The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-23
[FNTH SpINDLETOP WELL.
|.ysoed No. 2 Is Ready TO Come In
When Larger Pipe Gets Down.
Drpru OF THE KELLY WELL ANNOUNCED
,,,.c,ors Say They VIII Keep on Going
llo,ii They Get Oil or Can
Go No Deeper.

,, Texas. May 22.-Heywood
ns ~ . SITUATED on spindle Top Heights
Nen w., o,ghty feet from the Beatty gusher,
w. practically in. though some more
ma utu he done In an effort to get
| a', olpe through the cap 'rock and
l'u 40 oil strata. A large quantity of
KY ~ .aron coming from this well late yes
~ ,fternoon and today the flow WIS
teruas I'd 'Thr well could have been FIN.
lncl II today with "A small pipe, but the
isn n,racfoi.s are seeking to get'a larger pipe
mo the oil, hoping Tor arL niggeiT now WheI
VS. ,sril located as it Is In Spindle Top
,aii93,hts will cause no excitement whatever.
lost some information of definite
asoetcr has been given out regarding the
.sn,h NJ the Kelly well and the plans of
my Texas and New orleans OIL company,
II. ow,ers. regarding what they intend do
~ In tho PREMISES. directors meeting
.ns hold this attcrr con which was attend
INV several stockholders of the company
IThe lrlller reported to the 'oeetlng tll1t lne
AN 1, now 1850 feet deep. This Is about
IA fee, dperer than the deepest producing
,scli il, fine field However, there Is 4
,h,nrr held by many Gil men that the oil
~ Xiii The directors of the Texas AID
W, nrleaTs company decided at tn, meet
~ NV Md this afternoon to continue the
lerlns Indefinitely, OF Until a depth of 5000
a., shau have been reached, If II Is pos
.bIe 10 % that deep. Judge Thomas
Wrst spcokiug for the company, tod 4
I'osi reporter this afternoon that the dl-
rtctors bad arrived At such conclusion
sfler comforting VIII on SNpe'sS
Iodge West, with a smile. unless we strike
oil before we reach the seat OF wan on IN"
oiher side: bat We hope for the lattcr con
tIngency, since the symptoms now APP
near TO be q cd.
This disposes of the question as to the
Kelly wells depth. and also Of the COM
rany's Intentions regarding it, and viii no
those who have been seeking Information
on these points.
The Texas and Pacific well Is now at
tractlng great deal Of attention by reason
Of the promise it gives Of becoming a
cufher. The well is discharging an in.
creased quantity Of oil as the drill goes
further down, and there is strong ndor
n petrolenm about the we'll. The drilling
was stopped for about twcnty-four hours
and new drill point was substituted Tor
the old one, Work was resumed today ann
the drill Is going steadily downward. The
well Is situated little more than half was
from the. srity to the Lucas vol and Is
not far HNm n direct line from Beaumont
TO the Lucas snouter The bringing in OF
thp Texas and Pacific would show that tho
field extends toward the city and. rs ou
man put IT, people will he boring in the
hack yards of their residence lots If the
Texas and Pacific should prove glshcr.
\ y \
When asked about the emission Of his
rame from among the directors of the ]
NJ GrGy Petroleum company, Mr.. j. H.
Galley said TO a Post reporter: In incor
ptTSting a company uEdcr the laws OF
Texas majority of the directors must II,
residents of the State and ! allowed my
name dropped for the substitution of 2
Teas gentleman"
Following are the quotations OF the Beau
mont I'll exchange:
Bid. Asked
The Beau Petro and Gas Co 81 e.