The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-01

pond already referred to, carried with it
considerable quantities Of oil.
The drill has encountered very little gas
so far. on one occasion about ton days |
ago, pocket Of strength sufficient to
throw mud, water, oil and sand to a height
of some fifteen feet above the derrick was
struck but this is the only one Of any con.
sequence so far
The object Of the drlllers now Is to go to
q depth of 1000 or 1900 feet In search of a
! gusher. Experts are confident thcy will
! be successful. OF course the two veins of
oil already struck viii be cased or but In
| the event that Il gusher is not brought in
! II viii be a comparatively easy matter to
drll new wells to the required depth ana
again pick up these veins
1t is estimated by experienced men who
have seen IT that the grade Of lubricatlng
| oil found at a depth OF 800 feet is worth
an average price OF So per barrel by
| figuring the output at 300 barrels per day
an amount considered a fair average Of the
| gucsscs made by those who have seen the
| oi--b will he observed that the daily 1ow
will be worth ST5O0. which. 1t must be con
coded, is almost, II not quite, as good as
gusher producing fuel oil worth only 30
cents per barrel These figures, of course,
are largely Hypothetical, but they viii serve
to indicate pretty thoroughly the posslbil-
ties of this new aud wonderful field.
The Equitable people will go after
gusher. rs before stated. n they fail they
wiz drill other wells aud develop the 800
foot aud the JOO-foot veins. In the mean
time. Of course, other companies may he
expected to begin work Captain 4, f.
Lucas, The famous pioneer of the beaumont
fcld. has spent some time here and is en-
thuslastic over the prospects. Mr.. Charles
Nelson and other experts of the Guflcy com
pnny have also been here and as a result
some work will no doubt he done by that
concern, which has already leased large
quantity Of land. Several others of those
Interested I'm the Damon Mound field have
also been paying considerable attention to
developments here and Il Is believed that
an unusual amount Of activity viii he In
evidence as soon as the public becomes
generally Informed with reference to con
dltions here Heretofore Governor Hogs
and his associates have had little to say
about the local situation, not because par
, ticulary they wished to keep their work
secret. hut because they had no desire
, to have outsiders invest money until there
was some tangible reason for the belief that
such Investments would Mt least not be
a Improbable. Now ehe situation speaks for
| Itself.
a A feature of considerable interest lies In
& the fact that, beginning at Damon Mound,
y there Is n continuous string Of mounds to
J. the gulf, These have been aptly likened
t to a string of Frankfnrters First, there
n Is Damon mound, Mt which place great
L deal Of work has been done aud which
. | trnn,nsftotirrltr al
u Then comes Arnold's mound at this place,
b on which the Equitable well is being drill
n ed ana which has already produced oil In
d paying quantities The distance between
e These two places Is about twelve miles. A
e short distance south Of here is another hlu
q MS yet unnamed which Is almost exactly
4 Ike the others, Finally, there Is Bryan
k Heights at about eighteen or twenty miles
n as the crow AieS. The extension of n
straight line drawn between any two OF
= these mounds win touch the others. pa.
s mon Mound has boon in the public eye for
J., some time and the famous gasser at Bryan
t Heights is attracting general attention IN
g that direction. The situation here Is
n obvious. Experts who have gone all over
s the territory unhcstatngly pronounce
= Arnold's mound the best oil property in the
l. State aside from spindle Top. Mr. Nelson
e the Guffey expert. made such a statement
. TO The Post correspondent this morning.
i He stated further that his company was
# waiting for q cobln tlg heforn rasrmInp
.ite -. ~, -, ,'
l. operations nj ramon Mouhd' mt that III
" view OF recent developments the rig might
a bn Skinned 10 Rrvan IteIph+s ana son,,
~ ,.,,,,'' -. U.s."
drlilhg done there' MT Nelson adYlccs
n were TO the effect that the 10 wof gas from
\. +ha freak nj VcIasco was NOT onlv con.
- ~ '''S ,'"
e OF which fact those IN charge ala not
ieel ulSpoSeu 10 rose tne'r gaze waive, that
useiul o'' ol n'to" ' pv.pB pu'l' 10 re-
" sls' 'hN d V'It"ih "ii"u"' W p''HN"l'' 'h'