The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-18
MINDS TO THE INCH
| I, Pressure Registered by One
ii The New Gushers.
sul BOY STARTED AN OIL FIRE
wax Prevented Any Disaster
W ..,..-pecIaration Of a piM-
VA BY Haywood Company.

rsras October II. Tho mon
1s,lpeA well of the American oil
y go company, which came In Tues
a,u,ed this morning for the pur.
y ,ilorlng the well to clean Itself
N VAS sent through i horizontal
Il cane IN great volume. If Prof
Y ,bo estimates the product VI
" Too susher at 400 barrels per day.
mi well flow he would have
s.s.s 10 multiply his estimate by
!. twenty, for 1t required no expert
inc that the well was doing sew
~. 400 barrels per day. \ pressure
~ paced on the horizontal pipe,
" -snge registered a pressure OF ten
4 sSile the oil was howlng. When
" rslTe was closed the hand on tae
a,rned slowly around until it regis
y ,Te1ty.nlne pounds pressure To cue
y I'm and there II remained. While
ss.sire OF no well In this part of the
". heretofore been tested the test
N American OIL and Refining company
r,s hardly conclusive one, since tle
"a not been allowed to clean Itself
"A vas throwing out considerable
-riles u rock when the valve was
Y II 49,
d, irllng Of the early wells some OF
! we're imperfectly put down. and this
4, since caused trouble to their own
4 al more care IS being observed now
N drilling of wells. Especially was
r,e IN the drilling of the American
M Rednlug cOInpany'S well. Mr.. j
aaAamus, the contractor who drilled
I'm sent the eight-inch casing well
N cap rock, being certain thut Ii
4 Nv cap rock and not one of the strata
al that oYerle the cap rock. \ seven
srenelghth-lnch drill was then sent
4 mi feet into the oil sand. the we'll
/ 1, drlld with only two strings oGocasing
n he, Of twelye-inch and 1882 feet OF
|silnch which extends 10 the bottom
! Be we'll.
|Ia Haywood on company has declared n
n cent dividend While many stock
u concerns have made glittering
saSes Of large dividends. the Haywood
|1Nny Is the first IN the field To declare
fTie1d from actual sales Of oil. Per
b. tF0 or three companies have paid
|fi'lds from the sale of lands or from
II sources, hut the Haywood company
/ sunk its own wells, laid pipe lines and
.aiacel loading racks and ample tank
paying for the improvements as they
s completed, and has from shipments
ii made during the first three months
Is business paid $4,000 in dividends to
/ gatk.ollers The company Is a close
/ shi there mas been none of its stock
! Re market for some time.
4 hs been many times demonstrated
d Beaumont oil will burn, but small
i onducted a demonstration on his own
ouai this afternoon that came near PROV
/ DISASTROUS He applied a match to
u oil 10 a ditch leading from the hin
he Sabine and East Texas track. If
L boy was at all skcptCal as to the burn
1 q the oil, he was entirely convinced,
/ lae rameS started toward the loIdins
ks Of the Citizens Consolidated OH CON.
~ 10 hurry Men rushed to the ire.
Z BY parting the oil on the water sue
|tiei p putting the fire out after II had
|saa several cars and was threatening
4 loating racks,
t9s which happened to be standing in
y Of tAe horizontal pipe OF the Bean
|stDsmon Mound well when it came In
|aiiay was Killed by the gas and
as vBsAhoceed down.
RE BID and asked prices on the Beau
.Ni oil exchange Today yycra nc folIo,y-