The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-08
TIE OIL FIELD is ALL RIGHT !
a NEW YORKER or EXPERIENCE
HAS SOMETHING no SAY.
rrhc Lucas Well Was Flowing Thir-
~ Thousand barrels Day
when. II was Shut on.

Beaumont. TeVss. February f.--aNmony
The mere nromlnen, ell invcalors who are
IN Inc city with view cf taking an in
torcst in the development Of this oil
hell is Mr. n y. Van Amolrga o, New
YCds. Mr.. Van Amburga represents
powerful syndicate of Wall stree. can
ital,sts mao arc Interested in mining all
over tie country, re was here few
days after the iJu.as strike WAS madc,
bus like many Others, nc soon found IL
WAS inspos s1ble TO 0anSsOt business al
p6at sime so he retired for the time be-
ing tc let the situation slit itself out He
stood 4tem under" as 1t were, until he
saw an olpo.tany.y to d. business. then
he ioOcrned, ae rea he'd the city Tues
gay morning AMI has oeen actively par
G,-paurg "A sleAe Rage Icais tor leases
and tnlnN5 Inc opportunity ior lnvuuns
nere u excellent.
Mr. Van Amburgh is a gentleman OF
wide experience IN su,h eN.idng places
as this, as II has been ais duty auI
pcssJo.y pleasure, 30 DC the INST OUT
siaor 10 reach places where minerals, CHS
ana meats are discovered, lie partici-
patcd IN she gold excitement at Cripple
Greek. colo, several years ago and spent
lew years there invecAng in the ne!d
for his Arm.
Speaking OF the situation here Mir. Van
AmpuIgn said he could say little more
thsn wnat hsd alfeaGy Seen said ABOUT
the hcld H. was tertanly the biggest OIL
well ever stuck la he United states.
and whether anything comes OF it or not
that fact will always remain.
Il find here saii Nj Van Amburgh.
the same Influences and sondNions that
81
the United States Just ps so1n as ii new
field of oil Is struck the frs, investor on
TIRE ground tries o discourage the big
rush from the outside. and he uses ali
sorts Of devices for Mss purpose. lie
deiTccates the value CT the oil, doubts
whether tho hcif will DC Of sufficient
value IN just fy DEVELOPMENT, regrets the
absence OF arumcn IN the people who own
the land btcluse taey wtll no. l-ase, re-
potts hat land IS so hiel IL can not be
purchased ana tine people so peeuliar thsy
viii not lease In aqct, nc qucers the
field in every possible way until he has
secured all the business be can handle
These conditions have been present acre
ana those who are not accustomed 10 the
excitement wonder AZ the great variety
Of reports concerning the field As for
me, l Jaw the Waite OF this OIL TO the
country. but ! likewise saw THAT 1t would
be useless TO try 10 do business In a
business way so Ions as the surface eX-
citcmen and witness continued. Now,
however, ! think tse situation is tree
from many C the disturbing influences.
ana | do not have much difficulty II
/ transao;irg business
[ Mr. Van Amhu; 9Th is close after some
very valuable hnds, which, II secured.
will be developed In an extensive man
ner.
I CAPACITY or THE GBYsER.
4,
first spouted ekyward from the Lucas
eeyFer END yet there bus been no definite
announcement CT the derga or the ca.
pacity Ct tho we'll. THE Post correspond.
en-, has made various efforts to obtain
this very important information, but the
facts were In possession OF none other
than the owners II the well and theil
employees, and they were not inclined To
give them to The publ!c 3.
There has been comfortable GUESSING
on tnese points. especially with reference
to the capacity Of the well. There were
th1se who hgurei Urat not less than 80.
COO barrels CT oil were sporting from the
geyser daily, while some Of the expert.
c1utended that the output was nct more
than 10000 ba; rels. wAilc others placed
It as low as 5000 barrels Captain
Fletcher it will be remembered, made a
calculation Which resulted in his decl,,r-
ing that he would be satisfied II he
owned all over 10000 barrels Of oil thll
flowed out OF the we'll daily. The Pos
correspondent at the time expressed tac
opinion tAat Captain I'letcher's estimate
wRs decidedly conservative
1t has now been learned that the out
Tut of the well is not less than $4,000
barrels OF Gil per day. Az times the Ui
came. cut at the rate OF 10000 barrels
per day, and when the shut-om valve waa
closed i was flowing the latter quantity
This information does not come to Tho
Post correspondent from either the own
ers Of the well or lts employees. but Is
direct. AZ least it is the capacity showT
by tine pressure gauge which was placed
en- the wen wlen the closing valve wai
fixed. II oin also be- stated specifically
that the well IS 1900 Feet deep.