The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-24
HOGd IS OPTIMISTIC
Beaumont OIL Field viii Last a Long
Time, He Says.
GOSSIP ANENr THE GUFFEY COMPANY.
Much Interest lie Manifested In IN. Com
Ing Meeting Of the Oil Exchange
Which conveues Monday.

| opinion on the longevity OF Spinds Ton
This afternoon he gave to the press the
following Interview:
Why do you have SO much Faith In the
permenence of the Spindle Top oil aelds,"
For several reasons. The greatest geo.
logical and oil experts confess that mis-
little nil Is a phenomenon; that II over
throws every theory OF their profession
and that they know nothing about n
more than other, or non-professioual people
| know. 'NOp'e'
we are therefore left to proct,cs,
| common sense view Of it. From his most
| tlon look at II. in the ligut OF rNueI
enee ana OF ndiSputable facts For ia.
sQhce, there are now over ?, 0 acres of
| proven territory on spindle Top; thar rs
| lhere are within a circle of the 400 uro.
duclng wells, over 100 acres of land OF
| comparatively equal merits The oil and, r
| TINS land Is not In a llauld form like a
| lake, but 1t Is confined in a porous qoay
| IKE sponge or houey-comb, which aver
ages over forty feet iu depth. The lowest
| ejaculation made Is that within each acre
| OF this land held in this rock are 100000
| barrels of oil, making these 200 acres hold
at least 100000 barrels Now on thie
| basis make your calculation: How long
| will It take to haul this quantity of al
| outt It takes 100 barrels to a carload
twenty cars make a very long train
tralnload OF twenty cars will carry 800
| barrels. Three Of these large trains each
| with sixty cars every twenty.fo hours
| of the year. pushed to their utmost ca
PauIy' VIII carry annually S,O0O24O barrels
| OF oil.
Thus you observe It will require at this
| rate about twenty years to haul the oil
| now IN sight, so 10 speak, As this area Is
| extended, or If the supply ~ on n this
| held comes from sources elsewhere, then
| no safe calculation could pc made az to
| how long Spindle Top may last MS n phe
| nomenal producer. Take what we have In
| hand. however. let optimistic speculations
| alone, and the danger Of oil giving out
| on the crater gusher Is less today in the
minds of experienced men than when oil
was discovered there.
From the surface down 200 feet 10
stratum OF OIL Is found there are many
waters tbro,-h yph{cb tbo 1on ns nSue.
pass If the casing Of well hos no cracks
| or holes In II and is properly screwed and
{ "a tad ip 'ne cap lock' suen no tIou3ie
| casing Is split. or cracked. or is NOT nron.
| ery iolnted or not securely fastened In
Ihe cap rock, tro9oie, very serious trouble;
| VIII ,nls VIII - uau ms IonpIe, OF
| EioulSe' kloWs lnol' serious as strong Iupn-
o"lt ~ HioIe RuLui' Oh tIuul .ne p3't'u or
~, w 'ulUus ,asi i ItIa, ~ .lo''s ~ ~
t tnnn nv sau Jraw tri nn, rom 1ne nor
I I1, ~ q % sonle, tulGuTh SullI straw,
Ir34panlS ~ pei ceilt Oh tne Gaslngs I'D those
WIS Metg $4,000 III i"i ~ trn uoWn
| OF deIectlvely screwed IN me CAP lock.
! bo,, o,4.,,, l,aI.- T., 49,, a.. an.
v,ate7. Jnstoad az iii rnsnorJ ~ no r,,,,,,s
| Thicker stronger carefully set casings
Is the remedy for Spindle Ton. ] offer II
ossr1,st o croaors VI trinii
pata bns erric onI
vance n lust cause. Relying on facts and
| figures instead of the carplngs OF mis-
! guided people or the false alarms OF the
To6t tb SV Aid beIisV l sDinSie Ton Viii
| continue for many years vet TO he the
| leading oil phenomenon Of the world, and
| hsco,ne tbe IenJing man,,es ctnrInr civ ~
| the South"
|
great deal OF interest Is manifested IN
! the meeting at the oil exchange Monday
nigbt when the election Of n secretary Is
-. go. .--,,..,,.- a. III, 90
| to take place, though whether II VIII re-
! suit In more enthusiasm than last Satur-
| dav night As not known Acting Secretary
Rnnch is doing ali he can 10 Get fun
! nuutn 10 uV'nE az ne eau !" H'' ~
| meeting, lie feels that IL Is most I'M
| portant matter 10 nave ai tne melnngTfs
| present, ana ne mas maze peiSohol cails
| on most of them. He mas their lr9mlse
! that they VIII be present Inc leaulhS
| business men are anxious 10 get the WoIh
| strung out In a vigorous fashion again lhe
| exchange has done a great deaI OF goon ~
| the way Of inducing enterprises to come
| here and is still necessary for that purpose
| MS wei as being the exchange on Tue
| kIouuu % thS oll uualhtee'
49,
nm. a,s ro,+o.sor s.r,,,t, snIrdle Ton
| ihe uoou FeS'eiuuS 81 w 9p''',1 ~
as Wen as beaumont ana ala some aoihnse'
| but not so much as was at FIRST thought
Everything is wet today but work Is
| being resumed in usual style.
! AAA
| -
| The status OF the Guney company Ias
been rather interesting item here, and
ubuo tboro &c ohsoIuteIv no change being
| . =, 49,, a,,,,,,.,,,s
made In the management OF tne connp"nS'
stlll the gossip about II Is always interest
| a., Tba on rr,.ostors, JournoI has the
| ing ue va iN'e'''''
following:
| About six weeks ago when the Mellon In
terests Of Pittsburg made further heavy
| purchases into the J. NJ Gu1ey Petroleum
| company Il was emphatically denied by a
| prominent officer Of the company that the
| deal affected the status of Vice President
aud General Manager ]. c. Mcdowell other
| than that he relinqusshed the tue o! we
| Craig az Plttsburg, a close associate Of the
| MELONS became general superintendent
| with headquarters 40 Plttsburg, MI Craig $
| Injection into tho company was explained
| loEicoilv by the assumption that he was
! nrimariiv 10 rpprpsent IA the board the
! NelIon interpsts with whom he Is tn close
| toncb Mr. McDoypU was 70 remain gen
| oval n,snaeer win uucurtalled authority.
| IL j snbicct 81 some comment and Is