The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-29
SOUR LAKE DEVELOPMENT
MEETING OF SOUR LAKE SPRINGS
COMPANY DIRECTORS,
proving the Property-The Guffey
Well at Sour Lake.

six months ago the Sour Lake Springs
company was practically a defunct lnstitu-
ton and its property was on the verge
of foreclosure proceedings
Then came the Lucas gusher and today
the stock of this company is away above
psr and none of It on the market It's obli-
cations have been provided for and it's
holdings have increased tenfold in value.
The directors of the company held
meeting in this city yesterday. They dis
cussed the proposition Of starting at once
to improve the property by putting Il In
frst-class condition by system OF sew
GRACE, etc. and equpplDg II with all the
modern Improvements OF hrst-class health
resort.
Nor will their efforts be relaxed until
the place has railroad connection. either
with Sour Lake station or Beanmont
1t was also decided at Yesterdays meet
ing that the company would undertake to
run the hotel rather than lease it. While
they appreciate the fact that they might
make more money on tho lease system. yet
they feel that more satisfactory results
would accrue from thelr personal manage
ment Of the property
~
A report Of the Guffey well at Sour Lake.
about which thcre have been so many con.
flictng statements. was submitted to the
directory by one Of the members Just re.
turned from an inspection Of the property.
This report is substantially as follows:
THE Guney well. which recently struck
oil at Sour Lake, IS being bored on the
Browne tract, Immediately adjoining the
Sour Lake tract on the north and near
the north line When between 800 and 40
feet down this well struck vein Of lubr.
catlhg oil. practically the same Ia quality
as that previously struck on the SOw Lak"
tract II Was cstimhaied that the ven
would pump from fifteen 70 nifty barrels
tween 800 and $50 feet they struck another
vein of ubrlcatipg oil Of exceptionally lne
quality. This was an oil hearing sand
vein about fourteen feet thieS IL was
would pump from $50 10 200 barrels per
day. hnt the vein was passed. knowing
that II could again be reached at any
down till II has now reached dcpth OF
| 100 feet and the projectors fully expect
to bring In a gushcr within another week.
Since the announcement that a now or
! OH had been struck Mt the Guney & Galley
| wen at Sour Lake Springs last week, there
! have been all sorts OF reports regarding the
1 well and its producing capacity az tho depth
where the oil stratum was encountered,
| The reports have been nc such variance IN
their character that IT has been extremely
difficult TO get u hlhttmtut OF me situation
| which could he regarded as reliable. People
returning from the Springs have been hard
| 20 locate, and an account ~ there being up
20 yesterday no telegraph service al the
| Springs accurate reports have been dim
| cult To obtain.
A representative OF The Post called on
| Mr. f. A. IIelbig, an accountant located
4 over the Planters anj Mechanics National
! bank, yesterday. and had a talk with him
| 10 regard TO the well. Mr.. Helbig Is secTe
! iary OF the Hannah oil company, and he
| makes the trip out 10 Sour Lake Springs
| once every week Mr. Helbig said.
'''rhe Gnffey Galley well at Sour Lake
| Springs about which there have been so
| many reports current OF iste, Is situsred
| about quarter OF a mile northwest OF the
| springs proper, and is on the same league