The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-12
|FCOND STRATUM Of OIL
.as. II Is Believed, Econ ftund by
Tie Higgins Company.
MOTHER k.FNLRY FOR PO IT ARTHUR
y. aeushers Don't Gush" Contingent Is
T,viro 10 Secure Aftidsvits to Bolster
uo Their Faks--Prce OF Oil.

N4 beaumont Texas. May 1l.--By far the
=, nuoitant Item that has beer an
III .nnccd came this afternoon when the
KS crs cave ont for the first time the
| ,,p,nr find in Higgins No. 3.
W ma Iliaeuj on and Fuul company, one of
NJ largest and most prosperous companies
s,h,dle Top, stated In about tNo
IM nuths ago to drill through the oil snn"s
,he hll and see what could he found
newer down They have been drilling con
IA rous,y slncc that time ana but little
M u,otion was given the rig us it constant
III umercd through the bowels Of the earth.
| a depth OF about l,lOO feet they en- |
MI o,,tercd salt water, which came in ana
IS ipsd the well. They had previous to Tint
rs 3S gore through solid rock. They kept
i /, dulliuE and Mt Il depth of seventeen
M ,pdrcd feet strong gas flow was struck.
~ ami, Xiv c!cai cd the we'll OF the SAT- wa
,r and ,hot II out Of the top, leaving moth
& nc but the strong gas pressure aGninst
- clsing From appearances it is Thought
many that the gas nressutc Is Of s'ich
III ,rst force as VIII exceed ANYTHING FOUND
FIJI oyc the II Sands oil Spln1lo roH ANA that
II means that the ll.g ,ins No. is now
5 adv to drill through into second oil
81 and that VIII prove as abundant and pro
5 IL ms the present sands that range Ia
,lrtn from $50 10 1.15O fcct on Sninde
Mo- The fact that the drill has bccu go
is through solid rock practically all this
I'LL, mo Is taken az an Indication that the oil
Is but little further down
' An old and experienced oil man stated to
NJ rtc Post correspondent that lie regarded
& MI, as tho nest important find tnnt has
,cn made In Southeast Texas since the
rat oh discoveries here for IN his op!nion
IS here is certainly d great body of oil al
most touched by the Grlll TINT has tins
iabou,cd tho DEPTHS Of spiadlc Top. lie
s tlnks TINT the second stratum vii not
s# er'y be abundant but will be cf hoticr
E grade than the oil found at present. 1hts
gentleman was at one time member Of
Il he standard Oo tompany-n fact hc was
present when the standard oil company
M vas organized and the PIPE lines com
# bnel.
There is going to he an interesting fea-
< ture in this new discovery is the hopes Of
5k The Interested people prove true and that Is
Ell tint the drills for getting this oil will have
TO be strong and durable and only a cable
1s RIG can be used to so down to 1t. These
H rt;s require considerable space anu 1t
.. Win be necessary fos little companies own
MI Ing small tracts to combine In some way
M in order to get room TO drill.
<# Just here 1t may also be interesting TO
$M note Pstlllo Higgins statement shortly nfter
TIE Captain Lucas drilled in his famous guSher
z* TO the effect that II the drill were pushed
|}# further more and greater quantities oS OIL
# would be found. Mr. Higgins located the
'% present .onpply most accurately. and 1t Is
III more h probable that he will again show
sf his sclentihc training successfully. The fact
IA sat oil will he found Just below tho gus
z# i horne out IN the fact that the gas Is on
+ iop of the present wells and has to lie
M Passed before the ell can be had In good
# quantities. .at.. , t..lu
M There are likely to he developments of
n most important character in this connection
e during the coming week
~
The latest thing with the exnggerltlng
people about the playing out of Spindle Top
4 came to light this afternoon when "he
Post correspondent learned positively that
M dnidavlts arc being taken from those WHO
< are willing to give them To the effect that
s. great majority Of spindle Top wells have
ceased 10 How and, nre no longer gushers
M the case Of the drowning man catching 1T
hi me straw than anything else. Five such
# euldayits have been taken and the RECIPE
# hchlnd them are getting ready to spring
8 ,hem on the public. though i is probable
g that this announcement OF The Post viii
|3 ,osestall such Intentions; Yesterday hye
Mi before q notary public In order that they
might be given the color OF truth and
ss3 m sits be used to further eXaggtraie the
'H# situation. Just when these affidavts VIII
6N De sprung on the public Is not known, hut
r.. ,ae knockers" are evidently getting ready
ny iior what they will Gouhtless term rour
III u me present information does not take a
% reef IN their sails.
The week just pas, was given more to
81. Tie increase in the price Of oil than tn any
M thing else, and during the latter part Of
M the week there was frmness to the de-
mand for Beaumont crude that was most
S satifying to the producers. The price MS
' II now stands ranges close around 20 cents
M per barrel where certain conditions are OK
M q SS'co ana the likelihood, of It being aroiint
~ cents before the end OF May is strong
sf# az proofs that are being made by the ie
ana MN mat i Is superior to pennsyyani1
market and Il WI viii o' show oT In the u price
W Inc feature Of the situation was mentioned
81 ~ inc Post about two weeks since and II
tule cases at least II made the oil people
Seic begin hgurlng and thinking. That th'
NJ IIices Will remain firm with an upward ten
W seheF is unquestoned now and this meant
st Gnhv announcements of dividends and thai
, g what the stockholders like to hear about
\ 4 \
Tue Tre0daway well was the center o
M attraction this morning though there 1
A really nothing to report about It that woul
M pe unusually Interesting at this time. Fo
inc past ten DAYS there have been PEI
s astent rumors about this deep well tina
|t@I