OF that company.
Z other individuals and companies are
4rlhiur to a fund to sink the well. Fol
4 is the agreement that is being
IN "We the undersigned. hereby
i 70 nav into the treasury of the Texas
New orleans Oil company the amount
erposlte our names, for the purpose Of
M well on the property Of said com
4 10 as great depth as possible, the
H. being TO test the field fully for the
In Of all concerned The general opin
that Spindle Top is an upheayal
fthat the main level of the oil bearing
will he discovered at a greater depth
4 has yet been bored
lonld larger amount be suhscrbSd
L necessary for the purpose intended,
subscriber is 10 he refunded his ior
IN the said surplus, and In the event
thould bt found In paying quantities,
fTeS S, and New Orleans OH company
49, itself TO return Ia each subscriber
#ul amount subscribed 10y him.
Mia this agreement has not been gen
a circulated. S7OC0 has already bc'n
Hribed upon Il, rs follows Texas and
Il Orleans oil company, 5000; W. Il
h, $500, Ed Prather, 500; Martlu
4. slOoo
Il well Of the Chicago Crude oil com
d has now reached a depth Of 1900 feet
4 an eIght.lnch pipe. and 1t is believed
tho well can be sunk to depth Of
II Il necessary Contractor Diffey has
Nleted his contract on this we'll, how.
and is not known whether the com
u will order him TO go deeper.
u Confederated oil company, which
BASED the streets and alleys of Gladys
n is making an effort TO arrange mat
50 1t can go to work toward the dc
Rment of It's property. Representatives
BE company claim that they have ar
h matters with the AUDITING property
PRS and that the only thing that is In
h way at present Is the objection Of
srson county. They were informed
BOUNTY Judge @ Brien today that he
agree 10 nothing on the part of thu
~ until the meeting of the commits
Isrs court ueNt Monday.
meeting OF the directors and stock.
Rrs OF the American oil and Refining
Rany was held today in the company's
h In this city. When the meeting was
n It was understood that giving
Sname to the company, raising the CAPT.
patton to 100000 nnd exchanging
HO Of the company's stock for five
or land near the guShers We're 10 he
H1ered' but after the meeting The Post
8spon0ent was Informed that none OF
Il things were considered. The only
"a taken was a decision 10 begin Dor,
~ tne Douthit survey at a point $40
southwest Of Higgins No. /, in the
where, the biz oil fire occurred. The
Hg VIII commence as soon as possible.
w The out of-tOwh directors who at
~ the meeting were A Dumser Of
|3fston.
eailer which was lost in the Tread
4 well two weeks ago has not been re
r. contractor Sturn is fishing for Il,
FtIaiously and hopes to remove it with.
Gay or two.
feport Is again being ludustrlously cir.
IL that the Big Hill well, the PROF
~ the ,Gutrey company, is producer,
~ Wen 5 so far away that the report
be confirmed nor disproged.
~
y 'he well of the Eureka Oil company,
splndle TOP, the drill passed through
u a large vein OF oil at the depth OF
80. The o. was cased of and the
~ Is proceeding.
~
"A well Of the Beatty oil company.
y has been expected in for couple
@y's is still among the things that are
q ont now that the casing is set In the
ocs aind the drill Is nearly through
sSh Is confidently expected TO do
.tess tomorrow.
z Ground Floor oil company. on spin.
fOp' has reached a depth of 100 feet.
oWinE are the closing quotations. o;
beaumont OIL Exchange:
:, ~ and Fuel .,.... so Is
' a5S9t Pet. ana Gas. 60 60 80 81 81